Seminar: Retiring LIBOR – Fact or fiction?

By Hannah Meakin (UK) & Davide Barzilai (UK) on August 16, 2019

On 27 September 2019 we will be holding a breakfast briefing that will provide insight to the progression of benchmark rate reform, and provide attendees with the opportunity to ask questions and engage in discussion regarding the key issues facing anyone involved in the financial markets. Further information can be found here.…

Financial services: Regulation tomorrow

Bank of England calls for “last orders” on LIBOR

By Davide Barzilai (UK) & Hannah Meakin (UK) on June 5, 2019

At a LIBOR seminar held at the Bank of England this morning (5 June 2019), David Ramsden, a Deputy Governor of the Bank of England, has called time on LIBOR saying that “firms need to be focussed on what they need to do to be able to transact SONIA based products” and “stop adding to their post 2021 LIBOR exposures”. He determined that banks which submit rates to determine LIBOR have become “increasingly uncomfortable” about…

Financial services: Regulation tomorrow

Rights of minority Lenders under APLMA & LMA documents

By Davide Barzilai (UK) & Peter Haslam (HK) on August 4, 2015

A recent Hong Kong case ruled that minority lenders are not entitled to take independent enforcement action (including winding-up proceedings) under APLMA or LMA standard loan documents. In the case of Charmway Hong Kong Investment Ltd & Ors v Fortunesea (Cayman) Ltd & Ors [2015] HKCU 1717, the Hong Kong Court of First Instances had to determine what enforcement rights for repayment were available to the individual Lenders under the Finance Documents (which were based…

Financial services: Regulation tomorrow

Execution of documents: was your agreement validly executed?

By Peter Haslam (HK) & Davide Barzilai (UK) on January 30, 2015

A recent Hong Kong case reminded us of the importance of getting things right when executing documents in virtual closings, particularly in relation to deeds. In the case of Penta Investment Advisers Ltd v Allied Weli Development Ltd (formerly known as Hennabun Capital Group Ltd) – [2014] HKCU 2365, the Hong Kong Court of First Instances had to determine whether a guarantee (the Guarantee) was properly executed by or on behalf of the guarantor and…

Davide Barzilai (UK)

Seminar: Retiring LIBOR – Fact or fiction?

Bank of England calls for “last orders” on LIBOR

Rights of minority Lenders under APLMA & LMA documents

Execution of documents: was your agreement validly executed?

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