Document review

Document review guidance:

This Practice Note sets out certain key cases and associated relevant content in relation to acceleration of debt and enforcement of security. The cases are divided by...

Practice Note

During the term of a facility, the borrower's financial position is likely to fluctuate. Sometimes, its circumstances change to such an extent that it wants the terms of...

Practice Note

General duty of liquidators and administrators where there has been an unlawful transaction If, during the course of a liquidator's or administrator's investigations into...

Practice Note

. Avoiding floating charges—the conditions required Under section 245 of the Insolvency Act 1986 (IA 1986), there are provisions for liquidators and administrators to set...

Practice Note

Bankruptcy searches at the Land Charges Department When a bankruptcy petition is presented by a creditor, the court shall as soon as reasonably practicable send to the...

Practice Note

This Practice Note is an introduction to CE-File electronic working/electronic filing or e-working/e-filing in the courts under CPR PD 51O, including when and where...

Practice Note

Competing security interests arise when more than one creditor has taken security over the same asset or group of assets. Determining the order of priority between those...

Practice Note

Overview Covenant 'loose' and covenant 'lite' facilities provoke much debate in the leveraged finance market since they are perceived to indicate that debt markets are...

Practice Note

One of the initial signs of distress is usually a covenant breach by the company. The lenders may agree to a simple waiver, which cures a temporary blip in the company's...

Practice Note

Under English law legally binding agreements can be made orally, in writing or by deed. This Practice Notice considers the circumstances in which a deed is necessary or...

Practice Note

In an enforcement scenario, it is necessary to confirm that the charge under which you wish to appoint a receiver is valid. This Practice Note considers the impact on the...

Practice Note

An electronic signature is the electronic equivalent of a handwritten signature and links a person to the contents of an electronic document. This Practice Note...

Practice Note

This Practice Note considers the enforcement options available to lenders where they hold fixed security. In particular it covers: • the options available when taking...

Practice Note

Security over land can be taken by way of mortgage or charge with the appropriate form often depending on the significance of the land to the borrower's business or the...

Practice Note

This Practice Note summarises: • the different forms of share security • the main enforcement options open to security takers • practical considerations for security...

Practice Note

This Practice Note considers the position of a security holder who has an equitable mortgage or charge over land, in particular the powers that are available to complete...

Practice Note