News & Analysis as of

Borrowers Germany

McDermott Will & Emery

Mobility@McDermott: Monthly Update - 7/2023

1. FEDERAL COURT OF JUSTICE RULES ON ASSIGNMENT CLAUSE IN T&CS FOR CAR FINANCING - In April 2023, the German Federal Court of Justice (Bundesgerichtshof, “BGH”) ruled that an assignment clause used by a German captive bank...more

Hogan Lovells

Mezzanine-Finanzierungen rücken wieder ins Blickfeld

Hogan Lovells on

Trotz der verschlechterten wirtschaftlichen Lage hat es im Laufe des Jahresverhältnismäßig wenige Kapitalerhöhungen deutscher börsennotierter Gesellschaften gegeben. Dies liegt unter anderem daran, dass viele Unternehmen...more

Dechert LLP

Corona-Matching-Facility Builds on Well-Established Structures

Dechert LLP on

Corona-Matching-Facility Builds on Well-Established Structures In its recent statement, the German government recognized the innovative power that startups and young technology companies have and how important these...more

Hogan Lovells

Effects of Covid-19 on facility agreements under German Law

Hogan Lovells on

We give an overview of the possible effects of the corona crisis on existing facility agreements under German law if borrowers get into financial difficulties due to the crisis. ...more

A&O Shearman

COVID-19: Update for Borrowers and Lenders in Germany

A&O Shearman on

In light of the growing pandemic of COVID-19 the German government has decided on a number of unprecedented restrictions for all areas of private and business life which were unimaginable just a few weeks ago. As a result,...more

White & Case LLP

The EU loan syndication impact assessment is out: more competition scrutiny ahead?

White & Case LLP on

Setting the scene The long anticipated European Commission (DG COMP) report on "EU loan syndication and its impact on competition in credit markets" (see here) has finally been published. The study primarily focuses on the...more

A&O Shearman

Risk disclosure obligations – new leverage for borrowers of structured loans

A&O Shearman on

The disclosure obligations arising from an implied advisory agreement between a bank and a non-consumer borrower of a structured loan have been recently spelt out by the Federal Court of Justice (Bundesgerichtshof, BGH). The...more

Dechert LLP

Arrangement Fee Clauses in German Loan Agreements ruled invalid by German Federal Court

Dechert LLP on

The German Federal Court issued a series of groundbreaking rulings on July 4, 2017. Arrangement fee clauses in German law loan agreements are invalid if they are included in general terms and conditions set by the lender....more

Jones Day

European Commission's Antitrust Concerns Lead to Syndicated Loans Market Study

Jones Day on

In April 2017, the European Commission ("Commission") published a tender offer seeking an assessment of the EU market for loan syndication and possible implications under EU competition rules. The successful candidate will...more

King & Spalding

(Teil)Entwarnung für SPV-Finanzierungen – BaFin veröffentlicht Auslegungshilfe zum Abschirmungsgesetz

King & Spalding on

Die Bundesanstalt für Finanzdienstleistungsaufsicht hat am 14. Dezember 2016 die lang erwartete Auslegungshilfe zum Abschirmungsgesetz veröffentlicht. Der hierzu im Dezember 2015 veröffentlichte Konsultationsentwurf hatte...more

K&L Gates LLP

Retail Distribution of Credit Linked Notes to Be Banned in Germany

K&L Gates LLP on

The German Federal Financial Supervisory Authority (Bundesanstalt für Finanz­dienstleistungs­aufsicht, BaFin) plans to issue a ban on the retail distribution of credit linked notes in Germany. For this purpose, on July 28,...more

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