Claire Rowe joined the firm in 2015 as a banking and finance lawyer and has been practising law since 2007. She has experience in syndicated and bilateral loan transactions with a focus on property acquisition, corporate and real estate development and investment finance.
Prior to joining Wright Legal, Claire worked in the finance team at MinterEllison in Perth. She was seconded to two of the big four Australian banks and assisted their internal legal teams with loan structuring, documentation and execution of corporate and real estate finance transactions.
In addition to being qualified as a lawyer in Australia, Claire also holds a Bachelor of Science (Environmental Science).
In finance documents, financial covenants or ratios (and the negotiation of cure rights for breaches) require careful thought during the initial documentation process for a transaction.
There is significant value in negotiating a cure regime at the outset of a transaction.
Financial covenants are designed to act as an early warning system for a lender. A breach of a financial covenant alerts the lender to financial underperformance that the borrower may be experiencing before a payment default occurs.