The following Banking & Finance practice note provides comprehensive and up to date legal information covering:
EBITDA is an acronym for ‘earnings before interest, tax, depreciation and amortisation’. The EBITDA of the business forms part of certain financial covenant ratios and is used to calculate other figures such as cash flow. See Practice Note: Common financial covenants.
A governmental agency, quasi-governmental entity or a private institution acting on behalf of a government, which has the primary focus of supporting the national economy by supporting trade. ECAs provide support through a variety of financial products, depending on the nature of the transaction and the type of risk that the exporter or sponsor wishes to cover. Common types of support include direct loans, guarantees and insurance. See Practice Note: Export Credit Agencies and export credit support.
The UK's official export credit agency. It operates under the name UK Export Finance. See Practice Notes: The Export Credits Guarantee Department—ECGD and Export Credit Agencies and export credit support.
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The Public Private Partnership (PPP) models are a popular way for governments to involve private investment, expertise and risk in procuring infrastructure, with the potential to deliver a project more efficiently and economically. One of the most popular PPP models for procuring infrastructure
Private nuisancePrivate nuisance is an unlawful interference with a person's use or enjoyment of land or some right over or in connection with it. Interference must be unreasonable, and may be caused, eg by water, smoke, smell, fumes, gas, noise, heat or vibrations. Where the defendant has not
There are two kinds of burden:•the legal burden, and•the evidential burdenThe legal burdenA party has the legal (sometimes called ‘the persuasive’) burden where the onus is on that party to prove a fact or issue in a case to the required standard of proof.The legal burden is generally on the
Issue estoppel is a sub-species of the res judicata doctrine (see Practice Note: The doctrine of res judicata). In addition to the general key requirements for establishing a res judicata (see Practice Note: Key requirements to establish a res judicata), this Practice Note considers the specific
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