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UK register of overseas entities to go live on 1 August 2022 - impact on finance transactions

United Kingdom - July 15 2022 Companies House has now confirmed that it intends to open the UK register of overseas entities on 1 August 2022. This note explains how the…

James Irvine, James Ingham, Simon Tweedle

The Coronavirus Large Business Interruption Loan Scheme and the Coronavirus Business Interruption Loan Scheme

United Kingdom - January 20 2021 On 17 December 2020, the UK government announced that both the Coronavirus Large Business Interruption Loan Scheme (CLBILS) and the Coronavirus…

Stuart Fitzsimmons

Brexit: Key issues for lending and loan documentation

European Union, United Kingdom - January 1 2021 This note considers how Brexit, and in particular the end of the transition period, affects lending and loan documentatio…

Mark Cheney, Alexander Hewitt, Adam Pierce

The Corporate Insolvency and Governance Bill - how will the new company moratorium affect lending transactions? Ten key questions answered

United Kingdom - May 28 2020 The UK government introduced the Corporate Insolvency and Governance Bill (CIGB) to Parliament on 20 May 2020. As well as including temporary…

Celia Hayward, Richard Pallot-Cook, Adam Pierce

Will COVID-19 trigger MAC clauses in facility agreements?

United Kingdom - March 10 2020 Many facility agreements include a material adverse change (MAC) clause. A MAC clause is a sweeper clause intended to provide a lender with…

Celia Hayward, Simon Middleton, Richard Pallot-Cook