Banking and debt finance is a very broad area to be covered therefore there is need for its sub-division into smaller practices such as the leverage finance, leasing finance asset and loan finance, banking litigation and regulation, trade and export finance among others. Some of the self – organized or syndicate companies that employ the Bank Debt Finance Law include the internet companies and other corporation that are involved in the internet ventures.
Besides providing transactional services to clients, providing regulatory advice to customers is very crucial in the banking sector. It’s therefore the role of the banking lawyers to advice clients especially on the lending side including the investment and corporate banks and the high net worth investors. It’s also the role of the bank lawyers to advice other external parties in the finance transaction sectors such as the insurance companies, the regulators and other administrators. Banking and Debt Finance is therefore regarded as a less adversarial and more allowed practice as compared to the litigation simply because the bargaining power always lies on the hands of the lenders and other lending parties (Alexander, 2009).
For an effective Banking and Debt Financial analysis to be carried out, one has to be well equipped with the numerical figures and a good background of economics and finance. This is essential since it deals with very strict aspects of the law and needs a good understanding of your clients because you deal directly with them. The Bank and Debt Finance sector is always worse hit whenever there is a serious economic crisis. However, the lawyers have adjusted to the arising situations by restructuring their transferable skills to deal with the financial refinancing and insolvency (Felsenfeld et al., 2008).
References
Alexander, K. (2009). Economic Sanctions.
Felsenfeld, C., Broder, D., Foer, B., & Gron, D. (2008). The Antitrust Aspects of Bank Mergers-Panel Discussion I: Development of Bank Merger Law. Fordham Journal of Corporate & Financial Law, 13(4), 511.
