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 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 2022/5

Spotlight

  • Thomas F. Huertas: Are sanctions sustainable? (295)

Features

  • Philip Wood: Russia and Ukraine: the end of Article VIII 2b? (297)
  • Jamie McDougall, Shan Qureshi, Ben Kovacka, Shweta Rao: Intralot’s drop-down restructuring games: priming pari passu noteholders, circumventing non-consenters and artificially reducing asset values (299)
  • David McIlroy, Ruhi Sethi-Smith: Bankers’ liability for Authorised Push Payment fraud: the evolution of the Quincecare duty (304)
  • Tim Calland: The Commercial Rent (Coronavirus) Act 2022: what does it mean for landlords and their funders? (307)
  • Jonathan Haines: Sanctions test illegality clauses in financial contracts (311)
  • Riz Mokal: Does the liquidator have a duty to deal with trust assets? (313)
  • Jeremiah Wagner, Dan Marcus: Fund finance: the regulatory requirements applicable to securitisations in the EU and UK (319)
  • Christopher Bond: Another roll of the dice: the elusive line between hedging and speculation (323)
  • Hin Liu: Transfers of equitable interests in the digital asset world (325)
  • David Murphy: Saying how versus saying what: the choice of regulatory style in margin policy (335)
  • Chris Wallace: Inside the machine: the European Commission’s proposed consolidated tape for bonds (337)
  • Nakul Dewan: Regulating cryptocurrency by policing advertisements: the approach in the UK, Singapore, India and Spain (340)
  • Richard Calnan: Interpreting statutes and contracts: what are the differences? Part II (344)

In Practice

  • Thomas C. Miller, Aidan E. Lawes: Is it time to review your “standard” increased costs clauses in facility documentation? (347)
  • Ben Thompson: Core-plus infrastructure and leveraged financing: the continued convergence of terms (350)
  • Hugh Evans, Claire Clayton-Stead: The Quincecare duty: 30 years on (352)
  • Book Review by Ross Cranston (353)
  • Case Analysis by One Essex Court and Baker McKenzie (354)
  • Regulation Update by Norton Rose Fulbright (360)
  • Market Movements by CMS (365)
  • Deals (367)
  • Legal Ease with Lexis®PSL (368)