The following Banking & Finance practice note Produced in partnership with Olivier Hensby, senior in-house counsel provides comprehensive and up to date legal information covering:
IP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation period entered into following the UK’s withdrawal from the EU. At this point in time (referred to in UK law as ‘IP completion day’), key transitional arrangements come to an end and significant changes begin to take effect across the UK’s legal regime. This document contains guidance on subjects impacted by these changes. Before continuing your research, see Practice Note: What does IP completion day mean for lending lawyers?
The extent of an in-house counsel’s involvement in a lending transaction will be dictated by the ambit of their role and to a large extent by the complexity of the transaction. In some organisations, an in-house counsel will have a purely 'advisory' role setting out relevant policies for the business teams to implement and as such will not be actively involved in the day-to-day running of a lending transaction but will step in on ad-hoc business queries and where a deviation of policy occurs. Conversely in other organisations, the in-house counsel will have a 'transactional support' role pursuant to which such counsel will be actively involved in the day-to-day running of a lending transaction with the business or commercial team (this may range from a purely legal support role to a transaction management/execution role).
For more information about the role of
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This Practice Note provides an introduction to intercreditor agreements and their key provisions. This Practice Note:•explains the purpose of having an intercreditor agreement and when an intercreditor agreement would be used instead of a deed of priority or subordination deed•provides links to
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
The Financial Conduct Authority Handbook (FCA Handbook) includes sourcebooks to regulate the conduct of business by a regulated firm relevant to insurers: the Conduct of Business Sourcebook (COBS) and the Insurance Conduct of Business Sourcebook (ICOBS). This Practice Note considers how these
This Practice Note examines:•why negative pledge clauses are used in commercial transactions •the consequences of breaching negative pledge provisions•how negative pledges are viewed in the context of security and quasi-security, and•key considerations when drafting a negative pledge clauseWhere
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