Is a facility fee for a loan a penalty?

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Latest Briefings

New online court may improve chances of tenancy arrears recovery

By Karl Anders and Lucie Bryan On 6 April 2018 HMCTS publicly announced the launch of a new online service to allow members of the public and businesses to issue money claims, resolve disputes and access mediation via a new online claims service. Known as Civil Money Claims, and available for money claims with a […]

Dress codes in the workplace: new government guidance

By Stuart McBride New guidance entitled “Dress codes and sex discrimination – what you need to know” was published by the Government Equalities Office last week.  It follows the 2016 online petition started by a woman who was sent home from work when she refused to wear high heels. The petition led to a Parliamentary Enquiry […]

Timor-Leste oil and gas: New maritime treaty with Australia

On 6 March 2017, in New York, delegations of both countries signed, before the United Nations’ Secretary-General and Portugal’s former Prime-Minister, António Guterres, the “Treaty Between the Democratic Republic of Timor-Leste and Australia Establishing Their Maritime Boundaries in the Timor Sea”. The new maritime boundaries between the two countries represent, after almost 50 years, Australian’s […]

Portugal: New regime for conversion of unsubordinated credits into capital

Law No. 7/2018 was published on 2 March and created a legal regime for the conversion of unsubordinated credits into capital in commercial companies, or companies adopting a commercial form, incorporated under the Laws of Portugal. The new law entered into force on the day after its publication and clearly aims to provide an extrajudicial […]

Portugal: Exploitation of lithium

Lithium minerals have seen a rise in demand and price since 2011, which became even greater in 2016, and the expectation is that this rise will continue along with the growing demand for electric vehicles. Lithium supply security has become a top priority for technology companies in the United States and Asia and, worldwide, lithium […]

Recommended

Allen & Overy advises banks on Russian-related F1 loans worth $850m

Allen & Overy’s Moscow team has advised two syndicates of lenders on new loan facilities for Sberbank Europe AG (an Austrian bank owned by the state-owned Sberbank of Russia) and Credit Bank of Moscow (a privately owned Russian bank).  The Sberbank Europe facility was led by Barclays Bank as documentation agent and Commerzbank AG as […]

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Pressure points

Bar Barometer fails to define the diversity battleground According to the Bar Barometer, recently released by the Bar Standards Board and the Bar Council, more pupil barristers went to Oxford or Cambridge than non-Russell Group institutions in 2011/12 (28 per cent vs 25 per cent). If that statistic makes you shrug with indifference, well done, […]

John Greenfield

Greenfield, John

John Greenfield is managing partner and head of the litigation and dispute resolution group in Guernsey. Greenfield undertakes the complete range of major litigation and advocacy work including asset tracing, multi-jurisdictional disputes and commercial and trust litigation. He has been counsel in many of the major litigation cases before the Royal Court of Guernsey and […]

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