Scott Ralston: Lex situs and its discontents: English security over foreign assets (514)
Isabel Neelands, Anand Kannappan, Rebecca Qian: Debt financing of AI companies: identifying “AI assets” for the security net (517)
Vasanti Selvaratnam, Paul Schwartfeger, Kaity Crowe: (Un)reasonable endeavours: force majeure clauses and offers of non-contractual performance (521)
David Turner, Conor Ewing: Assignment or charge over warranty and indemnity insurance policies as security? (525)
Sarah-Jane Denton, Simon Witney: The Corporate Sustainability Due Diligence Directive: impact on financial services businesses (528)
Taraq Zafar Rasheed, Bogomil Kukovski: Mandatory collateralisation of hedging transactions under senior secured facilities (531)
Lee Federman, Adam Wolinsky: IOSCO Leveraged Loans and Collateralized Loan Obligations (CLOs) Good Practices for Consideration: how will this impact leveraged loan documentation? (534)
Karl Clowry, Seán McGuinness: Tacking: what further advances since 2002? (537)
Lucy Williams, Linda El-Halabi: Leading the charge (pun intended): international security transactions in the Middle East (542)
Roger Gherson, Valeriya Grebenkova, Cong Gao: Financial sanctions and investment treaty arbitration (545)
David Siesage: Judicial review in the financial services sector: a question of risk and reward (548)
Kit Smith: Anti-suit relief: Bourlakova and Magomedov and the non-contractual jurisdiction (551)
Danny Busch, Matthias Lehmann: Turn the Unfair Terms Directive into a Regulation! (554)
In Practice
Charles Malpass, Roxanne Paes: Lending transactions: putting the power in powers of attorney (558)
Charles Kerrigan, Claire Whittaker: Retrieval augmented generation in LLMs: AI for lawyers (560)
Hywel Jenkins, Jack Moore, Cat Dankos: Beware of regulators bearing gifts (562)
Jeremy Sher, Benjamin Fellows, Leontia McArdle: SRA warning on the conduct of mass financial mis-selling claims: what will be the impact on motor finance claims? (564)
Regulars
Case Analysis by One Essex Court and 4 Pump Court (565)
Sarah Peterson: A current legal problem when private equity is distressed (439)
Features
Matthew Watson: Everything settled? Risks for buyers trading on the secondary debt market (441)
Riz Mokal: The mysterious pari passu principle (443)
Mohamed Sacranie: When AI trading bots go rogue, think outside the (black) box (450)
Matthew Padian, Joanna Charter: Security release filings, a rogue filer and the Economic Crime and Corporate Transparency Act (454)
Rosalind Phelps: Does a bank owe a “retrieval duty” to the victims of fraud? (457)
Thomas Evans, Vishnu Patel: Amendments to the Payment Services Regulations to combat Authorised Push Payment Fraud (460)
Douglas Deutsch, Michelle McGreal, Sarah Campbell, Robert Johnson:_ DIP financing in US Chapter 11 cases: how sponsors are utilising equity conversions to obtain recoveries in reorganised debtors (464)
Zara McGlone: Risks for lenders as sole signatories on blocked accounts (468)
Julian Craughan, David Palmer, Steven Minke, Jane Griffiths: New originators, are you ready for securitisation? (470)
Nicholas Kagan, Paul Eastham, Rachel Stables, Andrea Thomas: Certain key issues in private credit: loan structuring, tax issues and conflict considerations ((473)
Pim Rank, Ebbe Rogge: Shortening the settlement cycle to T+1: not if but when (476)
Russell Kelsall. High Court dismisses unmeritorious “freeman on the land” claims against mortgage lenders (479)
Edward Xuejun Li, Monica Neamtiu, Zhiyuan Tu: Strategic secrecy in loan covenant disclosures (481)
Paul Marshall: Electronic trade documents: what is a reliable computer system? and problems in contracting for a “reliable system”: clarification and correction (483)
In Practice
James Bell: Advising a guarantor (485)
Helen Coverdale, Matthew ThornBe careful what you register: Re VE Global UK Ltd (488)
Mark Drury, Jennifer Ellis, Kelly Knight, Ben Kerawala, Uden de Silva: IMN Euro CLO Forum 2024 key takeaways (490)
Ian Wilson: Preserving the pillars of banking law: safeguarding core legal principles in an age of consumer protection (363)
Features
Robert Amey: Voting issues in debtor schemes of arrangement and restructuring plans: the rights of sub-participants (366)
Eilis Ferran, Narine Lalafaryan: Private finance and financial assistance (369)
Tina Kyriakides: Is crystallisation crystal clear? (371)
Jonathan Davies-Jones, Christopher Burdin: The correct approach to findings of foreign law: precedent and policy (374)
Philip Wood: Ar corporate lawyers interested in governing law? (378)
Nick O’Grady, Philippe Bernier-Cormier, Gabby White: Pre-funding: the secret to a smooth closing or a minefield of risks? (380)
Andrew Tetley, Romain Farnoux: Assigning receivables on either side of the Channel: a comparative note on French and English law (382)
Paul Marshall: Electronic Trade Documents: what is a reliable computer system? and problems in contracting for a „reliable system” (386)
Duncan Henderson. Delisting the dead: a UK perspective (395)
Tom Marshall: Decentralised Artificial Intelligence (399)
Elena Bernal: Will private credit CLOs emerge as a new funding tool in Europe? (404)
Iain MacNeil: ESG as a case-study in legal uncertainty (406)
Daniel Lühmann, Malcolm Smith, Bastian Kaufhold: The consolidated prudential supervision of investment firm groups in the EU: practical implications on group parent entities (410)
In Practice
Sukh Ahark: Key considerations for lenders when lending to individuals (415)
Suzana Sava-Montanari, Jaime Hall, Kamal Dalal: US SRT structures require cross-practice and cross-geography legal expertise (417)
Fiona Henderson, James Dickie: Secured vs unsecured personal lending by fintechs (419)
Regulars
Competition Law Update by Kirkland & Ellis LLP (420)
Case Analysis by Hogan Lovells (422)
Regulation Update by Norton Rose Fulbright (425)
Market Movements by CMS (428)
Deals (430)
Legal Ease by Lexis+ UK (431)
International Briefings form the UAE and France (432)
Tetyana Nesterchuk: Unlocking the use of Russian Central Bank assets: is collateralisation the answer? (295)
Features
Louise Gullifer: Non-notification receivables financing: can the assignor sue without joining the assignee? (299)
Jeremy Duffy, Tom Falkus, Richard Lloyd, Sherri Snelson, Samantha Richardson: Fund finance and sustainability: new guidance on the application of the SLLPs (303)
Christopher Boardman, Tom Beasley: Pitfalls with board resolutions authorising loan facilities (306)
Daniel Lightman, Reuben Comiskey: The rule in Clayton’s Case: its application in non-banking relationships (309)
Brie Stevens-Hoare: Delivering valid notices of assignment: s 136 in 2024 (312)
Matthew Parker: Does the restoration of Crown preference mean that guarantors can get off the hook? (316)
Emmar Radmore, Natalie Caple: Joining the dots: a wider use for AML e-verification tools? (319)
Nicholas Broomfield: A mortgagee’s accountability for mortgage valuations following Shokrollah-Babaee v EFG Private Bank (321)
Angela Batterson: The dynamics of insurers as lenders in the NAV market (325)
Charles Kerrigan, Charlotte Bellamy: Artificial intelligence in syndicated lending (327)
Sam Roberts: Channel Islands and statutory fences: obtaining evidence for use overseas (333)
Paul Ferguson, Karl Clowry, Harriet Territt, Aziz Abdul: Going cashless: the treatment of cryptoassets in insolvency proceedings (335)
Caroline Dawson, Paul Ellison, Sara Evans: Enhancing trust in ESG ratings: welcome moves to fix the ecosystem (337)
In Practice
Laura Smith: Rated subscription lines: bringing fund governing documents and finance documents into focus (341)
Jon Ford, Michael Tan: CP24/2: a comparison with other International Financial Centres (343)
Lee Harding, Prag Sivaguru: Culture and D&I in Financial Services: the latest reforms to shift the dial (344)
Lu’ayy Minwer Al-Rimawi: The critical importance of “Shariah compliance” in the Islamic financial services industry: the UK’s need for jurisprudential clarity (346)
John Jarvis, Gretel Scott: Legal assingnments: what does „under the hand of the assignor” mean for companies? (219)
Features
Jonathan Hardman: Moveable Transactions Reform in Scotland: acquiescence and the perils of over-pledging (223)
Peter Hayes: Drop downs and up-tiers in English law loan documentation (226)
Raza Naeem, Teodora Paneva: UK SDR: setting the ESG blueprint for the world? (230)
Dan Harris: From PSG’s strip to the Gaza Strip: critical issues for those managing Qatar’s money after 7 October (233)
Hugh Sims, Anna Lintner: Reliance revisited: is „conscious awareness” a requirement of reliance/ inducement in all misinterpretation cases, or a bridge too far? (236)
Lucy Aconley, Luke Sampson: Distressed insurers: recent insolvency reforms and future resolution framework (241)
Jo Windsor: Part 26A Restructuring Plans: how significant is the Court of Appeal’s judgement in Adler? (246)
Emma Bullen: Limited Liability Partnerships and enforcing security over a member’s interest (249)
Hin Liu: Transferring legal title to a digital asset: shared and limited control arrangements (Part 2) (251)
James MacDonald: Covid, aircraft financing nad the duty to mitigate (260)
Zoe O’Sullivan: Welcome clarification from the DIFC Court on the amendmenst to the UAE Federal Banking Law (262)
Kate Ollerenshaw: Retained EU law: a tale of two statues (264)
Annabel Smith, Zoe Jensen: Availability of costs for individuals who successfully challange an FCA decision against them (267)
Pablo Iglesias-Rodriguez: Gatekeeper liability in Spain after Gowex (270)
In Practice
Alex Smith: Biodiversity finance: becoming second nature (275)
Alex Martin, Dan Marcus: European middle market CLOs could rise in 2024: despite some challanges (277)
Kate Patane: Lat but not least: consultation involvement key to avoiding regulatory divergence in public and private securitisations (278)
Matthey Hoyle: Crying wolf: the effect of sub-participants exercising control over lenders in the medium-term loan market (147)
Features
Michael Chernick, Sara Coelho, Shameer Shah, Kevin Heverin, Magnus Wieslander, Camille Masse-Pfister: Dipping over here and dipping over there: lessons learned from recent double dip transactions (151)
Vasanti Selvaratnam, Emile Yusupoff, Satya Talwar Mouland: An assessment of the reliability requirement in the Electronic Trade Documents Act (156)
Oliver Shafe, Jamie Rogers: Taking robust security over warranty and indemnity insurance policies (159)
Paul Cluley: The Bankruptcy Event of Default under ISDA: Part 2 (162)
Matthew McGhee: Quincecare, agency and conflict of laws: what law do we look to? (166)
Paul Blackmore, Alice FrydlHook, line … or sinker? Navigating dowry sales (168)
Richard Calnan: The Draft Secured Transactions Code: its main features and lessons learnt (171)
Robert ThomasThe impact of the Electronic Trade Documents Act 2023 on bank practice in trade finance (174)
Lara Kuehl: Foreign crypto arbitrations and UK consumer rights: a culture clash? (176)
Giovanni Bandi: DeFi: game changer for regulatory reporting (180)
Carloine Jackson, Alex Potts: If the law supposes that crypto cannot be property, then the law is an ass (183)
Paul Deakins, Julia Machin, Jessica Walker: The new UK public offers and admission to trading regime: impact on debt capital markets (188)
Sarah Caldwell: What’s next for the EU Directive on NPLs? (192)
In Practice
Amy Kennedy, Liz Osborne, Lauren Pflueger: Transferability: does there need to be a re-balance? (194)
Alex Martin, Kristine Kozicki: Consolidation in the CLO management industry: hampered by EU and UK risk retention requirements? (196)
James Dickie: Embedded finance and chargebacks: consumer duty and proposition structuring (198)
Regulars
Book Review by Rossn Cranston and Richard Salter (199)
Competition Law Update by Kirkland & Ellis LLP (201)
Case Analysis by a reserch student of the Law Faculty at Oxford University (203)
Jonathan Haines: Rethinking rights of use as an English law concept after Brexit (75)
Features
Stuart Brinkworth: Liquidity covenants to the fore (80)
Nik Yeo: Byers v Saudi National Bank: bona fide purchase, knowing receipt and crypto litigation (83)
Paul Cluley: The Bankruptcy Event of Default under ISDA: Part 1 (86)
Katie Hoyle, Toby Mann: LMA €STR fallbacks to EURIBOR: use in corporate lending transactions (91)
Luke Broadway: Undisclosed agency: characterisation and conflict of laws (93)
Simon Mills, Louis Granjouan:Boilerplate terms restricting freedoms in composite transactions: some traps for the unwary (97)
Sonya Branch, Jeff Ward: The Nine Cloud Dream: an introduction to the UK’s new oversight regime for critical third parties (100)
Sarah Garvey: Hague 2019: extending the lifespan of asymmetric jurisdiction clauses? (104)
James Morgan, Zachary Kell: “Trust, not distrust”: can Quincecare apply to cryptocurrency transactions on exchanges? (108)
Mark McGuire: Risk retention in securitisations: if not the original lender, who else? (111)
Diego Ballon Ossio, Meera Ragha: Unlocking the predictive power of AI in the investment management industry (114)
Wojtek Buczynski: Change is the only constant: how to avoid static regulation in the age of AI and other emerging technologies (117)
Julian Roberts: Regulating financial innovation: starting from scratch (120)
Phoebus L. Athanassiou: Central Bank Digital Currencies, anonymity and privacy: squaring the circle (124)
In Practice
Dominic Stuttaford: International financing structures: increased focus on withholding tax (127)
Leontia McArdle, Rachel Tookey, Stewart Plant: De-banking: what next for payment service providers? (128)
Hywel Jenkins, Clive Cunningham, Cat Dankos: More than meets the eye: a new UK regime for critical third parties: what does it mean for regulated firms? (129)
Regulars
Jo Braithwaite: Book Review (131)
Case Analysis by One Essex Court (Frischmann/ LLC Eurochem) (132)
David Quest: Large language models: a legal liability minefield (735)
Features
Charles Kerrigan: What does AI mean for professional services business models? (738)
Tom Leary: Regulation 7(4) : when is an entity controlled by a sanctioned person? (742)
Jamie Macpherson, Andrew Perkins, Henry-Stewart Brown, Samuel Brooks, Sophie Donnithorne-Tait: Private credit continuation funds: a developing frontier for secondary transactions? (745)
Chee Ho Tham: Assignment (or novation) of indemnity policies? (748)
Henry O’Connor: The key to harnessing the ownership powr of NFTs: the need for standardised decentralisation protocols (753)
George Pelling, Ijeoma Nwala, Samantha Hutchinson, Adam Blakemore, Satvi Vepa, Alix Prentice: Enforcing security over limited partner interests in English limited partnerships (758)
Stephanies Tozer, Kavish Shah: Damages for the damnified? What DOES Law of Property Act s 104(2) mean? (763)
Andrew Thornton, Ben Shaw: A company’s objects: do they still matter? (765)
Tauhid Ijaz, George Kiladze: Significant Risk Transfer’s impact on the output floor under Basel III: the EU’s proposed panacea unveiled (768)
Peter Alderdice: Scotland’s new statuory pledge: taking security from individuals and unincorporated organisations (774)
Alexia Knight: The Mandatory Reimbursement Scheme: the obvious points of conflict within the proposals (777)
Anthea Bowater, Simon Orton: ESG litigation in the context of financial services: a global gear change? (779)
Edward F Greene, Jared Gerber, David Lopez, Duane McLaughlin, Emily Arndt, Sabrina Singer, Brandon Welcome: The need for a modernised response to financial product regulation (783)
In Practice
Kerry Langton: Lender diligence over Intellectual Property Rights and taking security over domain names (787)
Stuart Murdoch, Rory Milkova: Does the „D” in PSD3 stands for „divergence”? PSD3 and payment services in the UK (789)
James Barrett: Coaching andd the corporate witness (791)
Duncan Sheehan: Digital Assets: why the Law Commission are wrong about control (3)
Features
Andrew Thompson, Philip MorrisonCarillon: a director’s strict duty to know the company’s true financial position? (5)
Rabin Kok: Third party rights and the LMA suite of Debt Documents (8)
Alan Davies, Michelle Gilmore-Parry: The rise of “hybrids” in the ever-converging PIK and Preferred Equity landscape (11)
Akber Datoo: Offer and acceptance … and sailing into the terms of decentralised networks (15)
Stephen Moverley Smith, Rachel Carver: Can beneficial noteholders commence insolvency proceedings? Diverging views emerge across the offshore world (21)
Dan Hirschovits, Aaron Ferner, Joshua Bunn: Going public: the impact of IPOs on facility agreements (24)
Susan Wong, Lim Wei Lee, Felix Lee: Sanctions clauses in documentary credit transactions: a cautionary tale (28)
David Rouch: Investor duties and sustainability: the turn towards tackling sustainability challenges (31)
Matthew Parfitt: Just a minute: inserting the time into pre-prepared board minutes (36)
Benjamin Pilling, Ruth Bala: Shared appreciation mortgages: how far can the “unfair relationships” regime stretch? (38)
Ciarán McGonagle, Finn Casey Fierro: For whom the code tolls: an integrated, modular architecture for smart derivatives contracts (41)
Simon Crown, Monica Sah, Sara Evans: Third country market access for core banking services in the EU: all change from autumn 2026 (45)
Jacob J Meagher: The implications of the novel “Audit Duty” on professional service firms: Part 2 (49)
In Practice
James Greene, Martin Forbes, Nicola Chapman, Man Hay Yip, : The art of the intercreditor Ripping up the rulebook: financing the energy transition (54)
Chris Armstrong, Christopher Sullivan: Preparing for a new UK securitisation framework (56)
