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Banking Transaction Update July 2022 – National transactions

3 August 2022

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.

The market sentiment that we are picking up is that corporates, investors and debt funders feel positive that businesses can adapt to deal with the external challenges - as they did so impressively during CV19. That market confidence is also evidenced by the investment we are making in our own business at Browne Jacobson; we are about to move into new offices in Birmingham (the iconic 103 Colmore Row) and we have opened an office in Dublin.

We do though sense some increased caution but to date we have not seen evidence of deal flow dropping off as liquidity levels and the appetite for businesses in resilient sectors remains high. The remainder of 2022 will be an interesting period and at Browne Jacobson we remain confident that deal activity will hold up.

Focus on...

Legal updates

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.

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Blogs

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.

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Legal updates

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.

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Press releases

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.

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The content on this page is provided for the purposes of general interest and information. It contains only brief summaries of aspects of the subject matter and does not provide comprehensive statements of the law. It does not constitute legal advice and does not provide a substitute for it.

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