Banking Transaction Update July 2022 – National transactions

Press Release

Browne Jacobson’s banking & finance team describe 2022 as a “game of two halves” after completing over £2 billion worth of transactions

Legal Update

Sustainable finance - great opportunity but there are risks for businesses that do not engage

Legal Update

Trigger happy when directors’ duties are the target?

In a judgment handed down yesterday the Supreme Court has affirmed that a so called “creditor duty” exists for directors such that in some circumstances company directors are required to act in accordance with, or to consider the interests of creditors. Those circumstances potentially arise when a company is insolvent or where there is a “probability” of an insolvency. We explore below the “trigger” for such a test to apply and its implications.

Opinion

Sequana: Supreme clarification on the duty owed to creditors

The Supreme Court has unanimously dismissed the BTI v Sequana appeal and reviewed the existence, content and engagement of the so-called ‘creditor duty’; being the point at which the interest of creditors is said to intrude upon the decision-making of directors of companies in financial distress.

Legal Update

Banking Transaction Update July 2022 - North West transactions

There are clearly challenging macro-economic factors at play but at Browne Jacobson we continue to see good levels of transactional activity with certain sectors being particularly buoyant: healthcare, financial services, energy & infrastructure and tech.

Legal Update

Banking Transaction Update July 2022 – National transactions

Browne Jacobson continues to see good levels of transactional activity with certain sectors being particularly buoyant: healthcare, financial services, energy & infrastructure and tech.

Press Release

Browne Jacobson’s banking specialists advise HSBC UK Bank plc on management buy-out of UK’s largest family owned bicycle distributor

Browne Jacobson’s banking & finance lawyers have advised HSBC UK Bank plc on the financed management buy-out of Derby-based bicycle supplier and distributor, Moore Large for an undisclosed sum.

Press Release

Browne Jacobson broadens its construction offering with appointment of nuclear and renewable energy specialist

Browne Jacobson has broadened its national construction and engineering offering with the appointment of construction partner Zoe Stollard into its Birmingham office.

Legal Update

Banking Transaction Update February 2022 - North West transactions

Browne Jacobson’s banking & finance team continues to go from strength to strength. Its volumes are currently 25% ahead of last year’s & over the last 12 months the team advised on over 300 transactions across various sectors.

Legal Update

Banking Transaction Update February 2022 – National transactions

Browne Jacobson’s banking & finance team continues to go from strength to strength. Its volumes are currently 25% ahead of last year’s & over the last 12 months the team advised on over 300 transactions across various sectors.

Press Release

Browne Jacobson’s national banking & finance team announce £1bn worth of deal activity and 25% deal volume growth in the last 12 months

Over the last 12 months, the team which is made up of 14 specialist banking lawyers advised on over 300 transactions across various sectors including healthcare, private equity, financial services and tech. The deals have a combined value of £1 billion.

Press Release

Browne Jacobson appoints new head of banking for Manchester to spearhead growth

Browne Jacobson has appointed Graham Ball as the new head of its banking and finance team in Manchester following a period of sustained growth for the firm’s national banking practice.

Legal Update

Banking transaction update - June 2021

What a difference a year makes! See our transaction updates and our confident output in the Banking and Finance team.

Legal Update

UK Community Renewal Fund: prospectus 2021-2022

We explain the UK Community Renewal Fund priorities, submission and assessment of proposals and points to note for authorities.

Legal Update

Banking transaction update - Summer 2020

During what has been a difficult few months, it has been encouraging to see the energy and activity amongst funders as they support businesses. We have been absolutely delighted to assist our clients during this difficult time.

Legal Update

Deal prospects for 2020: challenges and opportunities

How will the current extraordinary events impact the transactional market? The COVID-19 crisis has certainly created enormous challenges for the deal market.

Legal Update

Financial Conduct Authority (FCA) looks for fairer treatment of corporate customers

For many corporates, cash flow has been the most difficult issue to manage in the wake of the Government restrictions around Covid-19.

Legal Update

COVID-19 and declaring dividends

COVID-19 is currently having an unprecedented impact on the global economy. The legal framework in place for lawfully declaring dividends has not been relaxed in light of the COVID-19 pandemic, so companies must take care to follow all of the usual rules when seeking to declare a dividend.

Legal Update

Mergers and acquisitions transactions and COVID-19 - 22 April update

We’ve already discussed various practical implications that COVID-19 is having on M&A transactions, but if transactions are continuing to go ahead, what are some of the legal considerations to bear in mind in the current climate?

Legal Update

Corporate tech update: Chancellor announces Future Fund to support start-ups and high-growth companies during Covid-19 pandemic

New measures have been announced today by HM Treasury and the Department for Business, Energy and Industrial Strategy, with the aim of supporting the UK’s community of next-generation technology businesses.

Legal Update

Implications of covid-19 on loan documents

The effect of Covid 19 will likely impact a significant number of borrowers and lenders alike causing them to review their underlying finance arrangements to assess rights, protections and vulnerabilities.

Opinion

Predicting the future (and getting it wrong); when a bankrupt’s bad deal can’t be undone

Good news for personal insolvency practitioners, the High Court appears to have closed the door to claims by bankrupts seeking to recover pension contributions made via Income Payments Agreements.

Published Article

Is insurance the new banking? Part 4: Facing up to behaviour and risk in the London Market

In September 2019 Lloyd’s of London “… announced … actions designed to make [its] market a place where everyone can feel safe, valued and respected …” Read about the findings here.

Press Release

Browne Jacobson advises Clydesdale Bank Plc on MBO of PE Systems

National law firm Browne Jacobson has acted as legal advisers to Clydesdale Bank Plc on the management buy-out (MBO) of Wigan based company PE Systems.

Press Release

Browne Jacobson rises up Experian’s dealmaker rankings

Browne Jacobson has enhanced its reputation as one of the country’s leading M&A advisers according to the latest rankings data from Experian.

Press Release

Browne Jacobson’s half year deals activity exceeds £500m

Browne Jacobson’s Manchester office has seen the value of deals which its corporate, banking and real estate teams have advised on exceed an aggregate of £500m in the first half of its financial year, a major milestone for the firm which has grown its transactions offering considerably over the same period.

Published Article

Business ready for no deal Brexit?

On 31 October 2019, the UK could leave the EU without a signed withdrawal agreement. Read here for key points your business should consider.

Press Release

Browne Jacobson advises on sale of TCL to idverde Group

Browne Jacobson has advised BGF and the shareholders of long-standing client TCL Group on the sale of the TCL business to idverde Group.

Published Article

Is insurance the new banking? part 3: Inappropriate personal behaviour, and conduct risk, in the Lloyd’s Market

This article addresses the regulatory issues around Lloyd’s’ evidence of inappropriate personal behaviour (sexual discrimination / harassment, and alcohol / substance abuse).