Welcome to the summer edition of our Banking & Finance bulletin, our smorgasbord of recent musings on all things finance and law related.
Hopefully this bulletin arrives before you head off on your summer holidays, as it has everything you could possibly ask for in terms of your poolside reading. Among other topics covered in this bulletin, we provide an overview of IFRS 16 and its impact on financial covenants in loan agreements. We take stock of a recent Supreme Court case which upheld the validity of a ‘no oral modification’ clause. And we digest the latest Law Society guidance on whether intra-group loans and guarantees constitute distributions.
And if you’re still worried you won’t have enough material to get you through your summer sojourn, why not take a look at our sister publication produced for our Restructuring & Insolvency contacts. Click here to read more. Happy holidays!
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Andrew Dodds
Jonathan Porteous