Seminar | Reconstruction & Insolvency

Asset Based Lending ABL Lite: the way forward?
Monday 16th October 2006
at 10 Queen Street Place London EC4R 1BE

The ABL and Reconstruction & Insolvency Group at SJ Berwin LLP has pleasure in inviting you to a debate on the opportunities and challenges of introducing lighter controls into Asset Based Lending.

The decision in Spectrum Plus has given further impetus to the movement of discounting and asset based lending products into the mainstream of financing. Nonetheless the penetration of ABL into the UK market is significantly lower than in the USA. US facility documentation imposes lighter controls on compliant borrowers. Anecdotal evidence from the UK suggests that control issues discourage acceptance of ABL by borrowers with stronger covenants. Is lighter control a key to greater adoption? If so, what challenges does it pose?

Chair

Stephen Maffey
Partner
SJ Berwin LLP

The Panel

Paul Hancock
Managing Director
JP Morgan Chase

Jim Grundy
Credit Director
Lloyds TSB Commercial Finance Ltd

Mike Woollard
Partner
SJ Berwin LLP

Timetable
17.00    Registration
17.30    Welcome
17.40    Panel discussion
18.30    Open to the floor
19.00    Vote
19.15    Drinks and buffet

Training
SJ Berwin LLP is accredited as a provider of continuing professional development by the Law Society and other professional bodies. Attendance at this seminar qualifies as 1 CPD hour, reference SJB/1

RSVP
RSVP by email to jennifer.thomas@sjberwin.com or alternatively by fax to 020 7111 2000, including in your message your name and organisation and the name of the seminar. Colleagues are welcome to come with you or in your place.