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UK joins US in implementing a global anti-corruption sanctions regime

The following Banking & Finance news provides comprehensive and up to date legal information on UK joins US in implementing a global anti-corruption sanctions regime

Banking and Finance weekly highlights—6 May 2021

The following Banking & Finance news provides comprehensive and up to date legal information on Banking and Finance weekly highlights—6 May 2021

Analysing the FCA’s proposed changes to the Listing Rules for special purpose acquisition companies (SPACs)

The following Banking & Finance news provides comprehensive and up to date legal information on Analysing the FCA’s proposed changes to the Listing Rules for special purpose acquisition companies (SPACs)

Banking & Finance—April 2021 case round-up

The following Banking & Finance news provides comprehensive and up to date legal information on Banking & Finance—April 2021 case round-up

Featured Banking & Finance content

Taking security over uncertificated shares held in CREST

Shares are commonly offered as security for a loan in commercial lending transactions.Practice Note: Taking security over shares explains how to take...

Project finance—key finance documents

Documents for a typical project finance transaction can be split into three broad categories:•finance documents—the finance documents govern the debt...

Guarantee and indemnity: cross guarantee from group companies—bilateral—all monies

This Deed of guarantee and indemnity is made on [insert day and month] 20[insert year]Parties1[Insert name of Guarantor], a company incorporated in...

Shipbuilding contracts

This Practice Note considers the main terms included in standard form shipbuilding contracts. In particular, it looks at:•standard forms of the...

Practice notes

Borrowing base facilities—structure, key terms and risks

What is a borrowing base facility?Borrowing base facilities ('BB Facilities') are a type of trade finance. They are working capital credit facilities...

Produced in partnership with Dentons UK and Middle East LLP 12th Jan

Practice notes

Instructing and managing local counsel

Given the cross-border nature of many banking transactions, it is common for the principal legal advisors for lenders and borrowers to need to...

9th Nov

Practice notes

Key issues in loan transfers

There are times when a lender might want to get back some of the money it has lent to a borrower before the borrower is due to repay it.If the...

9th Nov

Practice notes

Bridge to bond facilities

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...

Produced in partnership with Cleary Gottlieb and Ian Chin of Morrison & Foerster 12th Jan

Practice notes

Transferring a loan by sub-participation

Sub-participation is a means by which a lender can transfer its risk in a loan to another lender. For an overview of the reasons why a lender might...

9th Nov

Practice notes

Increased costs

This Practice Note considers the costs that a lender operating in the interbank market will incur when providing funding to a borrower and the steps...

9th Nov

Practice notes

On demand guarantees and bonds

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...

9th Nov

Practice notes

Crystallisation of floating charges

The key feature of a floating charge is that, until it crystallises, the chargor is entitled to deal with the charged assets in the normal course of...

9th Nov

Practice notes

Acquisition finance—ancillary facilities

On an acquisition finance transaction, the borrowing group, in addition to the debt (whether loans or bonds) required to fund the transaction, will...

9th Nov

Practice notes

Events of default

This Practice Note considers:•the purpose of events of default included in facility agreements•common events of default relating to borrowers and...

9th Nov

COVID-19

In-house

Practice notes

What is securitisation?

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...

9th Nov

Practice notes

Incremental debt flexibility or accordion features

What are incremental facilities?An incremental facility is feature included in a credit agreement where, subject to meeting certain pre-agreed...

Produced in partnership with Osborne Clarke 12th Jan

Practice notes

Types of debt securities

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...

9th Nov

Practice notes

Intercreditor agreement—key provisions

This Practice Note provides an introduction to intercreditor agreements and their key provisions. This Practice Note:•explains the purpose of having...

9th Nov

Practice notes

Foreign exchange (FX) derivatives

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...

9th Nov

Practice notes

Loan Market Association (LMA)—news on documentation [Archived]

This Practice Note is an archive of news from the Loan Market Association (LMA) on LMA documentation and related topics. It covers LMA updates from...

9th Nov

Most recent Asset finance content

Precedents

Charter assignment: for a ship finance transaction

This Deed is made on [insert day and month] 20[insert year]Parties1[insert name of Owner], a company incorporated in [England and Wales] with...

15th Mar

Precedents

Deed of covenant: for a ship mortgage

This Deed is made on [insert day and month] 20[insert year]Parties1[insert name of Owner], a company incorporated in [England and Wales] with...

15th Mar

Practice notes

Getting the Deal Through: Insurance Litigation 2021

Jurisdictions coveredThe following jurisdictions are covered in this report:Brazil; Chile; China; France; India; Pakistan; South Korea; Sweden;...

11th Mar

Precedents

Charter novation agreement: for a ship finance transaction

This DEED is made on [insert day and month] 20[insert year]Parties1[insert name of Owner], a company incorporated in [England and Wales] with...

26th Feb

Practice notes

Getting the Deal Through: Insurance & Reinsurance 2020

Jurisdictions coveredThe following jurisdictions are covered in this report:Austria; Canada; China; European Union; Germany; India; Italy; Japan;...

26th Feb

Practice notes

Superyacht finance—insurance issues

IntroductionThis Practice Note outlines some of the central features of English insurance law, their application to yachts in particular, and the...

Produced in partnership with Ince & Co 26th Feb

Practice notes

Superyacht finance—key characteristics of superyacht finance

This Practice Note provides an overview of the main issues to be considered in relation to superyacht finance. Whilst the law underpinning yacht...

Produced in partnership with Ince & Co 26th Feb

Practice notes

Superyacht finance—sale and purchase of superyachts

This Practice Note details those aspects of the sale and purchase of superyachts that notably differ from similar transactions involving commercial...

Produced in partnership with Ince & Co 26th Feb

In-house

Precedents

Notice of charter assignment: for a ship finance transaction

m.v. [insert name of vessel] the Ship)Dated: [insert date]To: [insert name of charterer]We, [insert name of owners], the Owners of the Ship, hereby...

26th Feb

Practice notes

Guide to airline insolvency—insolvency proceedings, receivership and schemes of arrangement

This Practice Note forms part of a set of Practice Notes on airline insolvency, for further information, see Practice Notes:•Guide to airline...

Produced in partnership with Mark Craggs of Norton Rose Fulbright 22nd Feb

Precedents

Insurance broker’s letter of undertaking: for a ship finance transaction

To: The mortgagee/lessor/guarantorDear Sirsm.v. '[name of vessel]'—[name of owner]We confirm that we have effected insurances for the account of the...

13th Feb

Precedents