Monthly Update: May 2014

Monthly Update: May 2014

Welcome to this month’s highlights from the LexisPSL Banking & Finance team covering key updates and analysis relating to Banking & Finance law and practice.

Of particular interest this month is:

  • General updates
    • ‘Talking points'—key trends and a look to the future within banking and finance
    • Amendments to LMA facility agreements
    • High Court considers construction of payment waterfall in a facility agreement (Landesbank Hessen-Thüringen Girozentrale)
    • High Court considers duty of confidentiality owed by a bank to its customer (Primary Group v Royal Bank of Scotland)
    • High Court considers meaning of 'further advances' under statutory rules on tack

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About the author:
Kathy specialises in restructuring and cross-border insolvency. She qualified as a solicitor in 1995 and has since worked for Weil Gotshal & Manges and Freshfields. Kathy has worked on some of the largest restructuring cases in the last decade, including Worldcom, Parmalat, Enron and Eurotunnel.