Tag Archives: LMA

Comparing Agency Provisions in the United States and Europe

This post was also written by Helena Nathanson. The Loan Syndications and Trading Association (“LSTA”) provides model agency provisions that reflect standard market practice in the United Sates primary loan markets, while the Loan Market Association (“LMA”) provides model provisions reflecting market practices in the European markets.  In the U.S., the administrative and collateral agent … Continue Reading

More on Capital Call Facilities: The European Perspective

This post was written by Abbey Mansfield. A few months ago we blogged about capital call facilities, including basics, challenges and opportunities from a U.S. law perspective.  As noted in that post, capital call (aka “subscription” or “equity bridge”) facilities have garnered attention recently due to their strong performance in the wake of the financial crisis. Today, we … Continue Reading

And Now, Loan Participations from a UK Perspective

In response to my post yesterday on a recent New York case prohibiting a loan participation without borrower consent, my partner Lucy Newcomb from Reed Smith's London office provides a UK-law perspective on the case. It is interesting to note that there is no such thing as the doctrine of good faith and fair dealing in the UK, so we could expect a similar case to have a different outcome in a UK court.… Continue Reading
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