Rely on the most comprehensive, up-to-date legal content designed and curated by lawyers for lawyers
Work faster and smarter to improve your drafting productivity without increasing risk
Accelerate the creation and use of high quality and trusted legal documents and forms
Streamline how you manage your legal business with proven tools and processes
Manage risk and compliance in your organisation to reduce your risk profile
Stay up to date and informed with insights from our trusted experts, news and information sources
Access the best content in the industry, effortlessly — confident that your news is trustworthy and up to date.
With over 30 practice areas, we have all bases covered. Find out how we can help
Our trusted tax intelligence solutions, highly-regarded exam training and education materials help guide and tutor Tax professionals
Regulatory, business information and analytics solutions that help professionals make better decisions
A leading provider of software platforms for professional services firms
In-depth analysis, commentary and practical information to help you protect your business
LexisNexis Blogs shed light on topics affecting the legal profession and the issues you're facing
Legal professionals trust us to help navigate change. Find out how we help ensure they exceed expectations
Lex Chat is a LexisNexis current affairs podcast sharing insights on topics for the legal profession
Discuss the latest legal developments, ask questions, and share best practice with other LexisPSL subscribers
Welcome to this month’s highlights from the Lexis®PSL Banking & Finance team which cover the key news updates from September 2018.
On 13 September 2018, the government issued guidance on its stance on handling civil legal cases that involve EU countries should the UK leave the EU without agreement (see ‘Handling civil legal cases that involve EU countries if there’s no Brexit Deal’). This would involve the majority of the Recast Regulation on Insolvency, Regulation (EU) 2015/848, being repealed in all parts of the UK. News Analysis: Brexit no deal—impact on insolvency discusses the government’s stance in more detail.
The Loan Market Association (LMA) first produced a note in September 2016 on the documentary implications of Brexit for LMA facility documentation (the 2016 Brexit Note). The LMA has now produced a supplementary note to inform members of market discussions/concerns in this area (the Supplementary Note). The Supplementary Note does not replace the 2016 Brexit Note, but rather it is intended to be read in conjunction with it.
Members can log into the LMA website with their username and password to view the Supplementary Note. For a summary of the Supplementary Note, click here.
The LMA has published three additional documents to its desktop series—fees, prepayments and breaks.
The Desktop series was launched in May 2018 and can be found on the LMA Loan Operations Microsite.
LMA members can login to access the documents and the full series here.
Access this article and thousands of others like it free by subscribing to our blog.
Read full article
Already a subscriber? Login
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.
0330 161 1234