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Practice notes
Credit linked notesIP 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
What are credit derivatives?IP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation period entered...
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19th May
Practice notes
Term Loan B facilitiesThis Practice Note discusses Term Loan B (TLB) facilities which frequently appear as a tranche of senior facilities in...
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Produced in partnership with Carlo de Vito Piscicelli of Cleary Gottlieb Steen & Hamilton 19th May
Practice notes
Exchange traded derivativesIP 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
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
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
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
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
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
Practice notes
Borrowing base facilities—structure, key terms and risksWhat is a borrowing base facility?Borrowing base facilities ('BB Facilities') are a type of...
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Produced in partnership with Dentons 19th May
Practice notes
What is credit support and how is it used in the ISDA credit support documentation?What is credit support?Credit support is a means of a party...
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19th May
Practice notes
Borrowing base facilities—key terms in the facility agreementA borrowing base facility ('BB Facility') is a working capital line designed to provide...
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Produced in partnership with Dentons 19th May
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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19th May
Practice notes
Third party securityIn many commercial finance transactions, lenders expect to be given some form of credit support to increase their confidence in...
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19th May
Practice notes
Direct agreements in project finance transactionsWhat is a direct agreement?Direct agreements are very common in project finance transactions. A...
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19th May

Most recent Quasi-security content

Precedents
Standby letter of credit (irrevocable)[TO BE PRINTED ON THE HEADED PAPER OF THE ISSUING BANK]To:[insert name and address of beneficiary]Date: [insert...
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3rd Aug
Practice notes
What is set-off and when is it available?Set-off is a complex yet important concept in legal proceedings generally and for many different types of...
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3rd Aug
Practice notes
Third party securityIn many commercial finance transactions, lenders expect to be given some form of credit support to increase their confidence in...
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2nd Aug
Practice notes
Guarantees—commercial benefitOnce the capacity and authority of a company to enter into a guarantee have been investigated, the next step is to...
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2nd Aug
Q&As
Why are set-off clauses included in finance documents?Parties’ rights are often defined, restricted or excluded by a specific contractual clauses...
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Produced in partnership with Thomas Samuels of Gough Square Chambers 1st Aug
Q&As
Can a creditor claim in a liquidation where their debt is secured against a third party guarantor's property?A guarantee is an agreement between one...
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1st Aug
Q&As
If a limited liability partnership goes into administration, can a partner set-off a capital account (in credit) against amounts outstanding on an...
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1st Aug
Q&As
Is there anything to prevent a bankrupt from giving a guarantee?Where an individual is an undischarged bankrupt (or a discharged bankrupt subject to a...
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1st Aug
Q&As
Is a guarantee given over email valid?SummaryProvided that the other requirements for creating a contract are met, a guarantee can be validly created...
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Produced in partnership with Albert Sampson 1st Aug
Q&As
In what circumstances do I really need to worry about commercial (or corporate) benefit?This Q&A explains when it is necessary to analyse whether an...
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Produced in partnership with Brian Cain 31st Jul
Q&As
Can the beneficiary of a guarantee claim amounts under a guarantee in addition to the amounts owed to it from the principal debtor which have been...
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31st Jul
Q&As
Can a lender set off an unmatured liability of its borrower against a credit balance on the borrower’s deposit account?This Q&A discusses the rights...
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Produced in partnership with Brian Cain 31st Jul
Q&As
Does a guarantee have to be executed as a deed?No, a guarantee does not have to be executed as a deed. A guarantee can be executed as a deed or as an...
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31st Jul
Q&As
I am acting for a lender who wants to make a demand under a guarantee—what considerations are there before making the demand?Contractual...
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Produced in partnership with Ian Higgins of 3 Verulam Buildings (3VB) 31st Jul
Q&As
When can a guarantor voluntarily revoke its liability under a guarantee?Guarantees are a contractual arrangement where one party (the guarantor)...
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Produced in partnership with Tom Stewart Coats of XXIV Old Buildings 31st Jul
Q&As
What is the banker’s right of set-off?The banker’s right of set-off refers to the right of a bank to combine two or more of a customer’s accounts held...
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Produced in partnership with Richard Hanke of 3 Verulam Buildings (3VB) 31st Jul

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