In light of the current economic climate, real estate lenders and borrowers will certainly be communicating with one another frequently concerning potential loan modifications and accommodations. It is prudent for lenders to require that the parties enter into a pre-negotiation agreement, or a “PNA,” as a sine qua non to having such communications.
The City of London Law Society Certificate of Title is a standard form document that is used in real estate financings to provide lenders with an overview and certain certifications of the properties they are lending against, such as certifying title to property. On 9th May 2023, CLLS published its new 8th edition of its Certificate of Title, replacing the previous edition that was originally launched back in 2012 and subsequently updated in 2016.
Kicking off Part 2 of our mini-series on “How to Prepare for a Real Estate Enforcement in Europe,” the focus turns to valuation. In Part 1 we detailed what steps lenders should take when preparing for a real estate enforcement. A key preparatory step is obtaining robust valuation evidence.
In this month’s edition of REF News and Views we are going to continue our series on the National Security and Investment Act 2021 and discuss its notification and intervention provisions.
Charlotte special counsel Molly Lovedale was recently named a 2023 honoree in Charlotte Business Journal's 40 Under 40 program.
Given recent stresses in the global financial system and the
associated high-profile bank failures, there has understandably been
much attention focused on bank liquidity. While this attention is clearly justified, the significant work to address issues surrounding prudential liquidity provisioning on foot since the global financial crisis of 2007/2008 should not be overlooked. In a Law360 article, we examine some of the prudential liquidity reforms implemented following the global financial crisis and the current status of the ongoing regulatory review in the UK.
Cadwalader ESG Finance and Investment partner Sukhvir Basran collaborated with the Loan Market Association to create the SLL Model Provisions. Sustainability-linked loans (“SLLs”) are one of the most important transition tools, and the launch of these provisions will continue to drive the growth of sustainable finance. You can read the LMA’s press release here.
In addition, Cadwalader recently hosted a breakfast discussion with the LMA and LSTA with the aim of “Unlocking Sustainability-Linked Loans.” During the session, Sukhvir was joined by the LMA’s Gemma Lawrence-Pardew and the LSTA’s Tess Virmani in a conversation addressing some of the most frequently asked questions raised by market participants in respect of SLLs. Click here to listen to the discussion. Click here to read a detailed summary.
Here is a rundown of some of Cadwalader’s recent work on behalf of clients.
