News & Analysis as of October 19, 2024

European Union › Loan Agreements

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The European Union is an economic and political partnership comprised of 27 nations within the Eurozone. The EU was established in 1948 to promote stability and cooperation among member states in the aftermath of WWII. The EU maintains a common currency as well as several intranational institutions, including the European Parliament and the European Commission. less -

Private Credit Deep Dives – Portability (Europe)

Proskauer Rose LLP on 9/13/2024

One of the foundational provisions negotiated in almost every European leveraged loan agreement is the “Change of Control” definition and associated clauses. This provision is crucial because it directly impacts the risk...more

English High Court Enforces Asymmetric Jurisdiction Clause in a Syndicated Loan Facility Agreement

McDermott Will & Emery on 8/19/2024

On 24 May 2024, the English High Court granted final injunctive relief to Barclays Bank Plc (Barclays), both in the form of an anti-suit injunction and an anti-enforcement injunction, arising out of a syndicated loan...more

New Russian Oil Price Cap Provisions in Loan Agreements

Seward & Kissel LLP on 6/3/2024

What are they and what do they do? Over the past twelve months, lenders in the maritime transportation industry have increasingly required provisions in loan agreements (the “Russian Oil Provisions”) whereby the borrowers...more

Mobility@McDermott: Monthly Update - 7/2023

McDermott Will & Emery on 8/2/2023

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

Financial Services Weekly Roundup: The OCC’s True Lender Test Embraces A Simplified Solution

Goodwin on 7/23/2020

In This Issue. The Office of the Comptroller of the Currency (OCC) proposed a rule that would establish that a national bank or federal savings association is the “true lender” of a loan if, as of the date of origination, the...more

Brexit quale impatto sul mondo del finance

Orrick, Herrington & Sutcliffe LLP on 4/28/2020

Il presente documento di approfondimento è il primo di una serie in cui verranno analizzate le implicazioni e i potenziali cambiamenti sotto il profilo legale conseguenti all'uscita del Regno Unito dall'Unione Europea....more

L'Efficacia della clausola floor nei contratti di finanziamento

Orrick, Herrington & Sutcliffe LLP on 2/6/2020

“Nel contratto di mutuo non è giuridicamente configurabile un tasso di interesse negativo che incida sul capitale mutuato. Conseguentemente, quando il tasso d’interesse sia stato pattuito in misura variabile, esso non può...more

Italy Temporary Permissions Regime (TPR) for hard Brexit

Hogan Lovells on 3/21/2019

Following the Ministry of Economy and Finance press release of 24 January 2019, last night the Italian Government approved the law decree aimed at ensuring financial stability and market integrity in the event of hard Brexit...more

Report on Impact of IFRS 16 Leases on Financial Covenants in Loan Agreements

Orrick - Finance 20/20 on 12/22/2015

On December 9, 2015, the European Financial Reporting Advisory Group (EFRAG) published a feedback report relating to a public survey undertaken by EFRAG and others in July 2015 aiming to understand the effects of the...more

Orrick's Financial Industry Week in Review

Orrick, Herrington & Sutcliffe LLP on 12/16/2015

The Federal Housing Administration Announces New Loan Limits for 2016 - On December 9, 2015, the Federal Housing Administration ("FHA") announced its schedule of loan limits for the 2016 calendar year. The new schedule,...more

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European Union › Loan Agreements

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