- 20 Marks
CBLP – APRIL 2023 – L4 – Q2 – Legal Implications of Various Banking Concepts
Explain the legal implications of letter of comfort, rescheduling in term loans, discrepancies in international transactions, tax avoidance schemes, and not selecting governing law in cross-border agreements.
Question
QUESTION TWO
Explain the legal implications of the following:
(a) Letter of comfort
(b) Rescheduling in term loan agreements
(c) Discrepancy in documents in international banking transactions
(d) Tax avoidance schemes
(e) Not selecting expressly the governing law in cross-border loan agreements.
(Each answer carries 6 Marks)
(Total: 30 Marks)
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