Extensive experience on all levels of banking and finance
Royds Withy King act for a number of international banks, both at head office and branch level, providing advice as to complex lending transactions and security, provision of bank guarantees, trade credit instruments, overdraft, term, guarantee, letter of credit or multi-option facilities on a sole lender or syndicated basis, leveraged finance agreements, inter-creditor agreements, stand-by letters of credit, revolving credit agreements, priorities agreements, security trust agreements and secondary loan market documentation.
We have extensive experience in drafting standard bank lending documents for both corporate and individual lending (together with procedural guides for their use) by bank branch networks (facilities agreements, mortgages, guarantees, pledges, charges on deposits, debentures, factoring agreements and other financial instruments).
In the event of default or a dispute arising and recovery or other action being required, then our Dispute Resolution Team can provide specialist and cost effective representation whether the issue is large or small. We act in all manner of banking and finance disputes in the Courts in England and Wales and in domestic and international arbitrations.
Our Insolvency Team is also on hand to advise in situations involving company liquidation or administration and individual bankruptcy. This will frequently involve taking appropriate steps to protect or realise assets and securities.
Recent experience includes the following:
- US$23.5m multi-currency loan for purchase of UK manufacturing company and £3m working capital facility to the target.
- Acted for State Bank of India in successfully defending a claim by the Liquidators of BCCI (BCCI v. State Bank of India  EWHC 1868 CH).
- US$100m development facility for offshore oilfield finance.
- Stand-by letter of credit facilities by two lenders as part of a US$130m secured project arrangement by the IFC to finance acquisition of liquid petroleum gas interests.
- US$12m secondary market participation in a US$48m loan to a shipping company.