The following Financial Services practice note produced in partnership with DLA Piper provides comprehensive and up to date legal information covering:
The Bank Recovery and Resolution Directive 2014/59/EU (EU BRRD) establishes a framework for the recovery and resolution of investment firms and credit institutions and sets out a common resolution regime in the EU that allows authorities to deal with failing institutions and creates a dialogue and system of co-operation between home and host authorities. This Practice Note looks at a number of technical standards and guidelines issued by the European Banking Authority (EBA), as mandated by the EU BRRD (as amended by Directive 2019/879 (EU BRRD II)).
A package of legislation intended to reduce risks in the EU banking sector, known as the ‘banking package’, was published in the Official Journal of the EU on 7 June 2019. The package included revised rules on bank recovery and resolution, set out in EU BRRD II which amended the EU BRRD. EU BRRD II entered into force on 27 June 2019 and was required to be transposed into Member States’ national legislation by 28 December 2020, except for one provision relating to MREL which must be transposed by 1 January 2024. For more information on the changes introduced by EU BRRD II, see Practice Note: The EU banking package—CRD V, CRR II, BRRD II and SRMR.
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IP 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 completion day’), key transitional arrangements come to an end and significant
Interim injunctions—the American Cyanamid guidelinesThis Practice Note is concerned with substantive interim injunctions, which are a particular species of injunction granted on a temporary basis ahead of trial. As set out below, there are different considerations depending on whether the interim
What is a statutory declaration of solvency, and what happens if a false declaration of solvency is madeStatutory declaration of solvencyA company enters voluntary liquidation when the members of the company vote to do so by a special resolution. For more information, see Practice Note: What is a
DateD [date]Parties1[name of Landlord] [of OR incorporated in England and Wales with company registration number [number] whose registered office is at] [address] (Landlord)2[name of Tenant] [of OR incorporated in England and Wales with company registration number [number] whose registered office
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