Material adverse effect and Panama Papers: Difference between pages

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imported>Doug Williamson
(Create the page. Source: ACT CFF Reading 4.3.1 p14, Documentation 1 April 2014.)
 
imported>Doug Williamson
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(MAE).  
The Panama Papers are a large number of leaked confidential documents relating to offshore tax avoidance structures and participating individuals and corporations.


A clause in a loan agreement.
The Panama Papers were publicised by the ''Süddeutsche Zeitung'' in Germany in 2016.


It is intended as a 'catch-all' clause and states that if there is a change in the circumstances of the borrower that materially and adversely affects the borrower's ability to repay, then this will constitute an event of default.
 
The documents were leaked from a law firm and corporate services provider headquartered in Panama.




== See also ==
== See also ==
* [[Event of default]]
* [[Anti-avoidance provision]]
* [[Loan agreement]]
* [[Her Majesty’s Revenue & Customs]]
* [[Material adverse change]]
* [[PANA inquiry]]
* [[Pandora Papers]]
* [[Paradise Papers]]
* [[Tax avoidance]]
* [[Tax evasion]]
* [[Tax haven]]


[[Category:Bank_Lending]]
[[Category:Accounting,_tax_and_regulation]]
[[Category:Debt_Capital_Markets]]
[[Category:Ethics_and_corporate_governance]]
[[Category:Legal_Documentation]]

Revision as of 23:54, 6 October 2021

The Panama Papers are a large number of leaked confidential documents relating to offshore tax avoidance structures and participating individuals and corporations.

The Panama Papers were publicised by the Süddeutsche Zeitung in Germany in 2016.


The documents were leaked from a law firm and corporate services provider headquartered in Panama.


See also