Financial Institutions: Banking & Finance Transactions

Financial Institutions: what to have in mind before entering into a Banking and Finance transaction?

Introduction:

The proper structuring of a finance transaction ensures the due performance of the terms of the same, especially in situations of default and more specifically in the event of insolvency of the borrower. It is of importance that the lender is able to enforce its claim if something goes wrong, in situations where the borrower is unable to pay its debts, or in case of any winding up or the commencement of liquidation procedures and so on. This article will attempt to provide guidance to financial and banking institutions on what to consider when entering into such transactions, especially in relation to banking and finance transactions involving a Cyprus law element.