Library Catalogue
Legal and economic aspects of corporate finance : with special reference to project finance
Shail Shakya
Legal and economic aspects of corporate finance : with special reference to project finance - BangaloreBangalore NLSIU 2013 - 119 p. ; 25 cm.
Table of Contents Part I: Law of Corporate Finance; Chapter - 1: The Law of Corporate Finance; I. Introduction to the Law of Corporate Finance ; II. The Regulatory Policy for Indian Financial Markets ; III. The Law & Financial Markets ; • A.] Preserving the Stability in Financial Markets ; • B.] Promoting Uniformity in Contract Terms ; IV. Mechanisms of Corporate Finance in India ; Chapter - 2: Rules Relating to Raising & Maintenance of Capital; I. The Share Capital: Equity Finance; • A.] Kinds of Share Capital; • B.] Characteristics of an Ordinary Share ; • C.] Further Issue of Capital; II. The Loan Capital (Debt) ; • A.] Common Characteristics of Debt; III. Maintenance of Share Capital ; • A.] Private Companies and Convertible Issues ; • B.] Employees Stock Option ; • C.] Power to Convert Loans into Capital; • D.] Variation of Shareholders' Rights or Class Rights ; • F.] Purchase by Company of its Own Shares ; • G.] Buy-Back of Shares ; • H.] Consequences of Illegal Financing ; Chapter - 3: Corporate Law & Finance Theory I. The Modigliani-Miller Theorem of Capital Structure Irrelevancy ; II. The Reverse M&M Theorem ; III. Applications of the M&M Theorem and Reverse M&M Theorem ; • A.] Convertible Bonds ; • B.] Project Finance ; • C.] Financial Engineering with Derivatives ; • D.] Tracking Stock ; • E.] Corporate Securities & Business Laws ; IV. Observations about M&M Theorem ; Part II: Legal Aspects of Corporate Debt Finance; Chapter - 4: The Debt Financing- Raising Loan Capital; I. Forms of Debt Finance: An Overview ; II. Overdrafts ; III. Term Loans ; • A.] Principal ; • B.] Interest ; IV. Lender's Liability under English Law ; V. Legal Principles Related to Corporate Debt Finance in India ; • A.] Consequences of Unauthorised Borrowing ; • B.] Regular Borrowings ; • C.] Mortgages & Charges ; • D.] Inter-Corporate Loans & Investments ; • E.] Corporate Deposits ; • G.] Form of Contracts in Debt Financing ; • H.] Execution of Deeds & Use of Seal ; Part III: Law of Project Finance; Chapter - 5: 'The Mechanisms of Project Finance; 1 Overview of Project Financing ; • A.] 'The Basic Structure of Project Financing Arrangements ; • B.] Project Loan Agreements & Choice of Law and Forum ; TI. Definitions & Characteristics of Project Financing ; • A.] Definitions ; • B.] Categories- Dependence on Project & Its Cash Flows ; • C.] Limiting of Lender's Recourse ; Ill. Reasons & Incentives for Project Financing ; • A.} Sponsor's Legal Reasons ; • B.] Lender's Incentives ; Part IV: Legal Aspects of Project Finance; Chapter - 6: Redressing Legal Issues in Project Finance; I. Project Phases ; II. Securing the Lender's Priorities ; III. Creditors & Third Party Obligations ; • A.] Comfort Letter ; • B.] Contractors' Bonds & Sponsor's Completion Guarantee ; 1. Contractors' Bonds ; o Performance Bonds ; o Other Forms of Contractors' Bonds ; _ . Direct Debt Repayment ; • A.] Deficiency Guarantee ; • B.] Contingent Guarantee ; • C] Loan Purchase Agreement ; • D.] Repurchase Agreement ; • E.] Cross-Default Clause ; . Indirect Debt Repayment ; • A.] Investment Agreement ; • B.] Take-or-Pay Contracts ; • C] Exclusive Supply Agreement ; • D.] Supply-or-Pay Contracts ; 1. Project Lender's Priority Rights over Project Assets ; • A.] Protection in Unsecured Loans ; • B.] Protection in Secured Loans ; • C] Charge on the Shares of the Project Company ; Part V: Observations & Conclusions; Observations & Conclusions ; Part VI: Index of Authorities; 1. Textbooks ; 2. Articles; 3. Cases Referred .
Legal and economic aspects of corporate finance : with special reference to project finance - BangaloreBangalore NLSIU 2013 - 119 p. ; 25 cm.
Table of Contents Part I: Law of Corporate Finance; Chapter - 1: The Law of Corporate Finance; I. Introduction to the Law of Corporate Finance ; II. The Regulatory Policy for Indian Financial Markets ; III. The Law & Financial Markets ; • A.] Preserving the Stability in Financial Markets ; • B.] Promoting Uniformity in Contract Terms ; IV. Mechanisms of Corporate Finance in India ; Chapter - 2: Rules Relating to Raising & Maintenance of Capital; I. The Share Capital: Equity Finance; • A.] Kinds of Share Capital; • B.] Characteristics of an Ordinary Share ; • C.] Further Issue of Capital; II. The Loan Capital (Debt) ; • A.] Common Characteristics of Debt; III. Maintenance of Share Capital ; • A.] Private Companies and Convertible Issues ; • B.] Employees Stock Option ; • C.] Power to Convert Loans into Capital; • D.] Variation of Shareholders' Rights or Class Rights ; • F.] Purchase by Company of its Own Shares ; • G.] Buy-Back of Shares ; • H.] Consequences of Illegal Financing ; Chapter - 3: Corporate Law & Finance Theory I. The Modigliani-Miller Theorem of Capital Structure Irrelevancy ; II. The Reverse M&M Theorem ; III. Applications of the M&M Theorem and Reverse M&M Theorem ; • A.] Convertible Bonds ; • B.] Project Finance ; • C.] Financial Engineering with Derivatives ; • D.] Tracking Stock ; • E.] Corporate Securities & Business Laws ; IV. Observations about M&M Theorem ; Part II: Legal Aspects of Corporate Debt Finance; Chapter - 4: The Debt Financing- Raising Loan Capital; I. Forms of Debt Finance: An Overview ; II. Overdrafts ; III. Term Loans ; • A.] Principal ; • B.] Interest ; IV. Lender's Liability under English Law ; V. Legal Principles Related to Corporate Debt Finance in India ; • A.] Consequences of Unauthorised Borrowing ; • B.] Regular Borrowings ; • C.] Mortgages & Charges ; • D.] Inter-Corporate Loans & Investments ; • E.] Corporate Deposits ; • G.] Form of Contracts in Debt Financing ; • H.] Execution of Deeds & Use of Seal ; Part III: Law of Project Finance; Chapter - 5: 'The Mechanisms of Project Finance; 1 Overview of Project Financing ; • A.] 'The Basic Structure of Project Financing Arrangements ; • B.] Project Loan Agreements & Choice of Law and Forum ; TI. Definitions & Characteristics of Project Financing ; • A.] Definitions ; • B.] Categories- Dependence on Project & Its Cash Flows ; • C.] Limiting of Lender's Recourse ; Ill. Reasons & Incentives for Project Financing ; • A.} Sponsor's Legal Reasons ; • B.] Lender's Incentives ; Part IV: Legal Aspects of Project Finance; Chapter - 6: Redressing Legal Issues in Project Finance; I. Project Phases ; II. Securing the Lender's Priorities ; III. Creditors & Third Party Obligations ; • A.] Comfort Letter ; • B.] Contractors' Bonds & Sponsor's Completion Guarantee ; 1. Contractors' Bonds ; o Performance Bonds ; o Other Forms of Contractors' Bonds ; _ . Direct Debt Repayment ; • A.] Deficiency Guarantee ; • B.] Contingent Guarantee ; • C] Loan Purchase Agreement ; • D.] Repurchase Agreement ; • E.] Cross-Default Clause ; . Indirect Debt Repayment ; • A.] Investment Agreement ; • B.] Take-or-Pay Contracts ; • C] Exclusive Supply Agreement ; • D.] Supply-or-Pay Contracts ; 1. Project Lender's Priority Rights over Project Assets ; • A.] Protection in Unsecured Loans ; • B.] Protection in Secured Loans ; • C] Charge on the Shares of the Project Company ; Part V: Observations & Conclusions; Observations & Conclusions ; Part VI: Index of Authorities; 1. Textbooks ; 2. Articles; 3. Cases Referred .