Receivables financing agreement meaning

Credit Suisse Virtuoso Sicav-Sif (in respect of its Sub-Fund, the Credit Suisse (Lux) Supply Chain Finance Fund) and another company v Softbank Group Corp and other companies [2025] EWHC 2631 (Ch) What was the background? This dispute arose from an intricate financing arrangement connecting the Greensill, Katerra and SoftBank groups. Credit Suisse Virtuoso Sicav‑SIF (Credit Suisse) invested, through its Credit Suisse (Lux) Supply Chain Finance Fund (the SCF Subfund), in notes arranged and administered in England by Greensill Capital (UK) Ltd (GCUK) and issued by Hoffman S.à r.l. (Hoffman) under a scheme known as the Fairymead Multi‑Obligor Programme (the Fairymead Note Programme). The intended collateral for that programme comprised certain rights (the Participations) granted under a Participation Agreement dated 19 December 2019 by a special purpose vehicle, Greensill Ltd (GL), to its immediate parent, GCUK. GCUK then assigned those participation rights to Hoffman, which in turn transferred them to Citibank N.A., London Branch, acting as note trustee for the Fairymead Note Programme. The Participations related to receivables sold,...

Loan market and developments A concise outline of the current Danish loan market and notable recent developments follows. Most corporate lending still comes via bank facilities—both committed and uncommitted—and is frequently secured. Security packages commonly comprise: shares; real property; bank accounts; and a floating charge spanning all moveable property, receivables and intellectual property of the borrower. Financing for both private and commercial real property is most often arranged through mortgage credit loans provided by mortgage credit institutions, with the relevant property given as security. The Danish Capital Markets Act introduced SME Growth Markets in Denmark for small and medium-sized companies (SMEs). In the preparatory remarks to the Act, it is noted that SMEs have experienced difficulties obtaining finance since the financial crisis. By establishing SME Growth Markets in Denmark, the aim is to grant SMEs easier access to the capital markets and thereby improve funding opportunities...