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 …
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…further alleged that Colocotronis shipping group had a duty to the plaintiffs to advise them of all the material facts relevant to the Colocotronis loans, and that EABC was guilty of both untrue facts which had induced the plaintiffs to participate in the syndicated loans All action arising out of the Colocotronis litigation were subsequently settled out of court, but only after EABC agreed to remit to each participant the full amount of their particip