International banking and finance law Assignment - 1

International swearing and finance law - Assignment ExampleThe banks come to lick under the aegis of one lead bank to make up the necessary availability of finances with the help of each bank in the group. The lead bank is the agency that has direct relationship with the borrower whereas some other banks are called upon by the lead bank to fund the project (Gatti, 2008157).The legal structure of the banks for proper financial support the project may include lead bank, which has direct relationship with the borrower participant which is a financial intermediator lending an amount below the threshold documentation bank responsible for correct drafting of the documents concerning the bring and agent bank responsible for managing the cash flows and payments during the project lifecycle (Gatti, 2008157). It is however important to mention that lead bank could be liable to other members for negligent preparation of the breeding memorandum (Roberts, 199879).b) The legal issues arisin g from the loans given by the group of banks for a particular project include pre-contract relationships involving lead bank, lenders and borrowers the legal position of the agent banks, in underframeation of the borrower, project details like requirement of finance during its lifecycle. The Unfair Contract Terms Act 1977 declares the exclusions of indebtedness for negligence by notice will only be effective in as oftentimes as they are reasonable. A non contractual remedy is also available to the member in the form of an action for fraudulent misrepresentation (Roberts, 199883)..The rights and obligations of the banks are independent of each other and that the financial assistance provided by the banks in the group is usually separate loans made to the borrower which also gives the right to the bank to make its possess decisions on matters pertaining to default by the borrower. The group of banks act like a syndicate, whereby, a clause is include declaring that when an