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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

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