The following Banking & Finance practice note provides comprehensive and up to date legal information covering:
A forward sale arrangement. For further details, see Practice Note: Structure of a Salam transaction.
A transaction where the seller sells real property to the purchaser who then leases it back to the seller
Sale and leaseback
This is an acronym for the Swiss Averaged Rate Overnight. SARON has been selected to replace Swiss Franc LIBOR.
In an acquisition finance transaction, debt that is secured on the same security package as senior debt, on a second ranking basis. It ranks behind senior debt but in front of other junior debt such as mezzanine debt
Acquisition finance—second lien financing and Sources of finance for leveraged buy-outs
A buy-out by a financial sponsor of a business from another financial sponsor
What is acquisition finance?
The established market where investors purchase loan assets from existing lenders, rather than directly upon origination (or upon primary syndication) from the borrower or issuer of the relevant loan assets
Overview of key documentation in a secondary debt trade and Secondary trading of distressed debts
A transaction in which the risks and rewards—but not the ownership—of a pool of cash generating assets are transferred to another party or parties. In a traditional securitisation, the transfer is made by the issue of interest-bearing debt securities (notes) to capital markets investors. In a synthetic securitisation, credit derivatives or guarantees
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Entrapment There is no defence of entrapment in English law but it is considered to be an abuse of the process of the court for state agents to lure a person into committing illegal acts and then seek to prosecute him for doing so. The House of Lords said that, although entrapment is not a
Commercial Property Standard Enquiries (CPSEs) are industry standard pre-contract enquiries used in commercial property transactions. CPSEs are endorsed by the British Property Federation and are free to use. The CPSEs include specific environmental enquiries at enquiry 15 and there are several
Indirect discriminationThis Practice Note considers unlawful indirect discrimination under Equality Act 2010 (EqA 2010).There is a clear difference between direct and indirect discrimination, and the two are mutually exclusive (although claims may of course be brought in the alternative):•the law
Proprietary estoppelThis Practice Note considers proprietary estoppel from a generic standpoint.For industry specific guidance on proprietary estoppel, see Practice Notes:•Estoppel and property law•Mortgages by estoppelProprietary estoppel—what is it?Unlike the other forms of estoppel (see Practice
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