This week’s edition of Public Law highlights includes analysis of key developments in the Brexit negotiations together with analysis of EU public procurement decisions MA.T.I. SUD v Centostazioni and Duemme v CNPR and Vakakis kai Synergates—Symvouloi gia Agrotiki Anaptixi AE Meleton v European Commission and the decision in R on the application of Juttla v Hertfordshire Valleys CCG on the importance of consultation.
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Common financial covenantsThis Practice Note explains certain common financial covenants used in commercial finance transactions including:•minimum net worth test•gearing ratio•leverage ratio (or debt to equity ratio)•current ratio (or acid test ratio)•cashflow ratio•interest cover ratio, and•loan
Working with counselInstructing counsel to advocate on a client’s behalf should be a matter of careful thought and preparation. The role of counsel is to provide independent objective advice and to deploy the skill of advocacy on behalf of the client. Although they are part of a team, they also
Contract interpretation—express terms in contractsExpress and implied contractual terms distinguishedContractual terms may be either express or implied:•express terms—are terms which are actually recorded in a written contract or openly expressed in an oral contract at the time the contract is made
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