London Terms

London Terms

A form of debt relief for heavily indebted poor countries in which the present value of payments is reduced by up to one-half. The London terms were introduced by the Paris Club in 1991. This form of debt relief is a type of concessional restructuring.
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The referendum should be called as soon as possible but on Scottish and not London terms.
Note to Editors: All figures detailed in this press release include all known information at time of production on the lead London terms of airlines renewing with fleet values in excess of $150 million.
Pinsent senior partner Julian Tonks, who will retain the title in the new set up, said that in London terms the link-up with Biddle was a 'merger of equals' although Pinsent was the dominant force nationally.
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