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UK should diverge from EU’s green-finance taxonomy, former lawmaker Swinburne says

The following Banking & Finance news provides comprehensive and up to date legal information on UK should diverge from EU’s green-finance taxonomy, former lawmaker Swinburne says

Comment—UK lenders square up to tricky task of clawing back Covid-19 loans

The following Banking & Finance news provides comprehensive and up to date legal information on Comment—UK lenders square up to tricky task of clawing back Covid-19 loans

Comment—EU green-finance plans may leave multinationals out in the cold

The following Banking & Finance news provides comprehensive and up to date legal information on Comment—EU green-finance plans may leave multinationals out in the cold

Agency—undisclosed commission—rescission—whether fiduciary relationship required (Wood v Commercial First Business)

The following Banking & Finance news provides comprehensive and up to date legal information on Agency—undisclosed commission—rescission—whether fiduciary relationship required (Wood v Commercial First Business)

Featured Banking & Finance content

Term Loan B facilities

This Practice Note discusses Term Loan B (TLB) facilities which frequently appear as a tranche of senior facilities in syndicated loans in leveraged...

Common financial covenants

This Practice Note explains certain common financial covenants used in commercial finance transactions including:•minimum net worth test•gearing...

Loan Market Association (LMA)—news on documentation [Archived]

This Practice Note is an archive of news from the Loan Market Association (LMA) on LMA documentation and related topics. It covers LMA updates from...

Fixed and floating charges

There are four main types of security available under English law: •mortgage•charge•pledge, and•lienThis Practice Note explains:•the nature of a...

Practice notes

Loan Market Association (LMA) leveraged documentation

Development of the Loan Market Association (LMA) documentationThe project to develop the LMA investment grade documents began in 1998 as a response to...

9th Nov

Practice notes

Synthetic securitisations

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...

9th Nov

Practice notes

Drafting and negotiating the facility agreement

This Practice Note covers the typical structure of facility agreements and the key terms and provisions that will be included. It examines the process...

9th Nov

Practice notes

Overdrafts, term loans and revolving credit facilities

This Practice Note explains the features of three common types of loan facility:•overdrafts•term loans, and•revolving credit facilities (RCFs)It also...

9th Nov

In-house

Practice notes

Introduction to fund finance—capital call facilities

What is a 'capital call facility'?A capital call facility is a form of finance provided by a lender to a fund and typically secured against investors’...

Produced in partnership with Peter Olds of Cleary, Gottlieb, Steen & Hamilton 12th Jan

Practice notes

Subordination

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...

9th Nov

Practice notes

Crystallisation of floating charges

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...

9th Nov

Practice notes

On demand guarantees and bonds

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...

9th Nov

Practice notes

Increased costs

This Practice Note considers the costs that a lender operating in the interbank market will incur when providing funding to a borrower and the steps...

9th Nov

Practice notes

Debt securities—10b-5 letters

A 10b-5 letter (also referred to as a 'disclosure letter') is a letter delivered to the underwriters by issuer's and underwriters' counsel in...

Produced in partnership with Charles Farnsworth of Baker McKenzie and Adam Farlow of Baker McKenzie 12th Jan

Practice notes

Secondary debt trading—completing the trade confirmation

The majority of secondary debt trades are conducted by telephone or by email. Following the trade call or email exchange, the parties will document...

9th Nov

Practice notes

Drafting or reviewing legal opinions in loan transactions

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...

9th Nov

Practice notes

Borrowing base facilities—structure, key terms and risks

What is a borrowing base facility?Borrowing base facilities ('BB Facilities') are a type of trade finance. They are working capital credit facilities...

Produced in partnership with Dentons UK and Middle East LLP 12th Jan

Practice notes

Shipbuilding contracts

This Practice Note considers the main terms included in standard form shipbuilding contracts. In particular, it looks at:•standard forms of the...

9th Nov

Precedents

Director’s certificate for a bilateral loan: borrower

[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...

9th Nov

Practice notes

Commodity repo transactions and true sale considerations

Commodity repurchases (repos) are a common alternative method of financing. There are a number of advantages for both the financier and a commercial...

Produced in partnership with Sullivan 12th Jan

Most recent Security content

Precedents

Real property mortgage: single company chargor—bilateral—all monies

This Deed is made on [insert day and month] 20[insert year]Parties1[Insert name of Chargor], a company incorporated in England and Wales with...

14th Apr

Precedents

Debenture: multi-chargor—syndicated—third party—specific monies—for use with a syndicated facilities agreement

This Deed is made on [insert day and month] 20[insert year]Parties1THE COMPANIES identified in Schedule 1 (each a Chargor and together the Chargors);...

14th Apr

Precedents

Debenture: single company chargor—bilateral—all monies

This Deed is made on [insert date] 20[insert year]Parties1[Insert name of Chargor], a company incorporated in England and Wales with registered number...

14th Apr

Precedents

Third party real property mortgage: single company chargor—bilateral—specific monies

This Deed is made on [insert day and month] 20[insert year]Parties1[Insert name of Chargor], a company incorporated in England and Wales with...

14th Apr

Precedents

Chattel mortgage: single company mortgagor—bilateral—specific monies

This Deed is made on [date]Parties1[insert name of Chargor], a company incorporated in England and Wales with registered number [insert company...

14th Apr

Precedents

Assignment of book debts

This Assignment is made on [insert day and month] 20[insert year]Parties1[insert name of Assignor], a company incorporated in England and Wales with...

14th Apr

Precedents

Undertaking to hold a deed of release: for a release of security on receipt of monies due in connection with a debenture or mortgage

[To be printed on the headed paper of the law firm acting for the lender][insert date]To:[insert name and address of the law firm acting for the...

14th Apr

Precedents

Syndicated assignment of insurance policies: assignor—specific monies for use with a syndicated facilities agreement

This Deed is made on [insert day and month] 20[insert year]Parties1[insert name of Assignor], a company incorporated in England and Wales with...

14th Apr

Precedents

Debenture: multi-chargor—syndicated—specific monies—for use with a syndicated facilities agreement

This Deed is made on [insert day and month] 20[insert year]Parties1THE COMPANIES identified in Schedule 1 (each a Chargor and together the Chargors);...

14th Apr

Precedents

Third party share charge (granted by the borrower’s parent): single company chargor—bilateral—specific monies

This Deed is made on [insert day and month] 20[insert year]Parties1[Insert name of Chargor], a company incorporated in England and Wales with...

14th Apr

Precedents

Discharge of floating charge—single Scottish company security provider—full release

DISCHARGEbyParties1[insert name of Lender], a company incorporated in [England and Wales OR Scotland] with registered number [insert company number]...

Produced in partnership with Kirstie McBirnie and Beverley Wood of Morton Fraser LLP 14th Apr

Scottish Law

Precedents

Assignment of insurance policies: single company assignor—bilateral—specific monies

This Deed is made on [insert day and month] 20[insert year]Parties1[insert name of Assignor], a company incorporated in England and Wales with...

14th Apr

Precedents

Syndicated bank account charge: chargor-specific monies for use with a syndicated facilities agreement

This Deed is made on [insert day and month] 20[insert year]Parties[insert name of CHARGOR], a company incorporated in England and Wales with...

14th Apr

Precedents

Real property mortgage: single company chargor—bilateral—specific monies

This Deed is made on [insert day and month] 20[insert year]Parties1[Insert name of Chargor], a company incorporated in England and Wales with...

14th Apr

Precedents

Bank account charge (lender as account bank): single company chargor—bilateral—specific monies

This Deed is made on [insert day and month] 20[insert year]Parties1[insert name of Chargor], a company incorporated in England and Wales with...

14th Apr

Precedents

Syndicated assignment of book debts

This Assignment is made on [insert day and month] 20[insert year]Parties1[insert name of Assignor], a company incorporated in England and Wales with...

14th Apr

Precedents

Supplemental legal mortgage for real property: single company mortgagor—bilateral-specific monies

This Deed is made on [date]Parties1[insert name of Chargor], a company incorporated in England and Wales with registered number [insert company...

14th Apr

Precedents

Syndicated assignment of contractual rights: assignor-specific monies for use with a syndicated facilities agreement

This Deed is made on [insert day and month] 20 [insert year]Parties1[insert name of Assignor], a company incorporated in England and Wales with...

14th Apr

Precedents

Bank account charge (third party account bank): single company chargor—bilateral—specific monies

This Deed is made on [insert day and month] 20[insert year]Parties1[insert name of Chargor], a company incorporated in England and Wales with...

14th Apr

Precedents

Deed of priority: single company borrower—single senior secured lender—single junior secured lender

This Deed is made [insert day and month] 20[insert year]Parties1[insert name of Senior Lender] of [insert address] (the Senior Lender);2[insert name...

14th Apr