Corporate Insolvency and Governance Act 2020
We would like to inform our members that we have reviewed the recently enacted Corporate Insolvency and Governance Act 2020 in the context of our template facility documentation and are not planning any changes at the present time. The position will however be monitored in accordance with any evolving market practice.
The guide provides (a) a description of the package of documents available for claims trades, (b) guidance on when a loan trade should be carried out as a claims trade, (c) an outline of the key provisions of the trading documents that users should be aware of when trading a claims trade and (d) a suggested timeline for a claims trade.
We have released a spotlight interview with the APLMA and LSTA on the new guidances notes on the Green Loan Principles and Sustainability Linked Loan Principles that were released alongside the updated principles. The Guidance aim to provide market practitioners with clarity on the application of the Principles and promote a harmonised approach.
This webinar, presented by David Chmiel, Managing Director at Global Torchlight, looks to address the questions and provide some of the likely answers as to how Covid-19 will change the global economy and geopolitical and trade relations.
Note on Coronavirus Large Business Interruption Loan Scheme (CLBILS) and Intercreditor Considerations
DAC6 and LMA recommended forms of facility documentation
Update to Senior/Mezzanine Facility Agreement Drafting Guide for Real Estate Finance Transactions
Further Update to LMA Facility Agreements
Update to LMA Facility Agreements
LMA responds to the Fifth Money Laundering Directive ("MLD") and Trust Registration Service Technical Consultation Document
LMA note on "LMA Exposure Drafts of Compounded RFR Facilities Agreement – outstanding requirements for the production of LMA recommended forms"
During this current crises, a key area where we are changing the way we deliver our services is, naturally, our events and training programme.
Since April we have produced a substantial number of webinars and virtual events/panel discussions. All this content can be viewed on demand on "LMA Player", our new video and audio recording hub. We are also delighted to be delivering our LMA Syndicated Loans Conference this year in a new exciting virtual format.
E-learning course comprised of 10 modules providing an overview of the syndicated loan market.
As part of the co-operation between the LMA, LSTA, APLMA and also ICMA, each of their forms of bail-in clause refer to a common EU Bail-In Legislation Schedule, which has been prepared by the LMA, in order to describe the relevant national implementation legislation and write-down and conversion powers.
Loan Market Insight