The Legal Theory of Syndicated Loans in the Primary Market, Collective Settlement and Applicable Law of Credit in International Finance Contracts

1.进行了两个比较研究：英美法院案例和日本法律的比较，以及LMA文件和JSLA文件的比较。这些研究表明：首先，日本的银团贷款做法是本地化和本土化的。第二，日本法律对各种义务的规定不明确。第三，日本法律管辖的范本文件不利于全球化交易。基于以上研究和发现，建议修改一些典型的日语合同条款范本，以充分界定和排除银行的责任。

1. Two comparative studies are conducted : Comparison of English and American court cases and Japanese law, and comparison of LMA documentation and JSLA documentation. These studies demonstrate the following : First, Japanese syndicated loan practices are localized and domesticated. Second, various duties in Japanese law are not clearly defined. Third, model documentation governed by Japanese law is not good for the globalized transactions.2. Based upon the studies and findings above, suggestions are made to modify some model contract clauses typically found in Japanese to sufficiently define and exclude banks' duties.