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  • Sponsored by Raposo Bernardo & Associados
    Nelson Raposo Bernardo and Joana Andrade Correia, Raposo Bernardo
  • Sponsored by Davis Polk & Wardwell
    Partners from Davis Polk’s New York office explain certain aggressive terms found in BSL facilities in 2019 and this year
  • Sponsored by Bär & Karrer
    In cross-border acquisition financing, it is common practice that so-called 'security principles' are negotiated and defined in an annex to the facilities agreement. On the one hand, it is specifically held in these security principles what security will be granted by the obligors and the target group to the finance parties; and on the other hand, it also generally describes circumstances under which an exception to the obligation to provide certain security can occur. The security principles provide guidance to the lawyers involved in different jurisdictions whose task it is to translate these principles into specific security documents.

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