Katten ESG Guidepost is a monthly publication highlighting the latest news, legal and regulatory developments involving environmental, social and governance matters....more
LIBOR (London Interbank Offered Rate) is a set of interest rate benchmarks based on the rates at which banks are willing to borrow wholesale-unsecured funds. It is used in numerous financial instruments such as loans,...more
In the 2018 Autumn Budget, the Chancellor announced his intention to reintroduce Crown Preference with effect from 6 April 2020. Due to the attempts to prorogue Parliament and the General Election last year, the necessary...more
The requirement to work remotely due to COVID-19 has meant that individuals and businesses are relying increasingly on the use of technology and concluding agreements using electronic means. Although this is a highly...more
Key Points
- Material adverse change (MAC) provisions focus on whether prevailing events and circumstances have a material adverse effect on the borrower.
- Case law suggests the key reference materials for assessing...more
The Homes (Fitness for Human Habitation) Act 2018 (the Act) came into force on 20 March 2019 (the Enforcement Date) and amends the existing legislation contained within sections 8 and 10 of the Landlord and Tenant Act 1985...more
Lenders involved in syndicated loans may encounter additional scrutiny from competition regulators in light of the final publication of a study prepared on behalf of the European Commission by Europe Economics and Euclid Law....more
4/18/2019
/ Anti-Competitive ,
Capital Markets ,
Competition ,
Competition Authorities ,
EU ,
Financial Conduct Authority (FCA) ,
Infrastructure Financing ,
Member State ,
Project Finance ,
Risk Management ,
Syndicated Loans
What Is the "Rule in Gibbs"?
The rule in Gibbs is a long-established common law principle in which the Court of Appeal determined that a debt governed by English law cannot be discharged or compromised by a foreign...more
The UK Government recently published a draft Registration of Overseas Entities Bill that will require foreign entities who own or desire to own land in the UK to take steps to identify their beneficial owner(s) and to...more
The UK government has recently provided further details regarding how it intends to implement a register of non-UK legal entities that own UK property....more