The Loan Market Association (LMA) has as its key objective improving liquidity, efficiency and transparency in the primary and secondary syndicated loan markets in Europe, the Middle East and Africa.
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What's New

LMA October Monthly Update - An Annual Conference Special

For the latest legal & regulatory news, regulatory submissions, briefing notes and upcoming LMA events.

LMA launches new German law commercial real estate finance document

The LMA has launched its new recommended form of German law euro currency term facility agreement, intended for use in real estate finance multi-property investment transactions which are to be documented under German law.  Whilst the current version of the document has been produced in English, a further German language version is also in the process of being prepared. Click here to view the full press release.

Changes to LMA Secondary Debt Trading Documents

The LMA has published revised versions of its Trade Confirmations, Standard Terms and Conditions, Participation Agreements and Secondary Debt Trading Users Guide. The revised documents are available on the pending page of the LMA website and will "go live" on Wednesday 16th December 2015. 

Incorporation of new finance parties' rights clause in LMA facility documentation

The LMA has developed drafting to supplement its recommended forms of facility documentation to further emphasise the individual nature of a lender's right to payment of all amounts due. Whilst not felt to be necessary from a legal perspective, the LMA recognises concerns raised primarily in Asia from a decision in a recent case in the lower Hong Kong courts.

Changes to REF Facility Agreements and production of a Financial Covenant Cure Rider

The LMA has produced revised versions of its real estate finance facility agreements to take into account various market practice updates. The LMA has also produced a financial covenant cure rider for use alongside its investment property facility agreement.