Butterworths Journal of International Banking and Financial Law 2025/5

Spotlight

  • Suzanne Rab: Between co-operation and collusion? Liability Management Exercises in Europe (291)

Features

  • Vanessa Knapp: Proposed UK corporate redomiciliation: issues for lenders (295)
  • Philip Morrison: ECCTA 2023 and corporate decision-making: considerations for corporate practitioners (298)
  • Michelle Gilmore-Parry: „High water” mark EBIDTA provisions: should lenders fight fires with a pre-agreed „low water” mark EBITDA de minimis? (300)
  • Matthew Padian: So long, farewell: thoughts on transferring security (303)
  • Jonathan Haines: Digital assets and reform of the financial collateral regime (306)
  • Emily Fox, Maura McIntosh, Ceri Morgan, Vanessa Naish, Tiphaine Leverrier: Asymmetric juridiction clauses: when will they be effective? (310)
  • Khrystyna Khanas, Andrii Chornous: Recognition and enforcement of Ukrainian judgments against the Russian Federation in the UK (314)
  • Chris McDermott, Trent E Lindsay, Alix Prentice, Georg Pelling, Eric Starr, John Donnelly: Artice 12 of the US UCC and the draft English Property (Digital Assetsetc) Bill 2024: potential impacts on fund finance transactions (318)
  • Isabel Neelands, Trisha Shah: The lucrative AI debt market – disrupting traditional debt lending: Part 2 (323)
  • Peter Schwartz, Adrian Chiodo, Alexander Clarke: An overview of debt and royalty financing structures for life sciences businesses (327)
  • Jamie Rogers, Ellie Rees, Bethan Savage: Political risk insurance: safeguarding global supply chains amidst geopolitical tensions? (331)
  • Chloe Carpenter: Cross-border privilege (333)
  • Martin Blake, Graham Dunn: Understanding debt finance in football: debt factoring and secured loans (335)

In Practice

  • Fiona Swords: Beware minority shakeholders: lending to the professional services sector (339)
  • Jon Ford, Jack Moore, Clara Browne: Money laundering through the market: enhancing financial crime systems and controls for wholesale firms and trading venues (341)
  • Elenya Ekhaletruo, Claire Clayton-Stead: Merricks v Mastercard settlement: CAT clips litigation funders’ wings (343)

Regulars

  • Book Review by Simon C Y Wong (344)
  • Case Analysis by One Essex Court and Forum Chambers (346)
  • Regulation Update by Norton Rose Fulbright (350)
  • Market Movements by CMS (356)
  • Legal Ease with Lexis+® UK (358)
  • International Briefing from Finland (359)

Butterworths Journal of International Banking and Financial Law 2024/11

Spotlight

  • Leonrd Ng, Qalid Mohamed: Artificial intelligence in financial markets: systemic risk and market abuse concerns (715)

Feature

  • Sarah Paterson: The state of cross-class cramdown in the UK (719)
  • Craig Morrison: Knowing is half the battle: the economic torts and lender liability (722)
  • Matt Dunn, Jason Ewart: How do investors make returns on preferred equity? (726)
  • Michelle Glimore-Parry: The asset sales covenant: sometimes when it’s there it’s barely there at all! (728)
  • Nik Yeo: Crypto exchanges: an update on D’Aloia (731)
  • Louis Doyle: Marshalling by apportionment: a developing doctrine (736)
  • Gareth Old, Young Kim: Growing up or coming down to earth? Broader trends in the US CRT market (738)
  • Sung-Hyui Park, Edward Crane: Loans involving companies limited by guarantee: key issues for consideration (740)
  • Simon Clarke, Sarah Hawes, Ceri Morgan, Thomas Vaughan, Erica MacDonald: UK prospectus regime reform: potential impact on securities litigation (742)
  • Darragh Connell: Draft Property (Digital Assets etc) Bill: laying the foundations for the development of the common law (746)
  • Simon Fisher: Forewarned is forearmed: thoughts on the impact of an IT systems outage on security registrations at Companies House (748)
  • Philip Hertz, Michael Lyons, Rahim Darr, Dilara Topcu, Genevieve Morgan: English schemes of arrangement, restructuring plans, insolvency proceedings and the impact of sanctions legislation (751)
  • Russell Kelsall, Paula Twist: The Financial Conduct Authority, the court and the Financial Ombudsman Service: who is in charge? (755)

In Practice

Embedded law

  • Charles Kerrigan: A thought experiment on the future of legal services (757)
  • Herbert Smith Freehills: The auditor’s duty to report to the FCA when it suspects fraudulent activity (759)
  • Claire Clayton-Stead, Leontia McArdle, Megan Ineson: Is the FOS being fair and reasonable in its approach to unaffordable lending complaints? (760)

Regulars

  • Book Review by Geert van Calster of Governing law risks in international business transactions by Philip Wood CBE KC (Hon) (761)
  • Case Analysis by One Essex Court and a lecturer at Meiji University (Japan) (762)
  • Regulation Update by Norton Rose Fulbright (767)
  • Market Movements by CMS (771)
  • Deals (773)
  • Legal Ease with Lexis+® UK (774)
  • International Briefing from Switzerland (775)

Butterworths Journal of International Banking and Financial Law 2022/9

Spotlight

  • 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)

Butterworths Journal of International Banking and Financial Law 2022/8

Spotlight

  • 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)
  • Regulation Update by Norton Rose Fulbright (568)
  • Market Movements by CMS (573)
  • Deals (575)
  • Legal Ease with LexisPSL (576)