Matthew Macfarlane
Matthew advises a variety of financial institutions and companies on a wide range of banking, derivatives, corporate, finance and restructuring transactions, predominantly of a multi-jurisdictional nature.
Practice Area
Panel
- International Panel
Qualified Year
- 2014
Membership
- Law Society of Scotland
Education
- University of Edinburgh
- LLB (Hons)
- Dip. LP
1 Contributions by Matthew Macfarlane
PRACTICE NOTES
Guernsey cross-border lending and security: licensing, tax, debt transfer, taking security over assets, guarantees, enforcement, intercreditor ranking, governing law and recognition of English judgments
Loan market and developments
Offer a succinct summary of the current position of the loan markets in your jurisdiction and any notable recent developments. Lending by Guernsey banks is generally confined to deals concerning local real estate or other Guernsey assets held by Guernsey businesses. In practice, Guernsey financing is chiefly provided by UK and other European banks to Guernsey vehicles that own both Guernsey and non-Guernsey situs assets, including UK property.
Provide a short outline of any impending legal changes or other factors that may influence the loan markets or the answers below. No relevant changes are anticipated.
Lending
Must any consents or licences be obtained to lend in your jurisdiction or to enforce rights under a loan agreement, and if so, what is the procedure for securing such consent or licence?
Are there any additional lending restrictions that foreign lenders should note?...
Banking & Finance
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