The following Banking & Finance practice note provides comprehensive and up to date legal information covering:
Type of covenant which is tested on a regular basis; contrasts with an incurrence covenant where compliance is only tested when the borrower wishes to take a specific action, such as incurring additional debt
The authorisation given by the borrower to the arranger or lead manager of a transaction to carry it out on the agreed terms
The cost to a lender of complying with regulatory liquidity requirements and regulator fees—these may be included as a separate element in the interest calculation in a loan agreement, or catered for in the margin
Interest—funding rates and margin
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This Practice Note considers the law governing the procedural law of arbitration proceedings (the curial law or lex arbitri) and how it is determined under the law of England and Wales (England and English are used as convenient shorthand).The procedural law of the arbitral proceedingsThe procedural
Criminal offences are generally divided into two categories: •conduct crimes, and •result crimesA conduct crime is a crime where only the forbidden conduct needs to be proved. For example, an accused is guilty of dangerous driving if they drove a motor vehicle dangerously on a road or other public
What is quia timet relief?Injunctions are generally awarded where a party has already suffered a wrong. For guidance on injunctions generally, see Practice Note: Injunctions—guiding principles. However, an injunction may be sought before a party's rights have been infringed on the basis that they
This Precedent letter covers disclosure obligations under CPR 31. It does not apply to proceedings subject to the disclosure pilot scheme under CPR PD 51U. For guidance on the disclosure pilot scheme, see Practice Note: Business and Property Courts—the disclosure pilot scheme. For a client letter on
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