Development of the Loan Market Association (LMA) documentationThe project to develop the LMA investment grade documents began in 1998 as a response to...
This Practice Note explains the features of three common types of loan facility:•overdrafts•term loans, and•revolving credit facilities (RCFs)It also...
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...
In many commercial finance transactions, lenders expect to be given some form of credit support to increase their confidence in being able to recover...
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...
Documents for a typical project finance transaction can be split into three broad categories:•finance documents—the finance documents govern the debt...
We refer you to the following Practice Notes set out below, found in the LexisPSL® Commercial module subtopic Contract termination—overview, which may...
Can I terminate a fixed term commercial contract early?We have a contract with another organisation, which is for a fixed term. However, we would like...
In answering this Q&A, we have assumed that the contract in question is a business to business (B2B) contract.From a practical perspective, much will...
There appears to be no reported case where, in this sort of scenario, the borrower has succeeded in suing the bank (for examples of failed attempts to...
There is no judicially accepted definition of the term ‘force majeure’, so what the parties mean by it must be expressly set out in the contract (ie...
What is the doctrine of frustration?If the contract does not include a force majeure clause or it does but the applicable force majeure event is not...
This Practice Note considers the court’s approach when there is dispute as to which party’s terms and conditions govern their contract in a ‘battle of...
This Practice Note describes what an actionable misrepresentation is, the essential elements of the Misrepresentation Act 1967 (MA 1967) and provides...