The following Banking & Finance practice note provides comprehensive and up to date legal information covering:
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.
The Loan Market Association (LMA) has had a busy year on the documentation front. Key developments include:
amending the investment grade facility agreement to, among other things, incorporate Increase Lender mechanics
launching new forms for a fronted funding and distribution agreement and a fronted distribution agreement
launching a new drafting guide for mezzanine facility agreements for use in leveraged acquisition finance transactions, and
updating the real estate finance facility and intercreditor agreements to account for changes made to its leveraged documentation in
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and thousands of others like it, sign-in to LexisPSL or register for a free trial.
Existing user? Sign-in
Take a free trial
Unlike many other countries, the UK has no unfair competition law. Brand owners seeking to prevent competitors from marketing ‘copycat’ products or using misleading advertising have to rely on a combination of different intellectual property rights. These rights include the common law right to
Facilitating the performance of a duty by public officialsFacilitation payments, also known as facilitating or grease payments, are generally small amounts of money paid to public officials or others as a means of ensuring that they perform their duty, whether more promptly or at all. In some
Coronavirus (COVID-19): The guidance detailing normal practice set out in this Practice Note may be affected by measures concerning process and procedure in the civil courts that have been introduced as a result of the coronavirus (COVID-19) pandemic. For guidance, see Practice Note: Coronavirus
Overlapping insurance policesThere are various reasons why an insured may end up with overlapping insurance cover, whether deliberately or otherwise.Examples include the situation where the insured takes the benefit of other insurance arranged by another party or where, in the commercial world, risk
0330 161 1234
To view our latest legal guidance content,sign-in to Lexis®PSL or register for a free trial.