SERVICE PROVIDER OVERVIEW

• SIRI Law LLP is a multidisciplinary law firm providing strategic advisory across banking and finance law, financial regulation, transactional structuring, and operational excellence. The firm advises banks, non-banking financial institutions, funds, fintech companies, and corporates on complex financing arrangements, regulatory compliance, and risk management across domestic and cross-border transactions.
• SIRI Law LLP’s approach to banking and finance law integrates legal structuring, regulatory interpretation, commercial negotiation, and governance. The firm supports clients through the entire lifecycle of financial transactions, from structuring and documentation to regulatory approvals, execution, and post-transaction compliance.
• This case study demonstrates SIRI Law LLP’s capability to deliver end-to-end banking and finance legal advisory for complex, regulated, and high-value financial engagements.

CLIENT BACKGROUND

• The client was a multinational financial services institution with operations across Asia, Europe, and the Middle East. The organization provided a wide range of financial products, including corporate lending, structured finance, project finance, trade finance, treasury services, and capital market-linked instruments.
• The client maintained a significant presence in India through lending operations, structured finance transactions, and partnerships with domestic financial institutions. Its client base included large corporates, infrastructure developers, financial sponsors, and public sector entities.
• The regulatory environment in which the client operated was highly complex. The institution was subject to banking regulation, prudential norms, foreign exchange controls, anti-money laundering requirements, and sector-specific compliance obligations. Transactions often required coordination with multiple regulators, lenders, and stakeholders.
• As the scale and complexity of operations increased, senior leadership identified the need for a trusted legal advisor capable of providing integrated banking, finance, and regulatory support across transactions and ongoing operations.
• SIRI Law LLP was engaged as strategic legal counsel for a series of financing transactions and broader regulatory advisory.

ENGAGEMENT OBJECTIVES

• The engagement was structured around multiple objectives.
• The first objective was to support the structuring, documentation, and execution of complex financing transactions, including bilateral loans, syndicated facilities, and structured finance arrangements.
• The second objective was to ensure compliance with applicable banking, financial, and foreign exchange regulations across jurisdictions.
• The third objective was to manage legal and regulatory risk associated with lending, security creation, enforcement, and restructuring.
• The fourth objective was to align transaction structures with the client’s risk appetite, commercial objectives, and regulatory constraints.
• The fifth objective was to provide ongoing advisory support to enable efficient deal execution and regulatory defensibility.
• The engagement was positioned as a long-term advisory relationship rather than isolated transactional support.

BUSINESS AND REGULATORY CONTEXT

• The banking and finance landscape was undergoing significant change. Regulatory scrutiny had intensified following global financial instability, with regulators focusing on prudential norms, capital adequacy, risk management, and consumer protection.
• In India and other emerging markets, regulatory frameworks governing foreign lending, external commercial borrowings, security enforcement, and restructuring were evolving rapidly. Regulators expected strict adherence to procedural and reporting requirements.
• At the same time, borrowers demanded innovative financing structures, competitive pricing, and speed of execution. Financial institutions needed legal advice that balanced regulatory compliance with commercial agility.
• SIRI Law LLP approached the engagement with an understanding that banking and finance law operates at the intersection of regulation, risk, and commercial negotiation.

PHASE ONE: REGULATORY LANDSCAPE AND RISK ASSESSMENT

• The first phase involved assessing the regulatory environment applicable to the client’s financing activities.
• SIRI Law LLP conducted a detailed review of banking regulations, foreign exchange controls, lending norms, and sector-specific requirements relevant to the client’s transactions. This included assessing eligibility criteria, end-use restrictions, pricing caps, security requirements, and reporting obligations.
• The firm reviewed the client’s internal policies and procedures to ensure alignment with regulatory expectations. Areas of regulatory sensitivity, such as cross-border lending, security creation over Indian assets, and enforcement rights, were identified.
• This assessment informed transaction structuring and risk allocation strategies.

PHASE TWO: TRANSACTION STRUCTURING AND FINANCING MODELS

• SIRI Law LLP advised on structuring a range of financing transactions.
• These included bilateral loan facilities, syndicated loans involving domestic and international lenders, and structured finance arrangements tailored to specific borrower needs. Transactions covered working capital financing, term loans, acquisition finance, and project finance.
• The firm advised on optimal structuring to comply with regulatory requirements while meeting commercial objectives. This included selecting appropriate lending routes, security structures, and repayment mechanisms.
• Where multiple jurisdictions were involved, SIRI Law LLP coordinated with foreign counsel to ensure seamless execution.

PHASE THREE: DOCUMENTATION AND NEGOTIATION

• SIRI Law LLP led the drafting and negotiation of financing documentation.
• This included facility agreements, security documents, inter-creditor arrangements, guarantees, and ancillary documents. The firm ensured documentation reflected agreed commercial terms while protecting the client’s legal and regulatory position.
• Negotiations focused on representations and warranties, covenants, events of default, enforcement rights, and regulatory compliance undertakings. Particular attention was paid to aligning contractual rights with regulatory constraints.
• The firm worked closely with the client’s credit and risk teams to ensure documentation aligned with internal policies.

PHASE FOUR: SECURITY CREATION AND PERFECTION

• Security creation and perfection were critical components of the transactions.
• SIRI Law LLP advised on security structures over movable and immovable assets, shares, receivables, and bank accounts. The firm ensured compliance with local laws governing creation, registration, and enforcement of security.
• The firm coordinated filings, registrations, and perfection steps, ensuring enforceability and priority of security interests.

PHASE FIVE: FOREIGN EXCHANGE AND CROSS-BORDER CONSIDERATIONS

• Many transactions involved cross-border elements.
• SIRI Law LLP advised on compliance with foreign exchange regulations governing external commercial borrowings, guarantees, security, and repatriation of funds. The firm ensured adherence to pricing, maturity, and reporting requirements.
• Cross-border documentation was aligned with domestic regulatory requirements to avoid conflicts.

PHASE SIX: REGULATORY APPROVALS AND COMPLIANCE

• Certain transactions required regulatory approvals or filings.
• SIRI Law LLP advised on approval requirements, prepared applications, and liaised with regulators where necessary. The firm ensured timely filings and compliance with post-transaction reporting obligations.
• Ongoing compliance requirements were tracked to ensure continued regulatory adherence.

PHASE SEVEN: RESTRUCTURING AND STRESSED ASSETS

• During the engagement, the client encountered stressed exposures.
• SIRI Law LLP advised on restructuring options, including rescheduling, refinancing, and enforcement strategies. The firm assessed regulatory implications and supported negotiations with borrowers and other lenders.
• Where enforcement was required, SIRI Law LLP advised on legal processes, timelines, and risk mitigation.

PHASE EIGHT: ONGOING REGULATORY ADVISORY AND GOVERNANCE

• Beyond transactions, SIRI Law LLP provided ongoing regulatory advisory.
• The firm advised on changes in banking and finance regulations, assessed their impact on existing and proposed transactions, and supported policy updates.
• This proactive advisory enabled the client to adapt to regulatory changes without disruption.

PHASE NINE: RISK MANAGEMENT AND INTERNAL ALIGNMENT

• SIRI Law LLP worked with internal teams to strengthen risk management.
• The firm supported alignment between legal, credit, risk, and compliance functions. Transaction learnings were incorporated into internal guidelines and playbooks.
• This improved consistency and efficiency across future transactions.

OUTCOMES AND VALUE DELIVERED

• The engagement delivered substantial value.
• Financing transactions were executed efficiently and in compliance with regulatory requirements. Legal and regulatory risk was managed proactively.
• Documentation quality and consistency improved. Regulatory interactions became more predictable and controlled.
• The client strengthened its ability to execute complex financing transactions in regulated environments.

MATURITY PROGRESSION AND STRATEGIC IMPACT

• Through this engagement, the client progressed from reactive transaction-by-transaction legal support to a more structured and strategic approach to banking and finance law.
• Leadership gained confidence in regulatory defensibility and transaction execution capabilities.

EXECUTIVE REFLECTION

• This engagement demonstrated the importance of integrated banking and finance legal advisory. By combining regulatory insight with transactional expertise, the organization enhanced its ability to deploy capital while managing risk.

CONCLUSION

• This case study reflects SIRI Law LLP’s capability to deliver comprehensive banking and finance legal advisory for complex, high-value, and regulated financial transactions. The firm’s approach emphasizes regulatory certainty, commercial alignment, and long-term partnership.