HISTORY OF REGULATION OF A SYNDICATED LOAN
https://doi.org/10.17803/2311-5998.2018.50.10.104-121
Abstract
In article historical development of a syndicated loan, prerequisite of his emergence abroad and in Russia is considered by the author. Also work over recently adopted Federal law of December 31, 2017 No. 486-FZ «About a syndicated loan (loan) and about introduction of amendments to separate acts of the Russian Federation» is described. The author proves the idea that prerequisites of emergence of a syndicated loan existed in Ancient Rome. The contemporary history of the international syndicated loan has begun in the 70th of the last century. The market of eurodollars which had partially economic, and partially legal basis became a prerequisite of his emergence. First, the essential growth of trade deficit of the USA has led to the fact that the considerable volume of the dollars serving international trade and the market of the capitals in the 1960th has begun to accumulate abroad. Secondly, in the American legislation worked the ban to charge percent on deposits poste restante, restriction of a rate on term deposits and also increased requirements to reservation on such transactions. As a result of them it became more favorable to conclude in the European market. The Russian corporate borrowers have begun to master the international market of syndicated loans in the mid-nineties.
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Review
For citations:
Ivanov O.M. HISTORY OF REGULATION OF A SYNDICATED LOAN. Courier of Kutafin Moscow State Law University (MSAL)). 2018;(10):104-121. (In Russ.) https://doi.org/10.17803/2311-5998.2018.50.10.104-121
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