Sarah Worthington: Fixed and floating charges: still favouring absolutism over multi-factored nuance (583)
Features
Geoffrey Wynne, Jacqueline Cook: The Electronic Trade Documents Act 2023: the key to the future? (587)
Richard Boynton, Kon Asimacopoulos, Sean Lacey, Hannah Crawford, Kate Stephenson: Galapagos: proper construction of Distressed Disposal provisions in intercreditor agreement (590)
James Hall, William Golightly: The risks of attempting to rectify mistakes in security documents, without seeking a court order (594)
Daniel Winick, Mark Presso, Andrew Young, Heba Hazzaa: Wall Street-led secondary trading of private credit loans: considerations for stakeholders (599)
Hamish Patrick, Andrew Kinnes: Moveable transactions: Scotland v England: Round 1 – assigning receivables (602)
Piers Reynolds, Laura Feldman: New challenges for tackling Authorised Push Payment fraud (605)
Lee Federman, Tom Miller: Don’t put all your debt in one basket: debt incurrence flexibility in leveraged finance transactions (610)
Richard Hoyle: The fiduciary’s divestment dilemma: ESG and the age of climate change (612)
Rachel Tandy, Chris Haan: Collective stress or collective redress? Examining available mechanisms for securities litigation in England and Wales (616)
Tim Lees, Sarah Jane O’Leary, Kasia Lorenc: In sync across borders: embracing parallel processes for successful restructurings (620)
Thomas Wong: English law-governed Keepwell Deeds enforced by Hong Kong courts against PRC insolvent companies (623)
Chris Wallace: The Digital Securities Sandbox (627)
Giovanni Bandi, Yasser Nasser: The Cambridge Regulatory Genome Project: a must in a world of regulation technologies (629)
In Practice
Michael Leadbeater: Super senior facilities: a recap on key documentary terms (632)
Rebecca Oliver: Taking effective security over future acquired assets: the importance of contractual intention (634)
Matthew Cox. Lana Ahern, Gabby White: Can the consent of an obligor be taken at face value? (636)
Regulars
Book Review by Ross Cranston, LSE (638)
EU Update by Mauro Megliani, Catholic University of Milan (639)
Case Analysis by Hogan Lovells and Volterra Fietta (641)
James Palmer: Risk elimination by legislating: the limits of the law and challanges of reality (287)
Features
Justina Stewart, Lucian Ilie, Anson Cheung, Hanif Virji: Credit Suisse, AT1 Bonds and taking the BIT between the teeth (293)
Ayowande A McCunn, Paul L Davies: On the regualatory discretion to write off AT1 capital (302)
Bobby Butcher, Elli Karaindrou: Regulation of small banks in the UK: lessons learned from SVB UK (306)
Ferdisha Snagg, George Bumpus, Andreas Wildner: Reforming the UK’s e-money and payment services safeguarded funds regimes: better safe than sorry (310)
Greg Brown: Sustainability-linked loans: how „green-washing” risk is mitigated in documentation (313)
James Palmer: The urgent need for better law and rule making: challenges and solutions (371)
Features
Avinash Persaud: Lesson from the SVG collapse for banking reputation (380)
Kate Sumpter: Re-fencing: the pitfalls, and opportunities, of M&A ofr ring-fenced banks (382)
Jo Windsor: The impact of Pt 26A Restructuring Plans on intercreditor dynamics (385)
Hanif Virji: Wht is collateral special value? (389)
Richard Aikens, Andrew Dinsmore: The practicalities of pleading and proving foreign law in modern financial litigation (392)
Isobel Bull, Brenda Rweyemamu: Time to hit the road: considerations when replacing trustees on secured debt transactions (395)
Richard Lissack, Robin Lööf: Failure to prevent fraud: making up for failure to prosecute? (397)
Elizabeth Ovey: Subrogation and the case of the dissolved co-debtor (400)
Hannah Fearn: Using guarantees for capital relief: legal characterisation matters (404)
Matthew Watson, Sarah Rutnah: Commercial choices: are Braganza duties path to payment under commission agreements? (407)
Elaine Chan, Sion Yoong Tian: Crypto headwinds: an overview of regulations in Singapore, the EU, UK and US (410)
Phoebus L Athanassiou: Retail Central Bank Digital Currencies: core assumptions and legal implications (414)
In Practice
Rebecca Hoskins, Katie Hoyle, Julia Machin: Practical Implications of USD LIBOR panel cessation for „tough legacy” contracts: a brief refresher (416)
Alex Martin, Ellen Marks, Kristine Kozicki: Conflicting signals? Potential impacts of the SEC’s proposed conflicts of interest rule on UK and EU CLO managers (418)
Fiona Henderson, Laura Collins: Embedded finance: Dear CEO (420)
Regulars
Competition Law Update by Kirkland & Ellis International LLP (421)
Case Analysis by Hogan Lovells, 3 Verulam Buildings and a restructuring attorney based in Hong Kong (423)
Richard Salter: Are leveraged LDI strategies lawful? (71)
Features
Peter Watts: Sequana in the Supreme Court: cautious confirmation of the creditor-extension to the director’s duty of loyalty (74)
Kenneth MacLean: Appropiation of financial collateral under English law security financial collateral arrangements (79)
Roger Jones: TARGET 2 – TARGET 2 Securities Consolidation: major change to payment standards (82)
Toby Mann, Katie Hoyle: Loan documentation and risk-free reference rates: current overview (85)
Ignacio Tirado, Hamza Hameed: Spacecraft financing: an international secured transactions regime for space assets (87)
Marco Mazzola, Adrian Mellor, Christophe Jacquemin, Stefan Kuhm, Andreas Hommel, Bénédicte Kurth: Preserving security interests and guarantees in key EU juridictions when the underlying obligation is varied (92)
James Smallwood: Collateral quality or increased recoveries: CLO portfolio management in a time of credit deterioration (96)
Steven Barrett: Are sole director companies all acting unlawfully? (100)
Lodewijk Van Setten: Cryptographic tokens: three categories of personal property? (102)
Owen Lysak, Ramya Juwadi: AIFMD2 proposals on loan origination (105)
Daniel Schwarz: Central Bank Digital Currencies and competition laws: recognising the importance of competition laws in the CBDC ecosystem (107)
William Hibbert: The new FCA Consumer Duty: the interrelationship with the Senior Managers and Certification Regime (113)
Zi Yang: Is it wise for UK CCPs to clear crypto derivatives? (115)
In Practice
Stacey Pang, Janis Bille: Scope 1, 2 and 3 emissions as KPIs in sustainability-linked loans (119)
Chris Harvey, Sam Gokarn-Millington: First Bankers Trust order against overseas cryptocurrency exchanges using new „gateway” (121)
Lu’ayy Al-Rimawi: UK Islamic mortgages and Shariah-compliance: the imperative of eschewing legal wizardry (122)
Regulars
Case Analysis by One Essex Court and Merton College (124)
James Palmer: Risk elimination by legislating: the limits of the law and challenges of reality (287)
Features
Justina Stewart, Lucian Ilie, Anson Cheung, Hanif Virji: Credit Suisse, AT1 bonds and taking the BIT between the teeth (293)
Ayowande A McCunn, Paul L Davies: On the regulatory discretion to write off AT1 capital (302)
Bobby Butcher, Elli Karaindrou: Regulation of small banks in the UK: lessons learned from SVB UK (306)
Ferdisha Snagg, George Bumpus, Andreas Wildner: Reforming the UK’s e-money and payment services safeguarded funds regimes: better safe than sorry (310)
Greg Brown: Sustainability-linked loans: how “green washing” risk is mitigated in documentation (313)
Mark Dwyer, Antony Hainsworth: Flight of the deposits – (2023) (207)
Features
Simon Salzedo, Tom Wood: Improper leverage? Own interest conflicts and the designation model in leveraged finance transactions (209)
Deborah Sabalot Deane: The Great Game: UK financial services and the Edinburgh Reforms programme (212)
Philip Morrison: Board minutes after Sequana: practical advice for the corporate drafter (216)
Iain Clacher, Con Keating, Philip Bennett: Are leveraged LDI strategies lawful? A rejoinder and a request (219)
Edward J. Nalbantian, Caroline A Talbert: Syndicated lending and third-party agents: a practical primer (224)
Thomas Papadogiannis Varouchakis: Risks for investors at the post-insolvency stage of the covered bond issuer (227)
Hanif Virji: Valuing swaps: what exactly are “hidden costs” and “mark-to-market”? (231)
Riz Mokal: What is an insolvency proceeding? (234)
Amy Held: Cryptoassets as property under English law Pt II: ownership, situs and the circular question of jurisdiction (236)
Matthew Weaver: Re Duomatic: plugging holes and fixing oversights but not all of the time (241)
Tom Marshall, Charles Kerrigan: Warranties in corporate transactions involvng tokens or blockchains: a proposal for a foundational approach (243)
Mary Bear, Jon Burke, Christopher P Duerden, John McGrath, Richard Pugh, John M Timperio, Lindsay Trapp, David E Miller, Eric Zeng: Collateralised Fund Obligations (CFOs): th technicolor dreamcoat of fund finance from a US and UK/EU perspective (248)
Ferdisha Snagg, Laura Prosperetti, Andreas Wildner: A MiCAR for the UK? Or something else altogether? (255)
Spyridon V Bazinas, Georgios Psaroudakis: Security interests in insolvency: UNCITRAL instruments and Greek law compared (259)
In Practice
Monia Volpato, Rachit Agarwal: Intra-group loan agreements: what do finance lawyers need to know? (262)
David Milligan, Daniel Nevzat, Tamara Ubink: “Double materiality”: what does it mean for non-financial reporting? (264)
Marc Craggs, Helen Coverdale: UK government consults on new insolvency model laws (267)
Regulars
EU Update by Aikaterini Theodosopoulu, Vasiliki Pappgagiannopoulou (269)
Case Analysis: by 3 Verulan Buildings, Wilkie Farr & Gallagher LLP and South Square (271)
Simon CY Wong: Governance to keep net zero transitions on track (143)
Features
Raquel Agnello: What is the effect on a transaction if the Pensions Regulator brings successful proceedings under the Pension Schemes Act 2021? (148)
Lisa Lacob: When is a third party on notice of an agent’s lack of ostensible authority? (152)
Michael Brown, Thea Gausel: Synthetic risk, real issues: secondary transfers of credit risk instruments (154)
Nick Lister, Sian Perez, Andrew Denny, Nick Gomes: Credit defaults: practical tips when pressing the accelerator (156)
Sophia Hurst: Decrypting conflict of laws (158)
Edward Cumming, Tom Stewart Coats: Referring to legislation in finance documents: more than you bargained for? (162)
Andrew Fulton: Swaps litigation: the continuing search for certainty (164)
Moeiz Farban, Richard Firth: In context: the FMLC and its paper on good faith (168)
Leon Stephenson, Brendan Gallen: The impact of rated note feeder funds on subscription-line facilities (172)
Rita Hunter, Melanie Johnson: Sustainability related disclosures: EU SFDR vs UK SDR (174)
Nicholas Williams, Bronwen Jones, Thomas Webley: LMA Defaulting Lender provisions in today’s growing non-bank loan market (178)
Roger Laville: Enforcing judgments against pension assets: a developing juridiction (181)
Tim Lees, Michelle McGreal: COMing apart? Centre of Main Interests under Chapter 15 and the EUIR (184)
In Practice
Patrick Leftley, Becky Critchley, Tracy Dariane: The FCA’s new consumer duty could affect FCA regulated investors in asset backed financing of products offered to retail customers (187)
William Sutton: European commercial real estate CLOs: some thoughts on a developing asset class (189)
Fiona Henderson, Laura Collins, Alexis Alexander: Embedded finance: revenue-based financing and responsible lending (190)
Regulars
Competition Law Update by Kirkland & Ellis LLP (191)
