COVID-19

At the LMA we recognise the unprecedented challenges posed by the coronavirus (COVID-19) pandemic for market participants throughout the syndicated loan market. We are committed to supporting our members through these challenging times and have set up our dedicated Covid-19 microsite to provide up-to-date and relevant legal, regulatory and market news, articles and digital content relating to Covid-19.

Latest News

High Court: Judgment upheld for non-payment of rent and service charges during UK government pandemic restrictions

On 16 April 2021, the UK High Court held that the landlord of a shopping centre (L) was entitled to summary judgment against its retailer tenant (T) for rent and service charge arrears incurred while the UK Government's COVID-19 measures had restricted T's ability to trade.

UK Government publishes call for evidence on commercial rents and COVID-19

The overall aim of the call for evidence is to understand how landlords are responding to the build-up of rent arrears that occurred as a result of businesses being unable to trade normally during the Covid-19 pandemic.

ECB publishes speech on NPL management in the context of COVID-19

On 18 March 2021, the European Central Bank (the ECB) published a speech by a Member of their Supervisory Board, Elizabeth McCaul, about the management of non-performing loans (NPLs) in the context of the COVID-19 pandemic.