Legal News

Trade finance in a no-deal Brexit scenario

Published on: 10 October 2019
Published by: LexisPSL
  • Trade finance in a no-deal Brexit scenario
  • What impact would a no-deal Brexit have on the trade finance market?
  • What preparations is the trade finance market making for a no-deal Brexit?
  • Are there any additional clauses, or other documentary changes, that should be made in preparation for a no-deal Brexit?
  • Is the prospect of a no-deal Brexit changing the way deals are structured eg different mix of lending or borrower entities or loan tranches?
  • Are there any other issues, legal or practical, that trade finance lawyers and market participants should be aware of?
  • Authorisation/passporting
  • Enforcement
  • Governing law

Article summary

Banking & Finance analysis: Past assurances that the UK would depart the EU with a deal in place are being strained by an atmosphere of low accountability and political gambling, leaving obliging lawyers and clients to assess their options. Geoffrey Wynne, partner at Sullivan & Worcester, explains what to look out for and to expect in the world of trade finance. or take a trial to read the full analysis.

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