+7 925 966 4690, 9am6pm (GMT+3), Monday – Friday
ИД «Финансы и кредит»

JOURNALS

  

FOR AUTHORS

  

SUBSCRIBE

    
Finance and Credit
 

Syndicated lending: Law enforcement and legislation improvement

Vol. 27, Iss. 2, FEBRUARY 2021

Received: 21 January 2021

Received in revised form: 4 February 2021

Accepted: 18 February 2021

Available online: 26 February 2021

Subject Heading: Banking

JEL Classification: E44, E52, G20, G21

Pages: 370–384

https://doi.org/10.24891/fc.27.2.370

Andrei L. BELOUSOV Financial University under Government of Russian Federation, Moscow, Russian Federation
andreybelousov@mail.ru

https://orcid.org/0000-0002-9069-8830

Subject. This article deals with the issues related to the development of the syndicated lending institution in the aspect of the emerging legal framework in this area.
Objectives. The article aims to consider the problems of the development of syndicated lending in Russia and describe the main areas for further changes in the legal regulation.
Methods. For the study, I used logical and structural analyses, and functional analysis system and legalistic approaches.
Results. The article describes the essence, features and legal regulation of syndicated lending, and evaluates enforcement practices based on the new syndicated credit law. It also formulates key issues and identifies further areas for changing the legal regulation of syndicated lending.
Conclusions. The development of syndicated lending can significantly support large and medium-sized businesses in terms of job preservation, tax revenue growth, and improving business competitiveness. The results of the study can be used both in theory of syndicated lending in the Russian Federation, and in practical activities to develop proposals to improve regulation in this area.

Keywords: syndicated lending, consortium loan, syndicated credit agreement, legal regulation, bankruptcy

References:

  1. Ivanov O.M. [History of regulation of a syndicated loan]. Vestnik Universiteta imeni O.E. Kutafina (MGYuA) = Courier of Kutafin Moscow State Law University (MSAL), 2018, no. 10, pp. 104–121. URL: Link (In Russ.)
  2. Ivanov O.M. [About freedom of the agreement, syndicated loan and directions of development of civil law]. Vestnik Universiteta imeni O.E. Kutafina (MGYuA) = Courier of Kutafin Moscow State Law University (MSAL), 2017, no. 1, pp. 114–121. URL: Link (In Russ.)
  3. Efimova L.G. [Peculiarities of syndicated loan contract]. Vestnik Universiteta imeni O.E. Kutafina (MGYuA) = Courier of Kutafin Moscow State Law University (MSAL), 2018, no. 10, pp. 20–44. URL: Link (In Russ.)
  4. Popkova L.A. [Indirect syndicated crediting: main models and application practice]. Bankovskoe pravo = Banking Law, 2016, no. 4, pp. 59–64. (In Russ.)
  5. Ruchkina G.F. [Non-credit financial organizations: legal regulation of requirements to business reputation and qualification]. Bankovskoe pravo = Banking Law, 2016, no. 5, pp. 9–15. (In Russ.)
  6. Arzamaskin A.N. [Current problems of the institution of syndicated lending in modern Russian law]. Pravovoe gosudarstvo: teoriya i praktika = The Rule-of-Law State: Theory and Practice, 2019, no. 1, pp. 165–172. URL: Link (In Russ.)
  7. Chelyuskin A.L. [Current issues of syndicated lending regulation in the Russian Federation]. Moskovskii ekonomicheskii zhurnal, 2019, no. 10, p. 91. (In Russ.) URL: Link
  8. Kazachenok O.P. [Federal Law On Syndicated Credit (Loan) and Amendment of Separate Legal Acts of the Russian Federation: Legal regulation issues and contradictions to the international practice]. Bankovskoe pravo = Banking Law, 2018, no. 3, pp. 7–13. URL: Link (In Russ.)
  9. Kolovorotnaya S., Luk'yanova M. [Syndicated loan: opportunities to protect the lender's interests in the borrower's bankruptcy]. Bankovskoe kreditovanie, 2019, no. 2. (In Russ.) URL: Link
  10. Matveev I.V. [The liability under a syndicated loan agreement]. Bankovskoe pravo = Banking Law, 2020, no. 3, pp. 12–20. (In Russ.)
  11. Mikhailovskii V.A., Fedorkov A.E. [An agreement on the main syndicated loan terms]. Bankovskoe pravo = Banking Law, 2020, no. 3, pp. 33–41. (In Russ.)
  12. Belousov A.L. [Audit of support measures for small and medium-sized businesses]. Aktual'nye problemy ekonomiki i prava = Actual Problems of Economics and Law, 2020, vol. 14, no. 1, pp. 5–21. URL: Link (In Russ.)
  13. Matveeva N.A. [The legal nature of syndicated loan agreements and on the organization of a syndicated loan]. Bankovskoe pravo = Banking Law, 2020, no. 3, pp. 21–27. (In Russ.)
  14. Egorov D.P. [Protection of creditors' interests under a syndicated loan agreement in the event of bankruptcy of a borrower]. Yuridicheskaya nauka = Legal Science, 2020, no. 6, pp. 76–79. URL: Link (In Russ.)
  15. Tarasov A.A. [A branch analysis of syndicated loans]. Finansovyi vestnik: Finansy, nalogi, strakhovanie, bukhgalterskii uchet, 2020, no. 4, pp. 12–18. (In Russ.)
  16. Biniaminov B.A., Chuprova A.Yu. [Syndicated credit criminal remedies]. Problemy ekonomiki i yuridicheskoi praktiki = Economic Problems and Legal Practice, 2020, vol. 16, no. 3, pp. 206–208. URL: Link (In Russ.)
  17. Aristova-Danemar A.V., Gorchakov I.N. [Representations and warranties in a syndicated loan agreement under English and Russian laws (the final part)]. Bankovskoe pravo = Banking Law, 2020, no. 3, pp. 7–11. (In Russ.)

View all articles of issue

 

ISSN 2311-8709 (Online)
ISSN 2071-4688 (Print)

Journal current issue

Vol. 30, Iss. 11
November 2024

Archive