Running yield meaning

Patel v Patel [2025] EWHC 560 (Ch) What are the practical implications of this case? The ruling showcases the court’s down‑to‑earth method for settling a delicate question. Although outcomes are fact‑sensitive, the thread running through the authorities is the court’s primary aim to head off ‘unseemly’ quarrels within a deceased person’s family and to secure the ‘decent and respectful disposal of the body without undue delay’ (per Chief Master Shuman in Read v Hoarean [2024] EWHC 3274 (Ch), cited). It further underlines that, even where the deceased’s intentions can be identified — something often fraught, given the risk of relatives misremembering or misunderstanding, or the deceased’s shifting preferences — those intentions are not conclusive and may yield to other factors, most notably the wishes of the living and the practical realities of disposal. Such balancing reflects a pragmatic approach and prioritises timely, dignified resolution of sensitive matters overall...

Development of the Loan Market Association (LMA) documentation The initiative to create the LMA’s investment grade suite started in 1998, driven by market calls for a uniform syndicated facility agreement. The project emerged in response to market demand for a standardised syndicated facility agreement. Development of the LMA’s leveraged materials followed a comparable path: an initial facility agreement for leveraged acquisition finance transactions was released in 2004, with the recommended Intercreditor Agreement for leveraged acquisition finance (senior and mezzanine) issued in 2009. Since then, the LMA has continued to issue further precedents to reflect demand and changes in the market. There are now standard forms available for deals involving senior secured notes. In addition, there are forms for structures that feature both senior secured notes and high yield notes, recognising the significant volume of transactions financed in part or in full through high yield debt. The purpose behind both sets of LMA standard forms is to save time and cost by offering a position that reflects prevailing market practice...