Catherine Astruc



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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…

Adam Pierce, Alexander Hewitt, Mark Cheney.

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…

Adam Pierce, Celia Hayward, Richard Pallot-Cook.

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, Richard Pallot-Cook, Simon Middleton.

LIBOR transition - are full interest period lags a viable way to simplify some compounded RFR loans?

United Kingdom - February 14 2020 The Bank of England, the FCA and the Working Group on Sterling Risk-Free Reference Rates (the Working Group) have asked that, by the end of Q3 2020…

Alexander Hewitt, Catriona (Kitty) Lloyd, Matthew Sapte.