Butterworths Journal of International Banking and Financial Law 2026/3

Spotlight

  • Matthew Czyzyk, Natalie Blanc, Georgia Papathanasiou: LMEs in European restructurings: local law constraints and evolving market practice (147)

Features

  • William Willson, Angus Groom: LMEs under attack: possible challenges and how they might succeed (152)
  • Kirill Lebedyanskiy: Political risk in project and infrastructure finance: rising challenges and modern mitigation strategies (155)
  • Matthew Watson, Callum Caldwell: Calling a spade a spade: substance over form in covenants restraining further borrowing (160)
  • Miguel Calejo: Can we vibe code financial contracts? (162)
  • Neil Hamilton: “Measured at origination” in EU and UK securitisations (165)
  • Andrew Thompson, Philip Morrison: Wrongful trading and the creditor duty in refinancing scenarios: uneasy bedfellows? (168)
  • Ferdisha Snagg, Noah D’Aeth: The IOSCO Final Report on pre-hedging: is this the final word? (171)
  • Farhaz Khan, Chloë Bell: Are we reaching any further clarity on Braganza in loan documentation? (175)
  • Louis Grandjouan: Does a contract of indemnity sound in damages, or in debt? (179)
  • Richard Oliphant: FCA Consumer Duty: why challenger banks should integrate e-signatures into their mobile apps (182)
  • Eleanor Davison, Charles Redmond: Market abuse: the limits on civil recovery for investors in the US and UK (185)
  • Akber Datoo, Jason de Mink: To ban or not to ban; that is the (cryptoasset) question (189)
  • Michael Huertas: Supply chain finance in the EU: Part 3 – making SCF transparent: data standards, repositories and servicer governance (193)

In Practice

  • Patrick Leftley, Tracy Dariane: Market trends in mitigating conduct risk in private asset backed structured finance transactions (196)
  • Jason Blick: Security Action for Europe: legal architecture, implementation and private capital’s opening (198)
  • Joseph Paddon: The FCA’s new framework for targeted support in pensions and retail investments (199)

Regulars

  • Book Review Viability in Corparate Debt Restructuring by Lydia Tsioli – Review by Andrew Wilkinson at Weil (201)
  • ESG Update by Ying-Peng Chin of A&O Shearman (203)
  • Competition Law Update by Kirkland & Ellis (International) LLP (205)
  • Case Analysis by Hogan Lovells (207)
  • Regulation Update by Norton Rose Fulbright (210)
  • Market Movements by CMS (213)
  • Deals (215)
  • Legal Ease by Lexis+® UK (216)

Butterworths Journal of International Banking and Financial Law 2025/10

Spotlight

  • Duncan Sheehan: Taking security over stablecoins (691)

Features

  • Isabel Tinsley, Siân Howes, Tim Hinrichsen: The key characteristics of data centres in the US and Europe: an overview for those involved in financings – Part 1 (694)
  • Nicola Yeomans: Managing currency risk in emerging Asia investment: towards diversification (698)
  • Vanessa Yi Ting Cheok: Arbitration and insolvency in a sliding, multi-creditor context: Sapura and other common law approaches (707)
  • Nicholas Medcroft, Gillian Hughes: Reassessing the Quincecare duty: anti-money laundering obligations and the boundaries of authorised payments (711)
  • Rebecca Zaman: Walking away: lessons from the Vietjet litigation for retiring security trustees (714)
  • Nicolas P Pellicani, Vera Losonci, Jeff Robins, Zhenya Lebedev, Esther Stefanini, Phoebe Steinfeld: Securities lending in the age of PISCES (716)
  • Giles Wheeler: Misrepresentation and the constructive trust: a hunt for clarity (719)
  • Steven Elliott, Marcus Teo: Anti-suit injunctions outside contract: a new beginning (723)
  • Jack Prettejohn: Risky business: brokers and platforms in the UK’s crypto regime (727)
  • Danny Busch, Matthias Lehmann: Uniform prospectus liability rules for Europe now! (731)
  • John Budd, Simon Lafferty: The FCA’s safeguarding reforms for payments and e-money firms: an update (735)
  • Spyridon V Bazinas: Security interests in digital assets under uniform law (737)
  • Iwa Salami, William J Buchanan: Data privacy in a retail CBDC system built on a public blockchain (739)

In Practice

  • Jeremiah Wagner, Christopher Sullivan: Securitisation shake-up: will streamlined due diligence and new sanctions ignite or inhibit the EU market? (746)
  • Joseph Paddon: The future of UK AIFMD: what does this mean for fund managers? (748)

Regulars

  • ESG Update by A&O Shearman (750)
  • Competition Law Update by Kirkland & Ellis (751)
  • Case Analysis by 3 Verulam Buildings (753)
  • Regulation Update by Norton Rose Fulbright (757)
  • Market Movements by CMS (759)
  • Legal Ease with Lexis+® UK (761)
  • International Briefing from India (763)

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.