menu-search
LEXISNEXIS_ICON4_SIGNINSign-in LEXISNEXIS_ICONS_SUPPORTHelp

Quasi-security

View Banking & Finance by content type:

News
Practice notes
Precedents
Q&As

Latest Banking & Finance News

Term SOFR—what is the impact of the ARRC recommendation?

Term SOFR—what is the impact of the ARRC recommendation?

The following Banking & Finance news provides comprehensive and up to date legal information on Term SOFR—what is the impact of the ARRC recommendation?

Path to COP26—Net Zero Disputes—key risks

Path to COP26—Net Zero Disputes—key risks

The following Banking & Finance news provides comprehensive and up to date legal information on Path to COP26—Net Zero Disputes—key risks

Banking and Finance weekly highlights—29 July 2021

Banking and Finance weekly highlights—29 July 2021

The following Banking & Finance news provides comprehensive and up to date legal information on Banking and Finance weekly highlights—29 July 2021

Road to COP26—exploring the role of private finance

Road to COP26—exploring the role of private finance

The following Banking & Finance news provides comprehensive and up to date legal information on Road to COP26—exploring the role of private finance

Featured Banking & Finance content

Floating charges

Floating charges

Floating chargesIP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation period entered into following...

Types of debt securities

Types of debt securities

Types of debt securitiesIP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation period entered into...

Legal opinions—uses, scope and structure

Legal opinions—uses, scope and structure

Legal opinions—uses, scope and structureLegal opinions are used in the vast majority of financing transactions. They are usually either a condition...

Drafting and negotiating the facility agreement

Drafting and negotiating the facility agreement

Drafting and negotiating the facility agreementThis Practice Note covers the typical structure of facility agreements and the key terms and provisions...

Practice notes

Credit linked notes

Credit linked notesIP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation period entered into...
Read More >
19th May
Practice notes

What are credit derivatives?

What are credit derivatives?IP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation period entered...
Read More >
19th May
Q&As

A legal charge over property was registered at Companies House. Form MR01 did not say that there was a negative pledge, when there was actually a negative pledge in the document. Form MR01 with the mistake was approved and added to the register at Companies House. The charge was registered correctly with the Land Registry. Does the Companies House error need to be corrected by court order or is the charge enforceable with the error?

A legal charge over property was registered at Companies House. Form MR01 did not say that there was a negative pledge, when there was actually a...
Read More >
19th May
Practice notes

Term Loan B facilities

Term Loan B facilitiesThis Practice Note discusses Term Loan B (TLB) facilities which frequently appear as a tranche of senior facilities in...
Read More >
Produced in partnership with Carlo de Vito Piscicelli of Cleary Gottlieb Steen & Hamilton 19th May
Practice notes

Exchange traded derivatives

Exchange traded derivativesIP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation period entered into...
Read More >
19th May
Practice notes

European PIK loan facilities

European PIK loan facilitiesThis Practice Note provides information on European PIK loan facilities (PIK facilities). It discusses:•the key features...
Read More >
Produced in partnership with Susan Whitehead, Consultant at Hogan Lovells and Penny Angell, Partner at Hogan Lovells 19th May
Practice notes

Increased costs

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...
Read More >
19th May
Practice notes

Derivatives—ISDA documentation framework

Derivatives—ISDA documentation frameworkThe International Swaps and Derivatives Association, Inc. (ISDA) is an association for participants in the...
Read More >
19th May
Practice notes

Transferring a loan by equitable assignment

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...
Read More >
19th May
Practice notes

Crystallisation of floating charges

Crystallisation of floating chargesThe key feature of a floating charge is that, until it crystallises, the chargor is entitled to deal with the...
Read More >
19th May
Practice notes

Borrowing base facilities—structure, key terms and risks

Borrowing base facilities—structure, key terms and risksWhat is a borrowing base facility?Borrowing base facilities ('BB Facilities') are a type of...
Read More >
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 and how is it used in the ISDA credit support documentation?What is credit support?Credit support is a means of a party...
Read More >
19th May
Practice notes

Borrowing base facilities—key terms in the facility agreement

Borrowing base facilities—key terms in the facility agreementA borrowing base facility ('BB Facility') is a working capital line designed to provide...
Read More >
Produced in partnership with Dentons 19th May
Q&As

What is the quoted eurobond exemption?

What is the quoted eurobond exemption?IP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation period...
Read More >
19th May
Practice notes

Third party security

Third party securityIn many commercial finance transactions, lenders expect to be given some form of credit support to increase their confidence in...
Read More >
19th May
Practice notes

Direct agreements in project finance transactions

Direct agreements in project finance transactionsWhat is a direct agreement?Direct agreements are very common in project finance transactions. A...
Read More >
19th May
tag iconSustainable Business Toolkit

Most recent Quasi-security content

Precedents

Standby letter of credit (irrevocable)

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...
Read More >
3rd Aug
Practice notes

What is set-off and when is it available?

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...
Read More >
3rd Aug
tag iconIn-house
Practice notes

Third party security

Third party securityIn many commercial finance transactions, lenders expect to be given some form of credit support to increase their confidence in...
Read More >
2nd Aug
Practice notes

Guarantees—commercial benefit

Guarantees—commercial benefitOnce the capacity and authority of a company to enter into a guarantee have been investigated, the next step is to...
Read More >
2nd Aug
Q&As

Why are set-off clauses included in finance documents?

Why are set-off clauses included in finance documents?Parties’ rights are often defined, restricted or excluded by a specific contractual clauses...
Read More >
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?

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...
Read More >
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 overdrawn current account?

If a limited liability partnership goes into administration, can a partner set-off a capital account (in credit) against amounts outstanding on an...
Read More >
1st Aug
Q&As

Is there anything to prevent a bankrupt from giving a guarantee?

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...
Read More >
1st Aug
Q&As

Is a guarantee given over email valid?

Is a guarantee given over email valid?SummaryProvided that the other requirements for creating a contract are met, a guarantee can be validly created...
Read More >
Produced in partnership with Albert Sampson 1st Aug
Q&As

Can a director, who personally settles a company’s debt as a result of a personal guarantee they provided, then reclaim from the company in administration the sums they paid under the guarantee for the amount the company owed to the creditor?

Can a director, who personally settles a company’s debt as a result of a personal guarantee they provided, then reclaim from the company in...
Read More >
1st Aug
Q&As

Would a director's unsecured liability under a personal guarantee be caught by the breathing space in the new Debt Respite Scheme (Breathing Space Moratorium and Mental Health Crisis Moratorium) (England and Wales) Regulations 2020, SI 2020/1311?

Would a director's unsecured liability under a personal guarantee be caught by the breathing space in the new Debt Respite Scheme (Breathing Space...
Read More >
31st Jul
Q&As

In what circumstances do I really need to worry about commercial (or corporate) benefit?

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...
Read More >
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 guaranteed?

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...
Read More >
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?

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...
Read More >
Produced in partnership with Brian Cain 31st Jul
Q&As

Does a guarantee have to be executed as a deed?

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...
Read More >
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?

I am acting for a lender who wants to make a demand under a guarantee—what considerations are there before making the demand?Contractual...
Read More >
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?

When can a guarantor voluntarily revoke its liability under a guarantee?Guarantees are a contractual arrangement where one party (the guarantor)...
Read More >
Produced in partnership with Tom Stewart Coats of XXIV Old Buildings 31st Jul
Q&As

Would rights of set-off extend to monies held in a security account secured in favour of a third party lender? Presumably, contractual set-off could be stopped by giving notice of the charge over the account to the bank? However, would it be possible to prevent insolvency set-offs by giving notice of the charge to the bank?

Would rights of set-off extend to monies held in a security account secured in favour of a third party lender? Presumably, contractual set-off could...
Read More >
31st Jul
Q&As

What is the banker’s right of set-off?

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...
Read More >
Produced in partnership with Richard Hanke of 3 Verulam Buildings (3VB) 31st Jul
Q&As

If a guarantor has granted a limited guarantee (capped at a specific figure) to a lender together with an unlimited indemnity, can the lender claim an amount under the unlimited indemnity in excess of the capped amount under the limited guarantee?

If a guarantor has granted a limited guarantee (capped at a specific figure) to a lender together with an unlimited indemnity, can the lender claim an...
Read More >
31st Jul

Popular documents

Admissibility of hearsay evidence in criminal proceedings

Admissibility of hearsay evidence in criminal proceedings

Admissibility of hearsay evidence in criminal proceedingsHow to identify hearsayThe definition of hearsay is contained in the Criminal Justice Act 2003 (CJA 2003). It comprises of four essential elements.There must be:•a statement•made out of court•relied on for the truth of the matter stated,

179. List of offences triable either way.

179. List of offences triable either way.

Without prejudice to any other enactment by virtue of which any offence is triable either way1, the following offences are triable either way2: (1)     offences at common law of public nuisance3; (2)     an offence at common law of outraging public decency4; (3)     administering an oath etc

The Financial Assistance Scheme—what are the available benefits?

The Financial Assistance Scheme—what are the available benefits?

The Financial Assistance Scheme—what are the available benefits?THIS PRACTICE NOTE APPLIES TO SCHEMES ENTERING THE FINANCIAL ASSISTANCE SCHEME FROM 1 JANUARY 2012.Where a scheme, its employer(s) and individual members have satisfied the criteria for eligibility into the Financial Assistance Scheme

Methods of statutory interpretation used to resolve ambiguities in legislation

Methods of statutory interpretation used to resolve ambiguities in legislation

Methods of statutory interpretation used to resolve ambiguities in legislationIP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation period entered into following the UK’s withdrawal from the EU. At this point in time (referred to in UK law as ‘IP