Completion and post-completion

Completion and post-completion guidance:

The lender's lawyers usually co-ordinate the execution of the finance documents either through a physical signing meeting or a virtual signing. The borrower's lawyers...

Practice Note

[To be printed on the headed paper of the entity submitting the form mr01] [insert date] To: [Companies House Crown Way Cardiff Wales CF14 3UZ [DX 33050 Cardiff] OR The...

Precedents

In some circumstances, a transaction will involve satisfying certain conditions after completion. These are known as 'conditions subsequent'. This may be as a result of...

Practice Note

After completion, the lawyers acting for the lender(s) will be responsible for distributing the original documentation and supplying copies of the key transaction...

Practice Note

The scope of this Practice Note This Practice Note explains how to register a charge at Companies House where the charge was created on or after 6 April 2013 by: • a...

Practice Note

Brexit impact As of exit day (31 January 2020) the UK is no longer an EU Member State. However, in accordance with the Withdrawal Agreement, the UK has entered an...

Practice Note

Different regimes imposed on overseas companies regarding registering security at Companies House The regime for registering charges created by overseas companies over...

Practice Note

Why is it necessary to perfect security? When a creditor takes security, it will be concerned with three issues: • whether the security is binding on the security...

Practice Note

For transactions which involve security, it is extremely important to ensure that all perfection requirements are dealt with after completion. The lawyers acting for the...

Practice Note

BREXIT: The UK is leaving the EU on Exit Day (as defined in the European Union (Withdrawal) Act 2018). This has an impact on this Practice Note. For guidance, see...

Practice Note

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 treated by the EU as a...

Practice Note

Once security is validly created it is binding as between the security provider and the secured party. However, the security is not necessarily binding on third parties...

Practice Note

Once security is validly created it is binding as between the security provider and the secured party. However, the security is not necessarily binding on third parties...

Practice Note

The table below summarises the steps which must be taken in respect of security granted by a UK company over certain types of assets in order to perfect the security....

Practice Note

The lender's lawyers will conduct due diligence on the borrower(s), any guarantors and any third party security providers (the obligors) at the start of the transaction....

Practice Note

Once the finance documents have been signed and the conditions precedent have been satisfied (or waived in writing), there are a few final tasks that need to be...

Practice Note

The scope of this Practice Note This Practice Note explains the regime for solving problems with registering a charge at Companies House where the charge was created on...

Practice Note

At signing Execution of finance documents Name of documentForm of agreementTo be executed by or on behalf ofSignatoriesExecuted? Facility agreementSimple contract[insert...

Precedents

The scope of this Practice Note This Practice Note explains the regime for registering charges at Companies House where the charge was created on or after 6 April 2013...

Practice Note
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