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Briefing Notes

Life after LIBOR: the Critical Benchmarks Bill

The majority of LIBOR settings are due to come to an end on 31 December 2021. Draft legislation has now been introduced to deal with the transition of certain contracts (referred to as “tough legacy” contracts) which will not have been able to switch away from LIBOR before the end of the year. The Critical […]

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Druces advises Beaumont Cornish, Peterhouse Capital and Shard Capital in connection with Bradda Head Holdings Limited’s admission to AIM

Druces’ Capital Markets team has advised Beaumont Cornish Limited, Peterhouse Capital Limited and Shard Capital Partners LLP in connection with Bradda Head Holdings Limited’s proposed admission to AIM and conditional placing to raise £6.2m before expenses. Bradda Head is focused on appraising and developing lithium mining projects within North America in a variety of projects […]

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Six months until the end of LIBOR

In March, the FCA announced the dates that panel bank submissions for all LIBOR settings will cease. You can read our briefing note on this here. July marks six months until the end of LIBOR. Earlier this week, Edwin Schooling Latter, Director of Markets and Wholesale Policy at the FCA gave a speech on the […]

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Druces promotes Caroline Cropley to Head of Corporate Restructuring

Druces takes great pleasure in announcing that Caroline Cropley has been promoted to Head of Corporate Restructuring.   Over eight years at Druces, Caroline has developed a focus and specialism in corporate restructuring work, and, in recent months, she has been proactive in finding solutions for clients who needed urgent restructuring advice, due to the […]

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FCA announces dates for the end of LIBOR

On Friday 5th March, the FCA announced the dates that panel bank submissions for all LIBOR settings will cease, after which representative LIBOR rates will no longer be available. In a statement, which can be accessed here, the FCA announced that the following 26 LIBOR settings will permanently cease as follows: Immediately after 31 December […]

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