Banking & Finance annual round-up: reviewing 2017 and previewing 2018 [Archived]
Banking & Finance annual round-up: reviewing 2017 and previewing 2018 [Archived]

The following Banking & Finance practice note provides comprehensive and up to date legal information covering:

  • Banking & Finance annual round-up: reviewing 2017 and previewing 2018 [Archived]
  • Reviewing 2017
  • LMA Developments
  • What happened?
  • What are the key implications?
  • Want to know more?
  • Lending
  • What happened?
  • What happened?
  • What are the key implications?
  • More...

This year’s annual round-up reviews some of the most significant developments of 2017 and previews what is on the horizon for 2018. This includes the LMA being busy on the documentation front with new forms of agreement, drafting guides and updated facility agreements; a new trade body, UK Finance, being set up; ECB guidance on leveraged transactions being published; the new Insolvency Rules being published and the Recast Regulation becoming effective. In 2018, there are several cases that will be going to appeal, the proposed Business Contract Terms (Assignment of Receivables) Regulations 2017 are likely to make a reappearance in an amended form and the Goods Mortgages Bill is likely to be enacted.

Also included are updates on LexisNexis®’s content, including news of exciting developments from the past year and what is coming up in the next 12 months.

Reviewing 2017

LMA Developments

What happened?

The Loan Market Association (LMA) has had a busy year on the documentation front. Key developments include:

  1. amending the investment grade facility agreement to, among other things, incorporate Increase Lender mechanics

  2. launching new forms for a fronted funding and distribution agreement and a fronted distribution agreement

  3. launching a new drafting guide for mezzanine facility agreements for use in leveraged acquisition finance transactions, and

  4. updating the real estate finance facility and intercreditor agreements to account for changes made to its leveraged documentation in

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