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