Wilmer Cutler Pickering Hale and Dorr LLP | United Kingdom, USA | 26 Oct 2023
After years of transition efforts, the benchmark interest rate for nearly all commercial loans for the past 40 years (LIBOR) has been phased out and…
RPC | United Kingdom | 25 Jul 2023
In a recent judgment the High Court agreed with the defendants that interest became "due" from the date of the original order and not from the date of the final costs certificate which, in this case, had been delayed by almost 10 years. In deciding this issue, the Court emphasised the importance of a timely assessment of costs.
Herbert Smith Freehills LLP | United Kingdom | 18 Jul 2023
The judgment in the appeal of Quadra Commodities S.A. V XL Insurance Company SE and Others  EWCA Civ 432 sheds some light on determining…
LNT & Partners | Vietnam | 6 Jun 2023
In Vietnam, an overdue payment often comes with late payment interest. As a rule, under articles 357 and 468 of the Civil Code 2015, an obligor who fails to pay on time is subject to paying late payment interest as agreed between the contractual parties. This article details the parameters of late payment interest and how the caps are managed.
Lexology PRO | USA | 17 Mar 2023
Short-term liquidity mismatches, runs on smaller banks, and negative short- and long-term consequences for tech and venture capital businesses follow in the wake of the Silicon Valley Bank collapse.
Pinsent Masons | United Kingdom | 17 Mar 2023
After a protracted exit from the European Union, the United Kingdom continues to be one of the most attractive locations for holding companies. The (current, at least) UK government appears committed to ensuring it remains this way. This article considers the characteristics of the UK tax system and examines the key tax considerations for corporates looking to establish a holding company and......
Lexology PRO | Global, USA | 15 Mar 2023
Practitioners expect “two to three years” of increased regulatory attention to liquidity and risk management in response to the collapses of Silicon Valley Bank and Signature Bank.
Clasis Law | India | 7 Feb 2023
In its recent judgement in Base Realtors Private Limited v Grand Realcon Private Limited, the National Company Law Appellate Tribunal held that a financial creditor's application under section 7(2) of the Insolvency and Bankruptcy Code 2016 is maintainable once the interest is due, even if the principal amount is not due and payable.
Fasken | Canada, OECD | 28 Nov 2022
This updated is intended for those seeking additional insights into the revised draft legislative proposals regarding the proposed excessive interest…
Cadwalader Wickersham & Taft LLP | United Kingdom | 31 May 2022
When the interest rate on a mortgage financing is not fixed, the amount that a borrower may be required to pay may fluctuate depending on changes in…