Document background
The International Loan Agreement serves as the primary documentation for cross-border lending transactions under Austrian law. It is typically used when either the lender or borrower is based in Austria, or when parties choose Austrian law for its well-developed banking regulations and EU-compliant framework. The agreement must comply with the Austrian Banking Act (BWG), Civil Code (ABGB), and relevant EU regulations, particularly regarding interest rates, security requirements, and consumer protection where applicable. The document includes comprehensive provisions for loan facility terms, drawdown mechanisms, repayment schedules, security arrangements, representations and warranties, events of default, and cross-border considerations such as currency exchange and international service of process.
