The following Banking & Finance news provides comprehensive and up to date legal information on VietJet must pay investor US$180m in plane lease dispute
Bills of exchange—structure and partiesBills of exchange are negotiable instruments that represent an unconditional promise by one party to pay...
Term Loan B facilitiesThis Practice Note discusses Term Loan B (TLB) facilities which frequently appear as a tranche of senior facilities in...
Invoice discounting and factoringThe popularity of financing business through the invoice discounting and factoring of receivables has grown...
Common financial covenantsThis Practice Note explains certain common financial covenants used in commercial finance transactions including:•minimum...
Acquisition finance—mandatory and voluntary prepayment clausesIt is common for facility agreements to require the borrower(s) to prepay all or part of the facility on the occurrence of certain events, known as mandatory prepayment events. For a general discussion of common mandatory prepayment
Loan Market Association (LMA) leveraged documentationDevelopment of the Loan Market Association (LMA) documentationThe project to develop the LMA investment grade documents began in 1998 as a response to demand in the market for a standard form of syndicated facility agreement. The development of
Acquisition finance—second lien financingWhat is second lien financing?Second lien financing is a form of financing that is principally secured by the same security package as senior or first ranking debt, but ranks behind such senior or first ranking debt (whether in priority of payment and/or
Acquisition finance—ancillary facilities On an acquisition finance transaction, the borrowing group, in addition to the debt (whether loans or bonds) required to fund the transaction, will typically need other types of bank facilities. These may include, for example, an overdraft, stand-by letter of
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