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Precedents
[To be printed on the headed paper of the lender][insert date]To:[insert name and address of borrower]Dear [insert full name of borrower]1We refer to...
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19th May
Practice notes
European PIK loan facilitiesThis Practice Note provides information on European PIK loan facilities (PIK facilities). It discusses:•the key features...
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Produced in partnership with Susan Whitehead, Consultant at Hogan Lovells and Penny Angell, Partner at Hogan Lovells 19th May
Practice notes
Introduction to fund finance—capital call facilitiesThis Practice Note discusses:•what is meant by capital call facilities, NAV, or asset backed...
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Produced in partnership with Leon Stephenson of Reed Smith 19th May
Practice notes
Increased costsThis Practice Note considers the costs that a lender will incur when providing funding to a borrower and the steps that it will take...
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19th May
Practice notes
Perfecting securityIP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation period entered into...
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19th May
Practice notes
Synthetic securitisationsWhat is a securitisation?Securitisation is a technique used to finance the ownership or sale of types of assets that would...
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19th May
Practice notes
Bilateral, syndicated and club arrangementsOne of the features used to categorise loans is the number of lenders involved. A loan involving one lender...
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19th May
Practice notes
Pre-export finance—key terms in the facility agreementPre-export finance (PXF) is an established structure used to provide finance to producers of...
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Produced in partnership with Dentons 19th May
Practice notes
Derivatives—ISDA documentation frameworkThe International Swaps and Derivatives Association, Inc. (ISDA) is an association for participants in the...
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19th May
Practice notes
The facility agentThis Practice Note covers the duties and role of the facility agent (defined in the Loan Market Association (LMA) documentation as...
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19th May
Precedents
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...
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19th May
Practice notes
Transferring a loan by equitable assignmentAssignment is a means by which a lender can transfer its interest in a loan to another lender.For an...
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19th May
Precedents
[TO BE PRINTED ON THE HEADED PAPER OF THE LENDER][insert name and address of borrower][insert date]Dear [insert full name of borrower]We offer to...
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19th May
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...
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19th May
Practice notes
Crystallisation of floating chargesThe key feature of a floating charge is that, until it crystallises, the chargor is entitled to deal with the...
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19th May
Precedents
[To be printed on the headed paper of the lender][insert date]To:[insert name and address of borrower]Dear [insert name of borrower],We are pleased to...
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19th May

Most recent Q&As content

Q&As
How will company voluntary arrangement meetings be conducted if physical meetings are no longer possible or practical as a result of coronavirus...
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Produced in partnership with Aman Sehgal of Keystone Law 18th Aug
Q&As
What happens if the requisite threshold of creditors request a physical meeting during the COVID-19 crisis?This advice is current as at 26 March 2020...
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Produced in partnership with Helen Kavanagh 18th Aug
Q&As
A company in voluntary liquidation owns assets charged to a lender and subject to a registered charge. Can the liquidators sell the charged assets...
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Produced in partnership with Oberon Kwok of Selborne Chambers 18th Aug
Q&As
At what stage can a company exiting administrative receivership be bound by its directors?This Q&A focuses on the full resumption of the directors'...
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18th Aug
Q&As
Is it possible to take a statutory declaration by Skype video or similar technology?Statutory declarations are a necessary part of insolvency...
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Produced in partnership with Philip Patterson of Gatehouse Chambers 18th Aug
Q&As
Is a void payment under the Insolvency Act 1986, s 127 available for set-off?STOP PRESS: From 6 April 2017, the Insolvency Rules 1986, SI 1986/1925...
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18th Aug
Q&As
Can an unsecured creditor assign its debt in an administration estate?A party wishing to file a claim for their debt in an administration must submit...
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Produced in partnership with Eleanor Stephens 18th Aug
Q&As
Where a UK company makes a loan to its non-UK subsidiary, what is the governing law of that loan agreement in circumstances where there is no...
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18th Aug
Q&As
Can and should you register a charging order (following County Court Judgment) against a company at Companies House?The registration regime for...
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18th Aug
Q&As
Does a professional trustee, for example, a pension trustee, have to register at Companies House, a charge granted by it over property which it holds...
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16th Aug
Q&As
What is the quoted eurobond exemption?IP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation period...
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16th Aug
Q&As
What is the impact of Brexit on the drafting of tax covenants and warranties?At the moment, none.Brexit may eventually alter the way in which tax...
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Produced in partnership with Patrick Ford of Squire Patton Boggs 16th Aug
Q&As
Brexit: Can UK businesses now ignore the proposed EU financial transactions tax?There are two schools of thought on how Brexit may prevent the...
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Produced in partnership with Hilary Barclay of Burges Salmon 16th Aug
Q&As
What is a ‘financial asset’ under the Taxation of Securitisation Companies Regulations 2006 (SI 2006/3296)?‘Financial asset’ is defined in regulation...
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16th Aug
Q&As
When would preference shares fall under the shares as debt rules and hence the dividend payments would fall to be taxed as debt as opposed to...
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16th Aug
Q&As
What is the impact of a potential Brexit on the tax drafting in loan agreements?None, provided the loan agreement is in Loan Market Association (LMA)...
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Produced in partnership with Eloise Walker of Pinsent Masons 16th Aug
Q&As
Do MiFIR pre- and post-trade transparency requirements apply to transactions in Euro Commercial Paper (ECP)?IP COMPLETION DAY: 11pm (GMT) on 31...
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13th Aug
Q&As
What information should go into the summary according to the new Prospectus Regulation?IP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end...
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13th Aug
Q&As
What is the sifting process for Brexit legislation?Under the European Union (Withdrawal) Act 2018 (EU(W)A 2018), before certain proposed statutory...
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12th Aug
Q&As
Could the Brexit transition period be extended due to coronavirus (COVID-19)?Responding to the coronavirus (COVID-19) pandemic is impacting government...
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12th Aug

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