Backing a private equity sponsor in the leveraged finance market does not mean solely supporting the upfront, headline acquisition. Very often, a great deal of attention is rightly focused on how the lenders will support buy-and-build strategies by way of large, uncommitted lines of debt, known as "accordion", "additional" and...

An eagerly awaited appeal of the high-profile case of Lazari Properties 2 Ltd & others v New Look Retailers Ltd & others has settled, leaving landlords and tenants with no further clarity on aspects of company voluntary arrangements (CVAs), an increasingly litigious area in real estate disputes. The case was...

The Financial Reporting Council (FRC) has implemented changes to the Audit Enforcement Procedure (AEP) that give the FRC Board a wider decision-making remit in respect of "referral cases". Following consultation, the FRC has implemented changes to the AEP, with effect from 30 June 2023, which mean that when a case...