LMA publishes description of market disruption clause | Practical Law

LMA publishes description of market disruption clause | Practical Law

On 30 September 2008, the Loan Market Association (LMA) published a brief description of the market disruption clause in its recommended forms of primary documents, available in the members' area of the

LMA publishes description of market disruption clause

Practical Law UK Legal Update 4-383-5468 (Approx. 2 pages)

LMA publishes description of market disruption clause

by PLC Finance
Published on 01 Oct 2008 • England, Wales
On 30 September 2008, the Loan Market Association (LMA) published a brief description of the market disruption clause in its recommended forms of primary documents, available in the members' area of the
LMA website
.
This follows the Association of Corporate Treasurer's statement on invoking the market disruption clause, see Legal update, ACT states loan agreement market disruption clauses should be invoked only as a last resort.