Much has been written about debt for nature swaps and an increasing number of market participants are looking to get involved. In this article, we highlight the critical role of the project manager, whose functions incorporate aspects of a traditional founder, sponsor, arranger and monitoring agent throughout the life of such transactions.

In the second part of this two-part series, Baker McKenzie’s leveraged finance teams in London and New York consider available remedies under both English and New York law if commitments are not met. In the first part of this series we set out the importance of funding certainty and examined…

In the second part of this two part series… Baker McKenzie’s leveraged finance teams in London and New York consider available remedies under both English and New York law if commitments are not met.

On 27 May 2020, the European Commission put forward its proposal for a European Recovery Plan (ERP)1 with a new EUR 750 billion funding via its financial recovery instrument, called the “Next Generation EU” which would be funded by borrowing on the financial markets2. If approved by the Member States,…

United Kingdom: COVID Corporate Financing Facility, Coronavirus Large Business Interruption Loan Scheme, Coronavirus Business Interruption Loan Scheme, the Future Fund: will they help your business? Overview In an attempt to provide support to as many businesses as possible as they battle the effects of the COVID-19 pandemic, and to deploy…