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Welcome to this month’s highlights from the Lexis®PSL Banking & Finance team which cover the key news updates from July 2017.
The Financial Markets Law Committee (FMLC) has published a paper discussing the possibility of market disruption if the UK becomes a 'third country' from the perspective of European legislation, with no treaty provision governing the supply of financial services into the EU single market.
The Loan Market Association (LMA) has published revised forms of its English law investment-grade primary documentation to account for changes made to its leveraged documentation in November 2016. These changes have been incorporated across the LMA suite of facility agreements and intercreditor agreements. The LMA has also announced other changes to documentation.
Changes have been made to:
Other changes include:
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Neeta has been working as a paralegal in Banking and Insolvency for the past 4 and a half years.
She started her legal career at Allen & Overy in 2008 in the midst of the global financial crisis and the collapse of Lehmans where she gained most of her experience.
Neeta also did a short stint in litigation at the Revenue and Customs Prosecutions Office. Neeta graduated with a 2:1 honours degree from University of London, Queen Mary College and went on to obtain a distinction from the College of Law in the Legal Practice Course. She moved to Lexis®PSL in April 2013.
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