The following Banking & Finance practice note provides comprehensive and up to date legal information covering:
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 are used.
The basic structure of a traditional securitisation involves the sale of the pool of assets by
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Tipping off and prejudicing an investigationIt would undermine the benefit to the authorities if, a suspicious activity report (SAR) having been made, the alleged offender were to be made aware of the interest in their activities so that they could take steps to cover up their misdeeds or disappear.
This Practice Note covers the legal framework and regulatory guidance to be considered in determining whether an arrangement constitutes a contract of insurance and the possible consequences of carrying on activities relating to a contract of insurance without the requisite regulatory permissionsThe
Having established that a duty of care exists (see Practice Note: Negligence—when does a duty of care arise?), it is then necessary to consider whether or not there has been a breach of that duty. This will depend on a number of factors outlined below and considered against the general background of
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
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