Butterworths Journal of International Banking and Financial Law 2023/8

Spotlight

  • Graham Penn: A wolf in sheep’s clothing: are transfers of economic interests undermining privity of contract in the medium-term loan market? (507)

Features

  • David McIlroy, Ruhi Sethi-Smith: No point preventing fraud? Philipp v Barclays Bank
  • Paul Fradley, Matteo Clarkson-Maciel:The spectre of Spectrum: after Avanti and the sliding scale of floating to fixed charges (517)
  • Mohamed Sacranie:Blue pill or red pill? Into the Tulip Trading rabbit hole (521)
  • Akhil Shah, Daniel Schwennicke:Damages for breach of anti-assignment clauses (525)
  • Edward J Nalbantian, Liz Saxton:Hedging and lending: a practical guide (527)
  • Michael Collett:Illusory security of banks in trade finance (531)
  • Matthew Bisanz, Angela Ulum: A path back to growth for community banks: credit risk transfer trades (535)
  • Hanif Virji:Repos used in LDI should be seen as either loans or derivatives, but not neither! (537)
  • Gretel Scott: Remedies for victims of crypto fraud (539)
  • James Sheesan:Russian sanctions in the English courts (543)
  • Pim Heemskersk, Roger H J Cox:Banks’ climate liability: what to learn from states and oil majors (547)
  • Philine Wehling: A roadmap for legal reform: the future UNCITRAL/UNIDROIT Model Law on Warehouse Receipts (553)
  • William Brydie-Watson: The missing piece of the puzzle: the adoption of the UNIDROIT Model Law on Factoring (556)
  • David Pygott: The future of FCA enforcement (562)

In Practice

  • Christopher Boyd: Implications of proposed legislation in New York for sovereign debt restructuring (564)
  • Charles Kerrigan, Isabel Neelands: Generative AI, banking and financial markets (566)
  • Jeremy Sher, Claire Clayton-Stead, Erin Sculthorpe: Climate derivative actions: over before they began? (567)

Regulars

  • Book Review by Charles Béar KC of Fountain Court Chambers (568)
  • Case Analysis by One Essex Court (569)
  • Regulation Update by Norton Rose Fulbright (572)
  • Market Movements by CMS (577)
  • Deals (579)
  • Legal Ease with Lexis®PSL (580)

Butterworths Journal of International Banking and Financial Law 2023/4

Spotlight

  • 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)
  • Regulation Update by Norton Rose Fulbright (277)
  • Market Movements by CMS (280)
  • Legal Ease with LexisPSL (282)
  • International Briefing from Switzerland (283)

Butterworths Journal of International Banking and Financial Law 2022/11

Spotlight

  • Avinash Persaud: The bubbling emerging market crisis and what the world should do about it (719)

Features

  • Ben Hubble, Saman Pourghadiri: Pension scheme’s liability driven investment strategies: what went wrong? A lawyer’s guide (721)
  • Carlo de Vito Piscicelli, Sarah Haddad: Erroneous payments in syndicated loans: the future of the „Revlon blockers” (723)
  • Andrew Thornton, Ben Shaw: The doctrine of universal succession in English law and its impact on the transfer of finance arrangements (725)
  • Amy Kennedy, Clare Cottle, Colin Kavanaugh, Rebecca Davies: The growing emergence of competitive tension in the liquidity market (729)
  • Philip Wood: What really happened in legal history (731)
  • David Sawtell:The Economic Crime (Transparency and Enforcement) Act2022 and English land registration (733)
  • Matthew Parker: Claiming subrogation where a debt owed by a third party is discharged by a payment made by mistake (736)
  • Charles Kerrigan: The point of DAOs; and of crypto lawyers (739)
  • Diana Stoean, Matthew Kimber: Bind to law: Soulbound tokens and property law (744)
  • David Milne: The vexed and litigious question of „unallowable purpose” (747)
  • Lisa Curran: Law v policy: judicial review and judicial deference in the age of hyper-regulation (750)
  • Rebecca Keating: Dojima rice and digital assets: new tech, old problems? Market manipulation by cryptocurrency exchanges (755)
  • Marcin Krzemien: From Poland with no trust: protection of securities held by financial intermediaries (758)

In Practice

  • Fiona Henderson, Laura Collins: Embedded finance: market challanges and market changes (761)
  • Karen Butler, Erin Sculthorpe: Corporate climate-related disclosures: what’s next? (762)
  • Karen Anderson, Jon Ford: When AI meets the consumer duty (763)

Regulars

  • Book Review by Ross Cranston (765)
  • Case Analysis by one Essex Court and Merton College (766)
  • Regulation Update by Norton Rose Fulbright (772)
  • Market Movements by CMS (775)
  • Deals (777)
  • Legal Ease by Lexis PSL (778)
  • International Briefing from China (779)

Butterworths Journal of International Banking and Financial Law 2022/6

Spotlight

  • Jonathan Dawid, Emilie Gonin: Countering counter sanctions: treaty based remedies for investors in Russian assets? (371)

Features

  • Gavin Irwin, Merry van Woodenberg: Financial sanctions: prohibitions extended to persons „connected with” Russia (374)
  • Matthew Padian, Lucy Trott: The impact of the new Economic Crime Act on loan documentation (378)
  • Ryan Ferro: Knowing receipt and the proprietary base: Part II (380)
  • Hanif Virji: A contradiction of terms: is stock-lending compliant with the ethos of an ESG fund? (384)
  • Chloe Carpenter: Interest under a loan linked to a base rate: issues to consider (3869
  • Hamish Patrick: Movable Transactions (Scotland) Bill: some funding opportunities (389)
  • Tim Akkouh, David Baker: Reforms to Unexplained Wealth Orders: the sword and the shield (3929
  • Raza Naeem, Seraphina Chew: SFDR RTS ens ESG sectoral amendments: mismatches and implementation (395)
  • Julian Craughan, Andrew Carey, Andrea Salsi, Steven Minke: Talking about a revolution: making ESG securitisations mainstream (397)
  • William Johnston: Protection from creditors: the law’s continuing development for corporates in Ireland (401)
  • Tom Astle, Charlotte Lamb: Direct lending in a distressed world (405)
  • Paul Mousel: Protection of clients’ securities in Luxembourg law (4089
  • Hossein Nabilou: Transaction finality in blockchains: legal considerations (411)

In Practice

  • Michael Lyons, Ellen Lake, Hannah Ovaisi, Miranda Harrison: Economic Crime (Transparency and Enforcement) Act 2022: sanctions update (416)
  • Jeremiah Wagner, Kamal Dalal: Don’t forget about the NSIA: potential implications for securitisations (418)
  • Charles Kerrigan, Ruth Marken, Yasmin Musker: Financial covenants for fast-growth businesses: the new market norms (420)

Regulars

  • Competition Law Update by Kirkland & Ellis International LLP (422)
  • Book Review by Sarah Paterson (425)
  • Case Analysis by Hogan Lovells and Milbank (427)
  • Regulation Updata by Norton Rose Fulbright (432)
  • Market Movements by CMS (437)
  • Deals (439)
  • Legal Ease by Lexis®PSL (440)

Butterworths Journal of International Banking and Financial Law 2022/3

Spotlight

  • 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)
  • Book Review by Ross Cranston (206)
  • Case Analysis by Hogan Lovells (207)
  • Regulation Update by Norton Rose Fulbright (211)
  • Market Movements by CMS (215)
  • Deals (217)
  • Legal Ease by Lexis PSL (218)
  • International Briefing from Denmark (219)