Welcome to the Summer 2021 edition of Bank Notes. Please use the links below to read the articles.

Is the draft EU Credit Servicers Directive approaching its finalised form?

After several years of discussion and negotiations, the European Council and Parliament appear very close to finalising the text of the Directive on Credit Servicers and Credit Purchasers. The Directive aims to promote a pan-European secondary market for non-performing loans, and would introduce authorisation requirements and a passporting system for "credit servicers" acting for credit purchasers to whom non-performing loans have been transferred by European credit institutions.

LIBOR transition in the loan markets – frequently asked questions

We have updated our detailed note answering frequently asked questions on LIBOR transition in the loan markets to 6 July 2021. The note's primary focus is on English law commercial loans, but aspects of this note will also be relevant in other financing contexts.

Finance transactions with Irish obligors – enforcing your English court money judgment in Ireland post-Brexit

This article looks at enforcing English court money judgments in Ireland post-Brexit under the Hague Convention on Choice of Court Agreements or under Irish common law – and how to frame jurisdiction clauses in finance documents to promote enforcement of your English court money judgment in Ireland.

FCA-regulated firms face a higher standard of consumer care

This note considers the FCA's current consultation on a Consumer Duty that would set clearer and higher expectations for firms’ standards of care towards consumers. 

You may also be interested in our new Dentons ESG: Global Solutions site, and the further Dentons articles linked below:

Dentons UK, Ireland and the Middle East

Lockdown Logistics: Electronic signatures for English law documents

Airline insolvency and aircraft repossession – jurisdiction fast-track guides

Dentons Canada

LIBOR transition to SOFR – A brief summary and update