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)
Scott Ralston: Lex situs and its discontents: English security over foreign assets (514)
Isabel Neelands, Anand Kannappan, Rebecca Qian: Debt financing of AI companies: identifying “AI assets” for the security net (517)
Vasanti Selvaratnam, Paul Schwartfeger, Kaity Crowe: (Un)reasonable endeavours: force majeure clauses and offers of non-contractual performance (521)
David Turner, Conor Ewing: Assignment or charge over warranty and indemnity insurance policies as security? (525)
Sarah-Jane Denton, Simon Witney: The Corporate Sustainability Due Diligence Directive: impact on financial services businesses (528)
Taraq Zafar Rasheed, Bogomil Kukovski: Mandatory collateralisation of hedging transactions under senior secured facilities (531)
Lee Federman, Adam Wolinsky: IOSCO Leveraged Loans and Collateralized Loan Obligations (CLOs) Good Practices for Consideration: how will this impact leveraged loan documentation? (534)
Karl Clowry, Seán McGuinness: Tacking: what further advances since 2002? (537)
Lucy Williams, Linda El-Halabi: Leading the charge (pun intended): international security transactions in the Middle East (542)
Roger Gherson, Valeriya Grebenkova, Cong Gao: Financial sanctions and investment treaty arbitration (545)
David Siesage: Judicial review in the financial services sector: a question of risk and reward (548)
Kit Smith: Anti-suit relief: Bourlakova and Magomedov and the non-contractual jurisdiction (551)
Danny Busch, Matthias Lehmann: Turn the Unfair Terms Directive into a Regulation! (554)
In Practice
Charles Malpass, Roxanne Paes: Lending transactions: putting the power in powers of attorney (558)
Charles Kerrigan, Claire Whittaker: Retrieval augmented generation in LLMs: AI for lawyers (560)
Hywel Jenkins, Jack Moore, Cat Dankos: Beware of regulators bearing gifts (562)
Jeremy Sher, Benjamin Fellows, Leontia McArdle: SRA warning on the conduct of mass financial mis-selling claims: what will be the impact on motor finance claims? (564)
Regulars
Case Analysis by One Essex Court and 4 Pump Court (565)
Sarah Worthington: Fixed and floating charges: still favouring absolutism over multi-factored nuance (583)
Features
Geoffrey Wynne, Jacqueline Cook: The Electronic Trade Documents Act 2023: the key to the future? (587)
Richard Boynton, Kon Asimacopoulos, Sean Lacey, Hannah Crawford, Kate Stephenson: Galapagos: proper construction of Distressed Disposal provisions in intercreditor agreement (590)
James Hall, William Golightly: The risks of attempting to rectify mistakes in security documents, without seeking a court order (594)
Daniel Winick, Mark Presso, Andrew Young, Heba Hazzaa: Wall Street-led secondary trading of private credit loans: considerations for stakeholders (599)
Hamish Patrick, Andrew Kinnes: Moveable transactions: Scotland v England: Round 1 – assigning receivables (602)
Piers Reynolds, Laura Feldman: New challenges for tackling Authorised Push Payment fraud (605)
Lee Federman, Tom Miller: Don’t put all your debt in one basket: debt incurrence flexibility in leveraged finance transactions (610)
Richard Hoyle: The fiduciary’s divestment dilemma: ESG and the age of climate change (612)
Rachel Tandy, Chris Haan: Collective stress or collective redress? Examining available mechanisms for securities litigation in England and Wales (616)
Tim Lees, Sarah Jane O’Leary, Kasia Lorenc: In sync across borders: embracing parallel processes for successful restructurings (620)
Thomas Wong: English law-governed Keepwell Deeds enforced by Hong Kong courts against PRC insolvent companies (623)
Chris Wallace: The Digital Securities Sandbox (627)
Giovanni Bandi, Yasser Nasser: The Cambridge Regulatory Genome Project: a must in a world of regulation technologies (629)
In Practice
Michael Leadbeater: Super senior facilities: a recap on key documentary terms (632)
Rebecca Oliver: Taking effective security over future acquired assets: the importance of contractual intention (634)
Matthew Cox. Lana Ahern, Gabby White: Can the consent of an obligor be taken at face value? (636)
Regulars
Book Review by Ross Cranston, LSE (638)
EU Update by Mauro Megliani, Catholic University of Milan (639)
Case Analysis by Hogan Lovells and Volterra Fietta (641)
