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Developing Market Insight
This video interview, filmed in February 2018, is the ninth in a series of LMA Spotlights on key regulatory and topical issues.
The LMA is pleased to announce the publication of a single currency unsecured revolving facility agreement (incorporating a letter of credit facility) for use in developing market jurisdictions.
The LMA has also published of revised forms of its Developing Markets facility documentation and users guide. The key amendments incorporate provisions relating to optional fixed interest rate language and basic sanctions definitions.
This briefing by Linklaters examines the FCA’s July 2017 announcement on plans to transition away from LIBOR, expectations of the consequent action to be taken by market participants, potential replacement rates for LIBOR and the issues raised in using the suggested alternatives. Click the arrow to view.
A webinar of a recording of the Early Evening Seminar held on 9 January 2018 on the future of LIBOR and the impact on the syndicated loan market; documentation alerts including the additions and updates to the Developing Markets documentation suite; a number of briefings on developing markets; loan insights; the latest legal and regulatory news; and upcoming LMA events in developing markets
South Africa: Taking security over a South African bank account as a workable option for a foreign lender
This briefing from Bowmans provides commentary on the concerns that arise when a foreign entity lending into the jurisdiction attempts to take valid security under South African law. This briefing considers the legal requirements for the valid creation of such security, as well as the practical implications and complexities that such a course of action involves.
The Organisation for Economic Co-operation and Development (OECD) has released an updated version of its Arrangment on Officially Supported Export Credits.
The South African International Arbitration Act 2017 has entered into force. The Act will govern all international arbitration proceedings, including enforcement of foreign arbitral awards, in South Africa.The Organisation for Economic Co-operation and Development (OECD) has released an updated version of its Arrangment on Officially Supported Export Credits.