Top 10 of 1,413 law firms for Financial Covenants, Contract Law

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Financial covenants cover the terms in a loan or facility agreement that set financial targets, ratios and tests the borrower must meet. A solicitor in this area drafts, negotiates and reviews covenants such as leverage ratios, interest cover, liquidity and gearing, and helps structure baskets, baskets and baskets tests alongside baskets. They also prepare waivers, amendments and remedies procedures if a covenant is breached, and liaise with lenders and borrowers on reporting obligations and trigger events.

What a solicitor handles in these matters

The solicitor handles the provisions, calculations, baskets and reporting mechanics that govern compliance, and coordinates negotiations around when a breach might occur, waivers or restructurings, and the consequences if a covenant is not met.

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Mike Elliott

Tagged solicitor Mike Elliott

I used Mike Elliott for a dispute I had with a contractor. The service was excellent. Mike was really good at both marshalling the arguments for my case and taking the emotion out of it so that we put a clear and logical position to the other side. They quickly settled without me needing to commence full legal proceedings. I would fully recommend to anyone in a similar position to use Mike.

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