Drafting Receivables Purchase Documents: Avoiding Contracting Pitfalls for Sellers and Purchasers
Key Provisions, UCC Requirements, Bankruptcy Principles
A live 90-minute CLE webinar with interactive Q&A
This CLE webinar will guide counsel through crafting critical provisions in the Receivables Purchase Agreement (“RPA”) and other transaction instruments. The panel will provide practical strategies to avoid common drafting pitfalls, minimize contract disputes, and protect client interests.
- Committed and uncommitted programs
- Single purchaser and multiple purchasers
- Who is the "seller"?
- Electronic platforms
- Types of receivables--market observations
- Concept of "eligibility"
- UCC searches, filing, and priority
- Governmental obligors
The panel will review these and other noteworthy issues:
- What are the principal features of documents utilized in this market?
- What are the issues for banking organizations as purchasers?
- Which provisions of major agreements are standard, and which are often negotiated?
- Which documents are usually required at closing, including legal opinions?
- What issues are commonly recurring "sticking points"?
Peter S. Smedresman
Mr. Smedresman represents major international financial institutions and multinational businesses with their corporate... | Read More
Mr. Smedresman represents major international financial institutions and multinational businesses with their corporate finance needs, including debt finance, capital markets transactions, sovereign risk and derivatives. He also regularly advises banks and other financial institutions with respect to regulatory matters, including analysis of new activities and financial products. Mr. Smedresman has written or co-authored a series of widely cited articles. Most recently, he served as co-author of the chapter entitled “International Monetary Law and Private Activity” in the Second Edition of Professor Andreas Lowenfeld’s standard treatise, “International Financial Law” (Oxford 2008), focusing on the Basel II bank capital rules.Close
to be announced.
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