Counsel: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Amend wording.) |
(Update for cessation of LIBOR.) |
||
| (2 intermediate revisions by one other user not shown) | |||
| Line 13: | Line 13: | ||
:''ACT Deals of the Year Awards 2020 - Ahold Delhaize'' | :''ACT Deals of the Year Awards 2020 - Ahold Delhaize'' | ||
:LIBOR ended in September 2024. | |||
| Line 38: | Line 41: | ||
== See also == | == See also == | ||
* [[Advocate]] | |||
* [[Agent]] | |||
* [[Attorney]] | |||
* [[Facility agent]] | * [[Facility agent]] | ||
* [[Fallback]] | * [[Fallback]] | ||
* [[Hardwired]] | * [[Hardwired]] | ||
* [[IBOR]] | * [[IBOR]] | ||
* [[KC]] | |||
* [[LIBOR]] | * [[LIBOR]] | ||
* [[Provision]] | * [[Provision]] | ||
* [[QC]] | |||
* [[Rate switch]] | * [[Rate switch]] | ||
* [[Reference rate]] | * [[Reference rate]] | ||
| Line 52: | Line 60: | ||
* [[Wellbeing]] | * [[Wellbeing]] | ||
[[Category:Accounting,_tax_and_regulation]] | [[Category:Accounting,_tax_and_regulation]] | ||
[[Category:Identify_and_assess_risks]] | [[Category:Identify_and_assess_risks]] | ||
[[Category:Manage_risks]] | [[Category:Manage_risks]] | ||
[[Category:Risk_reporting]] | |||
[[Category:Risk_frameworks]] | [[Category:Risk_frameworks]] | ||
[[Category: | [[Category:The_business_context]] | ||
Latest revision as of 03:08, 5 October 2024
1. Legal advisory services.
An external legal adviser, or firm of advisers, engaged to support a particular transaction.
- Constructive legal counsels supported hardwired switch wording
- "Alongside its ESG core, the RCF was one of the first products of its kind to include hardwired switch wording to anticipate the discontinuation of LIBOR.
- In a market dominated by efforts to build contingencies against COVID-19, Ahold Delhaize faced challenges with encouraging its lenders to focus and align on that aspect of the deal.
- However, in light of the firm’s track record as a credible borrower with a clear IBOR reform plan, constructive legal counsels and a facility agent were able to accommodate the feature operationally."
- ACT Deals of the Year Awards 2020 - Ahold Delhaize
- LIBOR ended in September 2024.
2. Corporate organisations.
A legally qualified and experienced employee who supports an organisation in its legal and regulatory affairs.
Formerly known more often as an in-house lawyer.
3. Law firms.
A senior member of a law firm, who is not a partner.
4. Some jurisdictions.
A lawyer who undertakes advocacy in court.
5. Verb - wellbeing.
To provide a talking therapy - counselling - that helps the client to find ways to deal with personal problems.
