The following Banking & Finance practice note provides comprehensive and up to date legal information covering:
This Practice Note sets out the factors that an in-house lawyer should consider when selecting an external law firm to advise in relation to a banking and finance transaction. It is written for in-house banking and finance lawyers working in banks or other financial institutions. It covers the selection of law firms from an existing legal panel, the circumstances where it might be appropriate to select an off-panel law firm and what to do where the bank or other financial institution in question does not have a legal panel. The Practice Note also sets out some general considerations that will apply to any proposed law firm selection, regardless of whether a legal panel is in place or not.
For information on issues to consider when agreeing the engagement terms for the selected external law firms, see Checklist: Agreeing engagement terms with external law firms—a checklist for in-house banking and finance lawyers.
Most large banks and other financial institutions have established panels of legal advisers. These panels are reviewed periodically (often bi-annually) and provide in-house lawyers with a group of pre-approved external law firms which they can use to obtain legal advice.
Where a bank or other financial institution has a legal panel, instructing external counsel is likely to be a more straightforward process than
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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
ContractWhere a contract is made by two or more parties it may contain a promise or obligation made by two or more of those parties. Any such promise may be:•joint•several, or•joint and severalWhether an undertaking is joint, several, or joint and several in contract is a question of construction
BREXIT: As of 31 January 2020, the UK is no longer an EU Member State, but has entered an implementation period during which it continues to be treated by the EU as a Member State for many purposes. As a third country, the UK can no longer participate in the EU’s political institutions, agencies,
This Practice Note considers the legal concept of mistake in contract law. It examines common mistake, mutual mistake, unilateral mistake, mistake as to identity and mistake as to the document signed (non est factum). It also considers the impact of each of these types of mistake on the contract and
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