LMA commentary and developments

View Banking & Finance by content type:

Latest Banking & Finance News

Featured Banking & Finance content

Practice notes
This Practice Note provides an introduction to intercreditor agreements and their key provisions. This Practice Note:•explains the purpose of having...
Read More >
9th Nov
Precedents
This Deed is made on [insert day and month] 20[insert year]Parties1[Insert name of Chargor], a company incorporated in England and Wales with...
Read More >
9th Nov
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...
Read More >
9th Nov
Practice notes
The vast majority of derivative transactions are documented by standard documentation developed and published by the International Swaps and...
Read More >
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
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
This Practice Note considers:•the purpose of events of default included in facility agreements•common events of default relating to borrowers and...
Read More >
9th Nov
Practice notes
On an acquisition finance transaction, the borrowing group, in addition to the debt (whether loans or bonds) required to fund the transaction, will...
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...
Read More >
9th Nov
Practice notes
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...
Read More >
9th Nov
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...
Read More >
9th Nov
Practice notes
Summary of advantages and disadvantages of the floating chargeThis Practice Note discusses the advantages and disadvantages of taking a floating as...
Read More >
9th Nov
Practice notes
In summary, a market disruption clause sets out how interest is calculated for a loan if a lender’s cost of funding the loan is in excess of London...
Read More >
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...
Read More >
9th Nov
Practice notes
Documents for a typical project finance transaction can be split into three broad categories:•finance documents—the finance documents govern the debt...
Read More >
9th Nov
Practice notes
Coronavirus (COVID-19): This Practice Note contains information on subjects potentially impacted by the government and regulators' responses to the...
Read More >
9th Nov

Most recent LMA commentary and developments content

Practice notes
When are mandate letters used?Mandate letters are typically signed at the start of a transaction, and are often attached to an agreed term sheet. They...
Read More >
14th Apr
Practice notes
STOP PRESS: The Pension Schemes Act 2021 received royal assent on 11 February 2021 and introduces a framework of new measures, with the detail to be...
Read More >
14th Apr
Practice notes
This Practice Note considers:•the purpose of events of default included in facility agreements•common events of default relating to borrowers and...
Read More >
14th Apr
Practice notes
IP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation period entered into following the UK’s...
Read More >
14th Apr
Practice notes
This Practice Note considers the meaning of representations and warranties under general contract law. It looks at their purpose in the context of...
Read More >
14th Apr
Practice notes
This Practice Note looks at:•issues that sanctions can pose on lending transactions•the key provisions of the facility agreement that must be...
Read More >
14th Apr
Practice notes
Loan Market Association (LMA) term sheet precedentThis precedent is drafted to be used alongside the LMA mandate letter precedent and the LMA's...
Read More >
14th Apr
Practice notes
This Practice Note explains what undertakings, or covenants, are and the usual types of undertaking found in facility documentation recording a...
Read More >
14th Apr
Practice notes
The concepts of material adverse change (MAC) and material adverse effect (MAE) are used in different but related ways in a typical facility...
Read More >
14th Apr
Practice notes
This Practice Note discusses:•the purpose of and typical representations in a leveraged senior facilities agreement (SFA) and how these differ from...
Read More >
14th Apr
Practice notes
IP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation period entered into following the UK’s...
Read More >
Produced in partnership with Oliver Hensby of RBS 14th Apr
Practice notes
IP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation period entered into following the UK’s...
Read More >
14th Apr
Practice notes
IP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation period entered into following the UK’s...
Read More >
Produced in partnership with RPC 14th Apr
Practice notes
IP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation period entered into following the UK’s...
Read More >
14th Apr
Practice notes
IP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation period entered into following the UK’s...
Read More >
Produced in partnership with Herman Park of Akin Gump Strauss Hauer & Feld and Robert Aulsebrook of Akin Gump Strauss Hauer & Feld 14th Apr
Practice notes
This Practice Note contains a summary of the latest news from the Loan Market Association (LMA) on LMA documentation and related topics. It is updated...
Read More >
12th Apr
Practice notes
Term sheets in acquisition finance transactions are generally extensively negotiated, and include a lot of the detail which will eventually be...
Read More >
8th Apr
Practice notes
Most facility agreements require the borrower(s) to prepay all or part of the facility on the occurrence of certain events, known as mandatory...
Read More >
8th Apr
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...
Read More >
8th Apr
Practice notes
In summary, a market disruption clause sets out how interest is calculated for a loan if a lender’s cost of funding the loan is in excess of London...
Read More >
8th Apr

Popular documents