Legal News (Banking & Financial Services)

The European Union (Markets in Financial Instruments) Regulations 2017 (S.I. 375 of 2017) (the “2017 Regulations”) were signed into law on 10 August 2017.

Lenders on acquisition finance and capital expenditure facilities often require security over shares. In this the second of a two-part series, we highlight the ancillary documentation that is beneficial to take when security over shares in a limited company is being taken.

Lenders on Acquisition Finance Facilities and more generally Capex Facilities to trading SMEs tend to take security over shares in obligor companies.

The High Court recently rejected an appeal by KBC Bank Ireland to write down a portion of a debtor couple’s mortgage due to the uncertainty in the ability of the debtors to repay the warehousing portion of the loan.

Prior executed but unregistered Charge V Judgment Mortgage

In April of this year the High Court ruled on a certain questions arising out of claims related to losses sustained by investors in the Belfry property funds promoted by Allied Irish Banks in the early to mid-2000’s.