Francesco Lione: Are the times ripe for „super senior” capital structures that include term loan debt? (579)
Features
William Steel, Seema Shukla: Deed polls: a difficult solution to a difficult problem (582)
Andrew Keay: Unsecured loans and ascertaining cash flow insolvency (586)
Rebecca Oliver: The National Security and Investment Act 2021: secured lenders can take comfort in latest guidance but exercising voting rights remains a risk (591)
James Burnie, Meghan Millward, Matthew Kimber: What’s at stake? The legal treatment of staking (594)
Sukhvir Basran, Eoin O’Connor: ESG integration in private debt (599)
Hanif Virji: Capacity: is the question of hedging or speculation mis-stated? (602)
Joshua Crow: ISDA Definitions 2021: Calculation Agent not required to produce objectively reasonable result (604)
Vishal Mawkin, Peter Young, Miguel Torres Caro: Project bonds and energy transition: a proven financing solution (606)
Lara Panahy, Nick Lister: „There is nothing so stable as change”: is the Treasury’s proposed new special admiinstration regim for stablecoin and other systemic DSA firms a change in the right direction? (610)
Anthony Dearing: Base metal traders betting on the courts to enforce their trades in a disorderly market (614)
Meera Ragha, Diego Ballon Ossio: English law in the 21th century: does it need an update to accommodate crypto? (617)
David Murphy: Regualory mandates and review in the 2022 Financial Services and Markets Bill: making their own homework (619)
Ajay Malhotra, Ceri Morgan, Zoe Diepstraten: Interpreting ICC standardised rules in trade finance disputes: courts take an international perspective (622)
In Practice
Catherine Phillips: Safe harbours in lending transactions: exclusions from the requirement to register express trust (625)
Iain Balkwill: CMBS and its new cousin, the CRE CLO (627)
Christine Ezcutari, Paolo Pinna: Sustainability-linked loans: what more do you need to know? 628)
Regulars
Case Analysis by Hogan Lovells (630)
Regulation Update by Norton Rose Fulbright (634)
Market Movements by CMS (637)
Deals (639)
Legal Ease by Lexis PSL (640)
International Briefings from Finland and Switzerland (641)
Luka Lightfoot, James Clarke, Natalie Butchart: I would if I could, but I can’t: the impact of sanctions on finance party interactions in typical debt-financing transactions (511)
Features
Matteo Clarkson-Maciel, Paul Fradley: The Excluded Asset Gap: why floating charges capture realisations of unsecured assets (515)
Charlotte Eborall, Sarah Parker: Bragging rights: termination clauses and implied duties of good faith (518)
Peter de Verneuil Smith, Shail Patel, William Harman: UK securities fraud litigation gains momentum: Autonomy and G4S (521)
Stephan Smoktunowicz: Legal conundrums: taking security from English limited partnerships (524)
Hin Liu, Louise Gullifer: Financial collateral arrangements in the digital asset world (527)
Hanif Virji: Musk v Twitter, it’s not just lawyers who have an opinion on the likelihood of success of the litigation, the market does too! (536)
Amy Held: Cryptoassets as property under English Law: surveying the present lie of the land (538)
Daniel May, Ceri Morgan, Nick May, Susannah Cogman, Minolee Shah: Russian sovereign debt default: a disputes perspective (543)
John Lee: The endgame: issues in enforcement against cryptoassets (545)
Phoebus L Athanassiou: Financial sanctions and the case for digital central bank money (549)
Chris Wallace: Take-off for digital bonds? The EU DLT pilot regime (553)
Michael Huertas: Supervisory tone sharpens further following ECB’s conclusions on its Desk Mapping Review (556)
In Practice
Sanjev Warna-kula-suriya, Mathilde Deschanet: The Draft RTS on ESG disclosures for STS securitisations: a hit or a miss? (559)
Fiona Henderson, Laura Collins:Embedded finance: key considerations for funders of platform borrowers (560)
Sohail Ali, Suhail Mayor: The “crypto crash”: a catalyst for further crypto litigation? (561)
Regulars
Book Review by Charles Ho Wang Mak (562)
Case Analysis by One Essex Court and Latham & Watkins (563)
Michael Huertas: Geopolitical uncertainty: managing market shutdown risks (223)
Features
Sa’ad Hossain: Is your MAE/MAC clause ready for the next pandemic? (230)
Chee Ho Tham: Burdening assignees with arbitration agreements via “conditional benefits” (234)
Kathrine Meloni: The National Security and Investment Act 2021 revisited: when are secured creditors obliged to make mandatory notifications? (239)
Helen Pugh: Delegation not abdication: directors’ duties under scrutiny in syndicated loans (243)
Kelly Sporn: Sustainability/ESG ratings: does the market measure up? (245)
Hugh Sims, Jay Jagasia: Blu-sky thinking: the Interfoto principle and terms incorporated by reference (247)
Faizal Khan, Thea Gausel, Toby Mann, Deborah Neale: Transfer restrictions in leveraged lending transactions: time for a re-assessment? (251)
Scott Ralston: Foreign financial crises and the consumer (255)
Anna Lintner, Philippe Kuhn: Quincecare and the liability of receiving banks: the Canadian story (259)
Julia Lu, Timothy Cant, David Capps: A comparison of re-proposed SEC Rule 9j-1 and the UK/EU Market Abuse Regulation (262)
Chloe Bell, Christopher Whitehouse: Stablecoins as security? Never say tether (266)
Georgia M Quenbí: The impact of the Corporate Insolvency and Governance Act 2020 and the Finance Act 2020 on drafting Loan Documentation and Practice: update (269)
Rachel Sleeman, Zachary Kell: Could’ve, would’ve, should’ve: commercial fraud and the reasonably diligent claimant (272)
In Practice
Ying-Peng Chin: ESG: authorities’ potential enforcement action against companies (275)
Lu’ayy Minwer la-Rimawi: The UK’s second batch of Sukuk and the question of Shariah compliance: exclusion clauses v due diligence (276)
Ajay Malhotra, Tom Wyer: Cryptocurrency, proprietary injunctions, freezing orders, and trusts: the law is not cryptic (278)
William Edwards: Decentralised Autonomuos Organisations: unincorporated companies by another name? (147)
Features
Edward Cumming, Harry Samuels: Seeing the world differently: litigation arising from ESG-related disclosure (150)
Daniel Winick, Andrew Young, Peter Dahlen, Thomas Critchley, Heba Hazzaa, Neil Cavanagh: Across the pond and back again: What direct lenders shold know before deploying historic dry powder (154)
Penny Angell, Dorothy Livingston: Reform of the law on deeds: options for the Law Commission (157)
Hin Liu: Digital Assets: the mystery of the „link” (161)
Timothy Cleary: Synthetic securitisation made simple: The EU STS Securitisation framework embraces synthetic securitisation (171)
Lodewijk van Setten, Charles Kerrigan: Digitised trading and settlement: Exchange 4.0 (176)
Piers Reynolds, Laura Feldman, Jack Helyar: The new FCA consumer duty: the interrelationship with regulatory and common law obligations (179)
Rumen Cholakov: Takeover Code Changes 2021: can lenders be forced to fund an illegal deal? (182)
Andrew Henderson: Prudential consolidation under the IFPR: Making sense of the ancillary services undertakings concept (184)
Chris Wallace, Charles Kerrigan: Something in the ether? The allure of digital bonds (186)
Anya Proops, Rupert Paines: Lloyd vs Google: the end of class action data privacy claim s or just the beginning? (189)
Richard Calnan: Interpreting stautes and contracts: what are the differences? Part 1 (192)
Spyridon V Bazinas: Secured finance law reform: the Joint Coordination Network (195)
In Practice
Jeremiah Wagner, Dan Marcus: Fund finance: the securisation question (198)
Charles Kerrigan: Crypto yield (199)
Hugh Evans, Sohail Ali: Section 32 Limitation Act: an evolving yet difficult route for claimants (202)
Carl Baker: The Bank of England’s first ever bail-in recognition (203)
Regulars
Competition Law Update by Kirkland & Ellis International LLP (204)
