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Taking stock of Brexit Keep calm and carry on
  • Mayer Brown LLP
  • European Union, United Kingdom
  • July 20 2016

This is the first in a series of articles aimed at providing legal updates to private equity portfolio companies. It is hoped that the information

Is Brexit “materially adverse” to you? Perhaps, if it triggers an ‘event of default’ under your agreement(s).
  • Reed Smith LLP
  • European Union, United Kingdom
  • July 6 2016

While the impact of the EU referendum decision on outstanding financing transactions is still to be determined, both lenders and borrowers may be

BNY Mellon Corporate Trustee Services Ltd v LBG Capital No 1 plc and another - Supreme Court holds, by a narrow majority, that Lloyds' ECNs are redeemable
  • DAC Beachcroft
  • United Kingdom
  • July 4 2016

The Supreme Court has held, by a majority of 3:2, that LBG's enhanced capital notes ("ECNs") can be redeemed early. Lord Neuberger agreed with the

Examining the issues across Europe - A country-by-country guide to commercial agents
  • Eversheds
  • European Union, Global, United Kingdom
  • June 30 2016

Having an effective route to market is vital for any business to make its products available to its customers. Marketing and sales agents selling or

Using Regulatory Background to Interpret Note Issuance Documents
  • Maples and Calder
  • Ireland, United Kingdom
  • June 29 2016

The interpretation of a contract depends on the objective meaning of the words used in their commercial context. However, courts exercise

Brexit - Implications for Australian businesses
  • Baker & McKenzie
  • Australia, European Union, United Kingdom
  • June 28 2016

On 23 June 2016, a referendum was passed in the UK for the UK to "Brexit" or exit from the European Union (EU). This will have significant

Brexit: Next steps for out - how will this affect your business?
  • Holman Fenwick Willan LLP
  • European Union, United Kingdom
  • June 24 2016

Thursday's vote to leave the EU does not automatically mean the EU Treaties and legislation will no longer apply in the UK. It is merely the first

UK Supreme Court provides further guidance on the rules of contractual interpretation
  • Mayer Brown LLP
  • United Kingdom
  • June 20 2016

In BNY Mellon Corporate Trustee Services Limited v LBG Capital No 1 Plc & Anor 2016 UKSC 29 the Supreme Court has given further guidance on how far

Joint and several liability means assuming full responsibility
  • Shoosmiths LLP
  • United Kingdom
  • June 6 2016

A recent case reminds us that parties who enter into a contract with joint and several liability are each liable to perform the whole contract on

Sivagnanam v Barclays Bank plc (unreported)
  • RPC
  • United Kingdom
  • June 3 2016

The Commercial Court held that where a company had entered into interest rate hedging products with a bank, the company's sole shareholder and