Brief Banking Bites – Spring 2024

Welcome to the Spring 2024 edition of Brief Banking Bites from Blake Morgan (BBB).

In this edition we look at some of our recent deals, provide an overview of potential ‘hot topics’ of interest going forward and our latest news, including new joiners to the team.

Our recent deals

Why does AML matter?

Money laundering is estimated to cost the UK economy more than £100 billion each year. The proceeds of money laundering can also be linked to other illegal activities, such as weapons, drugs and human trafficking. We look at why anti-money laundering is important.

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Key points for security, dissolution and disclaimers

As many businesses now face continued difficulties in the current economic climate, we are seeing borrowers and lenders reconsidering and restructuring their finance arrangements and, sometimes, a lender needs to enforce their security. But what happens when the borrower is a company, and that company is struck off the register of companies and is dissolved and not restored to the register?

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What are some key considerations for corporate borrowers?

Taking out a new loan or refinancing existing debt can be a challenging process for companies and a stressful time for their directors and shareholders. In this article, we look at some key considerations for corporate borrowers and how we can help.

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What could investigations into mis-sold car finance mean for lenders and borrowers?

In this article, we look at the potential consequences of the Financial Conduct Authority investigation into mis-sold car finance under the Discretionary Commission Arrangements, and the potential implications for both lenders and borrowers.

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Phase 1 of the Economic Crime and Corporate Transparency Act 2023 – what are the highlights?

We have recently seen the first tranche of Economic Crime and Corporate Transparency Act 2023 changes crystalise, which we summarise in this article.

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All you need to know about PISCES

What is PISCES? We examine all you need to know about the Private Intermittent Securities and Capital Exchange System, which has been designed to help position the London Stock Exchange as a market of choice for UK and overseas companies seeking a listing.

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News

We are thrilled to share the arrival of two new partners within our London team:

Natalie Coates has joined the firm from one of the largest global B2B lessors. Natalie bolsters our asset finance expertise and ability to tailor advice for the relevant stakeholder in receivables financing, operating and finance leases, loans and stocking facilities.

Oliver Storey-Harris has a wide offering for corporate borrowers. Oliver’s experience spans a broad variety of sectors, including retail, hospitality, healthcare, telecommunications, industrial businesses, energy and infrastructure and financial services and investments. His previous background includes public and private M&A.

Welcome to the team, Natalie and Oliver!

Law firm of the Year: Solent Deal Awards 2024

Carrying on the celebratory theme, we are thrilled to have been picked as the law firm of the year winner at the Solent Deal Awards 2024. The independent judges noted that Blake Morgan excelled in providing valuable advice and services to clients, investors and providers of capital. For more information please click here.

Developing Connections Decarbonisation Event: 20 June 2024

As part of our Developing Connections forum tailored to the real estate industry, we are holding an event on decarbonisation on 20 June in our Southampton office. Our panel of experts from across the sector will discuss the increasing challenges and opportunities created by the urgent need to transition to lower carbon estates to meet legislation. For more details and to register your interest, please click here.

From all of us in the Banking & Finance team, we wish you a wonderful Summer ahead and a flourishing second half of 2024. If you have any queries on any of the points raised above or require further information please do not hesitate to get in touch.