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This Practice Note sets out key cases that either specifically reference Loan Market Association (LMA) standard form documentation or interpret wording found in LMA documentation.

Please note that this key cases list is selective and focuses on interpretation of standard wording. It does not include every case that may be of relevance to a particular clause or point of law.

To assist you with your research, you may wish to look at the Banking & Finance case tracker—this sets out all cases (including a short summary) that the Banking & Finance team has reported on since January 2013, divided into topics.

You may also wish to look at our key cases lists set out below. These contain the key cases on a particular topic or area of law and are not date limited:

1. •

   acceleration of debt and enforcement of security—key cases

2. •

   Assignment—key cases

3. •

   Construction of finance documents—key cases

4. •

   Fixed and floating charges—key cases

5. •

   Guarantees—key cases

6. •

   material adverse change clauses—key cases

7. •

   Schemes of arrangement—key cases

8. •

   Set-off—key cases

9. •

   Validity of security—key cases

10. •

    Resolving