Banking & Finance analysis: The LexisNexis Banking & Finance guidance team has published a new Practice Note called ‘Defined benefit pension schemes in lending transactions’.

The LexisNexis Restructuring & Insolvency practical guidance team has published a new Practice Note called ‘Discharge from liability of office-holders’. This Practice Note considers the discharge from liability of administrators, liquidators, provisional liquidators and trustees in bankruptcy upon vacation of office in respect of their conduct as office-holders.

The LexisNexis Restructuring & Insolvency practical guidance team has published a new Practice Note—‘Duty to co-operate with office-holder under section 235 of the Insolvency Act 1986—key cases’. This Practice Note sets out certain key cases and associated relevant content on the duty to co-operate with an office-holder under section 235 of the Insolvency Act 1986.

Banking and Finance analysis: The LexisNexis® Banking and Finance practical guidance team has published a new Practice Note called ‘EU rules on non-performing loans for UK lawyers’. This Practice Note provides information and practical guidance on the EU rules on non-performing loans (NPLs), which impose obligations when selling, purchasing or providing credit services in respect of NPLs. It provides: (1) an overview of the rules, why they were put in place, and when they apply from; (2) information on the new obligations of sellers of NPLs, including which entities they apply to and what information needs to be provided; (3) information on the new obligations of purchasers of NPLs; and (4) an overview of the obligations on credit servicers.

The LexisNexis EU Law and Financial Services practical guidance teams have published a new Practice Note, in partnership with Dan Shapland and Aline Doussin of Hogan Lovells. This Practice Note provides an overview of the key EU financial sanctions relevant to financial services providers. It addresses EU financial sanctions, particularly asset freeze measures, and the relevant aspects of the anti-money laundering and countering the financing of terrorism (AML/CTF) framework.

The LexisNexis Restructuring & Insolvency practical guidance team, in partnership with Sanjay Desai, head of litigation risk solutions at Marsh, has published a new Practice Note—‘FAQs on After-the-Event insurance for insolvency practitioners’. This Practice Note discusses After-the-Event (ATE) insurance, more particularly: what it is, what it will cover, the size of the ATE insurance market, the impact of the Insurance Distribution Directive, when an ATE insurer should be approached, the different ATE insurance premium types, whether an ATE insurance policy can stand as security for costs, the position concerning multiple defendants, and issues to consider where a claim is being funded by a litigation funder.

The LexisNexis Restructuring & Insolvency practical guidance team has published a new Practice Note—FAQs on Liability Management Exercises. This Practice Note looks at some frequently asked questions (FAQs) and gives a high level view of liability management exercises or liability management transactions for Restructuring & Insolvency lawyers and Banking & Finance lawyers.

The LexisNexis Restructuring & Insolvency practical guidance team has published a new Practice Note—‘Insolvency practitioner bonding’. This Practice Note discusses insolvency practitioner bonding, more particularly the relevant security requirements and the records that must be maintained relating to bonding and connected matters.

The LexisNexis Restructuring & Insolvency practical guidance team has published a new Practice Note—‘Insolvency practitioners and their qualification'. This Practice Note considers the ability of persons to act as insolvency practitioners (IPs) in relation to a company, individual or insolvent partnership, the requisite qualification, the means of obtaining it and court sanction of IPs in public interest cases. It does not apply to anything done by the official receiver who is not required to be a qualified IP.

The LexisNexis Ireland—Commercial practical guidance team has published a new Practice Note which considers the assignment of rights under contract, identifies what can be transferred when assigning rights under a contract and considers the steps necessary to affect a valid assignment of a contract both at law and in equity.

The LexisNexis Ireland—Banking and Financial Services practical guidance team has produced a new Practice Note on releasing security in Ireland, in partnership with Ann Kilbane of Eversheds Sutherland LLP (Ireland). This Practice Note considers the release of security following the full or partial satisfaction of a secured debt. It looks at some preliminary issues to consider before any release is effected and the steps that must be taken to register the release of security at the Companies Registrations Office and/or on an asset register (eg at Tailte Éireann, Registry of Deeds, at the Central Bank of Ireland, on the Register of Ships, at the Irish Aviation Authority or at the Intellectual Property Office of Ireland).

Ireland-Commercial: The LexisNexis Ireland—Commercial practical guidance team has published a new Practice Note which considers the steps which a business can take to review its commercial contracts with a view to extracting maximum value and minimising costs. The Practice Note explains the circumstances which might prompt a legal contract review, what should be reviewed and who should be involved in the review process. It also explains the key elements of the contracts reviewed from both a customer’s and a supplier’s perspective.