Quasi-security

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Practice notes
What are incremental facilities?An incremental facility is feature included in a credit agreement where, subject to meeting certain pre-agreed...
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Produced in partnership with Osborne Clarke 12th Jan
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...
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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...
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9th Nov
Practice notes
Assignments by way of security can take different forms and it is important to understand how they are created and their effect. Security over choses...
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9th Nov
Practice notes
Subordination is a way of changing the priority of claims against a debtor so that one creditor or group of creditors (the junior creditor(s)) agree...
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9th Nov
Practice notes
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...
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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...
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9th Nov
Practice notes
This Practice Note lists hot topics (with links to the appropriate materials) that may be of interest to Banking & Finance lawyers. It is updated...
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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...
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9th Nov
Practice notes
There are times when a lender might want to get back some of the money it has lent to a borrower before the borrower is due to repay it.If the...
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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...
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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...
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9th Nov
Practice notes
Legal opinions are one of the key documentary conditions precedent in loan transactions. The legal opinion is a letter which sets out opinions as to...
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9th Nov
Practice notes
What is a borrowing base facility?Borrowing base facilities ('BB Facilities') are a type of trade finance. They are working capital credit facilities...
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Produced in partnership with Dentons UK and Middle East LLP 12th Jan
Precedents
[insert date]To:[insert full name and address of lender]Dear [insert full name of lender]I am a director of [insert full name of borrower] (the...
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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...
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9th Nov

Most recent Quasi-security content

Practice notes
Contractual set-off is one of the five main types of set-off described in Practice Note: Types of set-off.Contractual set-off arises where a right of...
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13th Apr
Precedents
Warning to the GUARANTOR: before you sign this guarantee, you should seek independent legal advice on the nature of the obligations you are...
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13th Apr
Precedents
Warning to the Guarantor: before you sign this guarantee, you should seek independent legal advice on the nature of the obligations you are...
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13th Apr
Precedents
Warning to the GUARANTOR: Before you sign this guarantee, you should seek independent legal advice on the nature of the obligations you are...
Read More >
13th Apr
Precedents
Warning to the GUARANTOR: before you sign this guarantee, you should seek independent legal advice on the nature of the obligations you are...
Read More >
13th Apr
Practice notes
Coronavirus (COVID-19):•The Bounce Back Loan Scheme (BBLS), Coronavirus Business Interruption Loan Scheme (CBILS) and Coronavirus Large Business...
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13th Apr
Practice notes
Coronavirus (COVID-19): The Coronavirus Business Interruption Loan Scheme (the CBILS) and the Coronavirus Large Business Interruption Loan Scheme (the...
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13th Apr
Practice notes
Standby letters of credit are a type of letter of credit.The common feature of all letters of credit is an undertaking by a bank to pay the...
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12th Apr
Practice notes
For information on set-off in general, see Practice Note: What is set-off and when is it available?When is set-off relevant to finance...
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8th Apr
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...
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8th Apr
Practice notes
The terminology surrounding on demand guarantees and bonds can be confusing. On demand guarantees and on demand bonds typically perform the same...
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8th Apr
Practice notes
The terms security and quasi-security are frequently used in relation to finance transactions. This Practice Note considers the term security in the...
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8th Apr
Practice notes
This Practice Note sets out certain key cases and associated relevant content in relation to set-off. The cases are divided by topic area and...
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8th Apr
Practice notes
Comfort letters are encountered in finance transactions relatively often. They take different forms and it is important from both the lender's...
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8th Apr
Practice notes
Although it commonly arises in the context of disputes, and therefore litigation, set-off is essentially a matter of substantive law.This Practice...
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8th Apr
Practice notes
This Practice Note looks at releasing a guarantor by agreement between the parties but it is important to note that there are a number of other...
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8th Apr
Practice notes
Guarantees are a contractual arrangement where one party (the guarantor) agrees to answer for the liability of another party (the principal) to...
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8th Apr
Practice notes
Guarantees are typically used in banking transactions as a form of collateral for a debt. For information on the characteristics of guarantees, see...
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8th Apr
Practice notes
This Practice Note sets out certain key cases and associated relevant content in relation to guarantees. The cases are divided by topic area and...
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8th Apr
Practice notes
It is often the case that financing transactions require guarantees to be given by more than one guarantor. For example, guarantees might be required...
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8th Apr

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