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Loan Agreements Contract Terms United Kingdom

BCLP

Marking your letter “subject to contract”: what does the label mean? Recent English Court of Appeal judgment

BCLP on

It is not uncommon to start a correspondence with a “subject to contract” label. But what does this mean? What is its legal effect?...more

A&O Shearman

Liquidity, MAC and Cessation of Business in English Law Loan Financings

A&O Shearman on

The COVID-19 pandemic and the responses adopted by governments around the world to mitigate its human cost will have a considerable impact on economic activity. We are seeing the forced closures of businesses and restrictions...more

Dechert LLP

COVID-19 as an MAE in English Law Loan Agreements

Dechert LLP on

Whilst the world reels from the impact of the COVID-19 coronavirus and rightly focuses on preserving lives, many businesses will nevertheless need at the same time to fight to stay afloat as the repercussions of the virus hit...more

Hogan Lovells

English Court upholds a bank's contractual right to withhold payments to avoid the risk of US secondary sanctions – Lamesa...

Hogan Lovells on

Hogan Lovells Publications | Lev Fin Spin | 07 October 2019 The English High Court has given effect to the terms of a loan agreement relieving a financial institution of the obligation to make interest payments, where to do...more

Steptoe & Johnson PLLC

LIBOR To Be Discontinued! What Will Your Bank Do?

Steptoe & Johnson PLLC on

In case you haven’t heard, the London Interbank Offered Rate (“LIBOR”) may be phased out by the end of 2021. Why? Because the Financial Conduct Authority (“FCA”) in the U.K. announced in July 2017 that it will stop requiring...more

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