Butterworths Journal of International Banking and Financial Law 2025/7

Spotlight

  • Trevor Clark: Clarity versus confusion in leveraged finance: Part 1 (431)

Feature

  • Georgia Quenby: Is there room for more than one concept of Material Adverse Change in your Facility Agreement? (436)
  • William Wilson, Charlotte Ward: You can dip twice but can you only prove once? The insolvency implications of “double dip” transactions (440)
  • Charlotte Eborall: Atishoo, atishoo: we all fall down? Implications of business disposals upon cessation of business clauses (444)
  • Philip Wells, Ella Richards: Creative class composition: the hunt for the anchor class (447)
  • Lee Federman, Mamoun Shafi: Layering it on thick: the evolution of the super senior intercreditor agreement (450)
  • Henry Warwick, Vishnu Patel: Conspiracy theories: unlawful means conspiracy and the problem of private rights (452)
  • Etay Katz, Simon Williams: Tokenisation of investment funds: some legal challenges (455)
  • Piers Reynolds, Laura Feldman: Financial crime reforms creating new risks and challenges for firms (459)
  • Matthew Weaver, Andrew Brown: “Make-whole” clauses under Ch 11 and Pt 26A restructuring plans (463)
  • Cecily Crampin, Daniel Black: Will lenders have confidence to lend against commonhold? (466)
  • James Clarke, Ben Ko: The continuing inviolability of standby letters of credit (469)
  • Dil-veer Kang, Ben Regnard-Weinrabe, Anna Lewis-Martinez, Rory Copeland: A guide to virtual IBANs and their regulation (473)
  • Arut Kannan: Revitalising European securitisation: a French perspective (476)
  • Panpan Sun: Can a watchdog retreat revitalise the London market? (482)

In Practice

  • Adam Burk, Ben Saunders: Specialty finance to securitisation (485)
  • Anna Nolan, Stephen Blank: Third-party releases and cross-border restructurings: enforceability of UK-issued nonconsensual third-party releases in the United States (489)
  • Helen Coverdale, Nick Grandage: A Brexit re-set? How will the UK’s accession to the 2019 Hague Convention impact English legal opinions? (491)
  • Johnny Lim, Han Ming Ho, Michael Kwan, Shawn Tan: Singapore’s equities market: a new dawn for capital raising and investing? (493)

Regulars

  • Case Analysis by Verulam Buildings (495)
  • Regulation Update by Norton Rose Fulbright (498)
  • Market Movements by CMS (504)
  • Deals (506)
  • Legal Ease with Lexis+® UK (507)
  • International Briefings from China and Denmark (508)

Butterworths Journal of International Banking and Financial Law 2025/3

Spotlight

  • Samantha Richardson: Drafting for sustainable lending: LMA green v SLL loan provisions (155)

Features

  • Nick Daly: “Red flags” and ostensible authority: reflections on Republic of Mozambique v Credit Suisse & Ors (159)
  • Catherine Gibaud, Emma Hughes: Good faith in English contract law: taking stock a decade or more after Yam Seng (162)
  • Faisal Ramzan, Alice Dawson-Loynes, Andrew Surgey: Deconstructing delayed draw term loans (166)
  • James Sheehan: Waiver and estoppel arguments against debt enforcement (168)
  • Joseph Wren, Nicholas Baines: Derivatives for private capital managers: hot topics and predicted trends for 2025 (172)
  • James MacDonald: The perils of relying on book entries in intra-group loan agreements (176)
  • Hamish Patrick, Rod MacLeod, Andrew Kinnes: Scottish limited partnerships and fund finance (179)
  • Anthony Pavlovich: Protecting shareholders against transactions with an improper purpose (181)
  • Isabel Neelands, Trisha Shah: The lucrative AI debt market – disrupting traditional debt lending: Part 1 (183)
  • Jean Price, Dil-veer Kang: Buy-now, pay-later: what the future will (and might) hold for the sector (186)
  • Daniel Winick, Heba Hazzaa: Across the pond: practitioner’s guide to fortifying LMA forms for cross-Atlantic transactions (189)
  • Allegra Miles, Elli Karaindrou: EU and UK implementation of Basel 3.1: a different approach? (192)
  • Simon Lafferty, John Budd: Changing of the (safe)guard: the FCA’s proposals for payments and e-money firms (200)
  • Jochen Vester: A smarter ring-fencing regime: all change? (204)

In Practice

  • Charles Kerrigan: Agency and AI: types of agents and what they do (207)
  • Shabaz Ahmed, Tony Katz: Court of Appeal decision on Motor Finance: lenders’ secondary liabilities (209)
  • Joseph Paddon: Prudential assessment of acquisitions and increases in control: new-old guidance, particularly relevant for fund managers (211)

Regulars

  • Competition Law Update by Kirkland and Ellis (213)
  • Case Analysis by Hogan Lovells (215)
  • Regulation Update by Norton Rose Fulbright (219)
  • Market Movements by CMS (222)
  • Deals (224)
  • Legal Ease with Lexis+® UK (225)
  • International Briefing from Spain (227)

Correction: in the February issue, Professor Nelson Enonchong’s article ‘Secured lending: when is the lender put on inquiry in a „hybrid” transaction?’ contained an erron ith the case citation for One Savings Bank plc v Waller-Edwards. The citation should have read: [2024] Ch 279, in the first key point and footnote 1. We apologise for this inadvertent error.