Matthijs van Gaalen
Partner
Video
Published12 January 2023
Different types of entities lenders may encounter: Governmental Entities
Government entities are another group of specialty borrowers presenting unique circumstances for loan arrangements, as they may be structured and managed in a number of different ways.
3
minute read
I am Matthijs van Gaalen and I'm a corporate / commercial lending lawyer at Gowling WLG and you're watching our eighth video in our video series entitled different types of borrowing entities. In this video we're going to review governmental entities.
Governmental entities are another group of specialty borrowers presenting unique circumstances for loan arrangements they may be in the form of crown corporations, municipal corporations or other persons created through statute or they may be ministries provinces or the federal crown itself borrowing pursuant to orders and council or other authorizations.
Once again some due diligence may be required to properly identify the legal entity intended to act as borrower and the governing legislation or orders in council to confirm that the loan transaction itself and the entry into execution of and delivery of the security documents has been approved by the necessary authorities and are in complete compliance with the applicable legislation.
Once again the assistance of legal counsel is recommended to navigate these complex waters.
This presentation was a high level overview of governmental entities however if you find that you have more specific questions about any of the points discussed or their application to a specific fact situation please reach out to any member of our lending team or you can contact me.
Thanks for watching
Government entities are another group of specialty borrowers presenting unique circumstances for loan arrangements, as they may be structured and managed in a number of different ways.
In this video we discuss:
- Crown corporations
- Municipal corporations
- The role of statutes
- Federal and provincial ministries
Watch more videos | Go to our lending resource hub
How we can help
If you have any specific questions about the points discussed or it's specific application, please reach out to our Banking & Finance Group or Matthijs van Gaalen.
About the series
Every now and again, a banker may encounter an unfamiliar legal entity. Even with more common entities such as corporations, partnerships, and individuals, the legal considerations may not be always top-of-mind for bankers. In this series, we'll address some of the essential legal considerations for various types of entities that participate in financing transactions.
NOT LEGAL ADVICE. Information made available on this website in any form is for information purposes only. It is not, and should not be taken as, legal advice. You should not rely on, or take or fail to take any action based upon this information. Never disregard professional legal advice or delay in seeking legal advice because of something you have read on this website. Gowling WLG professionals will be pleased to discuss resolutions to specific legal concerns you may have.
