Discuss the main liabilities which could attach to the lead manager in the "sell down" of a Eurocurrency syndicated loan. In your answer, identify the main contractual techniques which lead managers typically use to limit their liability and discuss how effective these techniques might be in a court of law.
I will briefly outline the areas a Lead Manager needs to be aware of when winning the 'mandate' for the syndication deal and then go on to identify potential areas of liability the LM may face in the 'sell down' process itself. …
