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Practice notes
BREXIT: As of 31 January 2020, the UK is no longer an EU Member State, but has entered an implementation period during which it continues to be...
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9th Nov
Practice notes
What are incremental facilities?An incremental facility is feature included in a credit agreement where, subject to meeting certain pre-agreed...
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Produced in partnership with Osborne Clarke 12th Jan
Practice notes
Development of the Loan Market Association (LMA) documentationThe project to develop the LMA investment grade documents began in 1998 as a response to...
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9th Nov
Practice notes
What is a direct agreement?Direct agreements are very common in project finance transactions. A direct agreement is an agreement which gives the...
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9th Nov
Practice notes
BREXIT: As of 31 January 2020, the UK is no longer an EU Member State, but has entered an implementation period during which it continues to be...
Read More >
9th Nov
Practice notes
Coronavirus (COVID-19): The ICC has issued a guidance paper on the impact of COVID-19 on trade finance transactions issued subject to ICC rules. For...
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9th Nov
Practice notes
Assignment is a means by which a lender can transfer its interest in a loan to another lender.For an overview of the reasons why a lender might...
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9th Nov
Practice notes
Novation is a means by which a lender can transfer its interest in a loan to another lender.This Practice Note looks at what is meant by novation...
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9th Nov
Practice notes
What are they?A bridge to bond facility is a type of acquisition financing where the buyer requires the certainty of a fully committed financing...
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Produced in partnership with Cleary Gottlieb and Ian Chin of Morrison & Foerster 12th Jan
Practice notes
A 10b-5 letter (also referred to as a 'disclosure letter') is a letter delivered to the underwriters by issuer's and underwriters' counsel in...
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Produced in partnership with Charles Farnsworth of Baker McKenzie and Adam Farlow of Baker McKenzie 12th Jan
Practice notes
Given the cross-border nature of many banking transactions, it is common for the principal legal advisors for lenders and borrowers to need to...
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9th Nov
Practice notes
The majority of secondary debt trades are conducted by telephone or by email. Following the trade call or email exchange, the parties will document...
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9th Nov
Practice notes
Legal opinions are one of the key documentary conditions precedent in loan transactions. The legal opinion is a letter which sets out opinions as to...
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9th Nov
Practice notes
This Practice Note considers the main terms included in standard form shipbuilding contracts. In particular, it looks at:•standard forms of the...
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9th Nov
Practice notes
Coronavirus (COVID-19): This Practice Note contains information on subjects potentially impacted by the government and regulators' responses to the...
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9th Nov
Practice notes
Shares are commonly offered as security for a loan in commercial lending transactions.Practice Note: Taking security over shares explains how to take...
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9th Nov

Most recent Rail finance content

Practice notes
Following privatisation, new passenger rolling stock was typically financed by the three original bank-owned rolling stock companies (ROSCOs) using...
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Produced in partnership with Bryan Cave Leighton Paisner LLP 8th Apr
Practice notes
The UK rail industry is governed by a web of statutory and non-statutory rules and regulations. Due to their importance in the context of rolling...
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Produced in partnership with Bryan Cave Leighton Paisner LLP 8th Apr
Practice notes
Once a rolling stock lessor has taken delivery of rolling stock from the manufacturer, its priorities will be to:•lease it to an operator (in order to...
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Produced in partnership with Bryan Cave Leighton Paisner LLP 8th Apr
Practice notes
New fleets of rolling stock for use in UK passenger operations are procured using a variety of different structures. The most straightforward...
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Produced in partnership with Bryan Cave Leighton Paisner LLP 8th Apr
Practice notes
New fleets of rolling stock for use in UK passenger operations are procured using a variety of different structures. The most straightforward...
Read More >
Produced in partnership with Bryan Cave Leighton Paisner LLP 8th Apr
Practice notes
Once a rolling stock lessor has taken delivery of rolling stock from the manufacturer, maintenance arrangements will be put in place to ensure that...
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Produced in partnership with Bryan Cave Leighton Paisner LLP 8th Apr
Practice notes
As an alternative to rolling stock being maintained by a maintenance provider pursuant to a train services agreement (TSA), an operator may choose to...
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Produced in partnership with Bryan Cave Leighton Paisner LLP 8th Apr

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