Nov 21, 2023 Lender security over rent accounts: navigating account bank requirements By Laura Bretherton Sophia Bell In real estate finance transactions, a borrower will usually be required to grant a charge over their bank accounts to the lender. One of...
Nov 16, 2023 Operational real estate finance breakfast panel By Laura Bretherton Nicole Mitchell On Wednesday 15 November, Macfarlanes hosted a breakfast panel discussion which focused on financing of operational real estate (OpRE). ...
Nov 15, 2023 Galapagos restructuring ends with an effective “Distressed Disposal” and a win for senior creditors By Timothy Bromley-White Joshua Portway Any restructuring where there are multiple tiers of debt and lenders with different interests and views can be tricky. Lenders will try...
Nov 09, 2023 Innovation and technology in private credit By Adam Caines Oliver Jeffcott An interesting panel session at this year’s ACC Summit in Banking Hall, featuring participants from Arcmont and Metrics, centred on how...
Nov 06, 2023 Private debt – strong performance in the face of uncertain times: The Pitchbook Global Private Debt Report H1 2023 By Adam Caines Peter Chapman Katherine Hensby On 25 September 2023, Pitchbook published their Global Private Debt Report (Report) on H1 2023 activity in the private capital markets....
Oct 09, 2023 Penalising default interest: a spotlight on the bridging loan market By Adam Caines Laura Uberoi Christian Anthony Rachael Preston Katherine Hensby +2 more... Show less Earlier this year, the High Court ruled that a clause in a loan agreement which imposed a default interest rate of 4% per month...
Oct 03, 2023 Transparency to navigate a new normal: IOSCO reports on proposed good practices on leveraged loans, and emerging risks in private finance By Andrew Perkins Kirstie Hutchinson Jamie Macpherson Katherine Hensby +1 more... Show less On 14 September 2023, the International Organisation of Securities Commissions (IOSCO), the internal policy forum for securities...
Aug 17, 2023 ISDA amends the notices, force majeure and illegality provisions of the ISDA Master Agreement By Christine Long William Sykes ISDA have published a set of amendments to the ISDA Master Agreement (the ISDA MA) following the Covid-19 pandemic and sanctions on...
Jul 13, 2023 Article X does not (quite) mark the spot: UK Government considers implementation of two UNCITRAL Model Laws on Insolvency By Paul Keddie On 7 July 2022, the UK Government published a consultation on changing UK law to implement two model laws in the field of insolvency that...
Jul 06, 2023 Ratcheting regulatory interest in sustainability-linked loans By Jamie Macpherson Rachel Richardson Andrew Perkins Adam Caines +1 more... Show less The Financial Conduct Authority (FCA) has made clear its concerns regarding the "greenwashing" potential of sustainability-linked loans...
Jun 22, 2023 Trending topics from the FFA European Fund Finance Symposium 2023 By Richard Fletcher Clare Golding Macfarlanes were proud to again sponsor the Annual European Fund Finance Symposium in London this week, now in its seventh iteration, and...
Jun 22, 2023 A lender for every dilemma: FFA 2023 Symposium panel discussion on non-bank lenders By Richard Fletcher Clare Golding At the 7th Annual European Fund Finance Symposium this week, our co-head of fund finance, Richard Fletcher, chaired a panel on non-bank...
May 09, 2023 Sustainable drafting for sustainability-linked loans? By Rachel Richardson Andrew Perkins Adam Caines Jamie Macpherson +1 more... Show less On 4 May 2023 the Loan Market Association (LMA) published model provisions for those borrowing, lending and arranging...
Apr 25, 2023 What's the outlook for UK real estate financing? By Ranvir Singh In this article, we take a look at the state of the UK real estate sector, identify positive signs in the short to medium term, and...
Nov 24, 2022 Getting comfortable with letters of comfort By Paul Keddie Jamie Macpherson Maddie Walls As the name suggests, letters of comfort have long been regarded as offering little more than passive "comfort" to their recipients....
Nov 08, 2022 When will developments in a foreign law affect your English law contract/financial instrument? By Christopher Charlton Ed Llewelyn-Evans Madeleine Brown In Banca Intesa Sanpaolo Spa and another v Comune di Venezia (2022) EWHC 2586 (Comm) (Venezia) the English High Court held that two...