The following Banking & Finance practice note provides comprehensive and up to date legal information covering:
This Practice Note contains a summary of the latest news from the Loan Market Association (LMA) on LMA documentation and related topics. It is updated and reviewed monthly and covers news since January 2016. For LMA news prior to that date going back to early 2013, see Practice Note: Loan Market Association (LMA)—news on documentation [Archived].
Information in this Practice Note is also included in relevant Practice Notes in Lexis®PSL Banking & Finance. Links to related Lexis®PSL and Lexis®Library content are provided where relevant.
All of the LMA updates referred to in this Practice Note were originally published on the LMA website (subscription required for full access).
This Practice Note does not include news about French law, German law or Spanish law documentation or the African loan documentation covering South Africa, East Africa and Nigeria.
LIBOR and benchmark rates
Investment grade documentation
Leveraged/High Yield documentation
Leveraged—super senior/senior documentation
Real estate finance documentation
Commodity finance documentation
Borrowing base documentation
Export finance documentation
Developing markets documentation
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Coronavirus (COVID-19): This Practice Note contains guidance on subjects potentially impacted by the government’s response to the COVID-19 outbreak. For updates on key developments and related practical guidance on the implications for lawyers, see Practice Note: Coronavirus (COVID-19)—implications
Multilateral Trading Facilities (MTFs)BREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit transition/implementation period entered into following the UK’s withdrawal from the EU. Following IP completion day, key transitional arrangements come to an end and
Summary assessment—statement of costsSummary assessment is the procedure whereby costs are assessed by the judge who has heard the case or application (see Practice Note: Summary assessment). This Practice Note considers the use of a statement of costs in summary assessment. Form N260 is a model
Enforcing a warrant of controlThis Practice Note has been produced by enforcement specialists, The Sheriffs Office. It guides users through the process of enforcing a warrant of control obtained from the County Court as a method of enforcing a money judgment; whereby the judgment creditor takes
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