Protocol for discharging mortgages of commercial property
The City of London Law Society Land Law Committee has produced a protocol for discharging mortgages of commercial property (incorporating input from the Association of Property Lenders and the CLLS Financial Law Committee). We will wait to see whether the industry takes up the protocol as its use is not a legal requirement. However, it should provide a helpful starting point for completion mechanic negotiations and help to save time and costs for all parties.
Need for change: different procedures across the city; repeated stand-offs between outgoing and incoming lender requirements; inefficiencies negotiating completion mechanics; and no Law Society-endorsed code of practice…
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News from The Lawyer
Briefings from Macfarlanes
M&A Weekly Update: forced sale of shares does not qualify as ‘an offer to the public’ requiring publication of prospectus; and more
Macfarlanes has released its M&A Weekly Update for the period 27 June to 3 July 2014.
Investment Management Update — 4 July 2014: FCA Handbook Notice 13; ESMA updates Q&As on AIFMD; and more
Macfarlanes has released the 4 July 2014 issue of its Investment Management Update.
Analysis from The Lawyer
As the equity capital markets rocketed back into favour and global M&A saw at least a partial return to form, there have been some rich pickings for The Lawyer’s Corporate Team of the Year award shortlisted firms in 2014.
Footie and telecoms dominate our regular round-up of recent M&A activity, as the threat of rising interest rates kick-started activity among organisations.