Richard Salter: Are leveraged LDI strategies lawful? (71)
Features
Peter Watts: Sequana in the Supreme Court: cautious confirmation of the creditor-extension to the director’s duty of loyalty (74)
Kenneth MacLean: Appropiation of financial collateral under English law security financial collateral arrangements (79)
Roger Jones: TARGET 2 – TARGET 2 Securities Consolidation: major change to payment standards (82)
Toby Mann, Katie Hoyle: Loan documentation and risk-free reference rates: current overview (85)
Ignacio Tirado, Hamza Hameed: Spacecraft financing: an international secured transactions regime for space assets (87)
Marco Mazzola, Adrian Mellor, Christophe Jacquemin, Stefan Kuhm, Andreas Hommel, Bénédicte Kurth: Preserving security interests and guarantees in key EU juridictions when the underlying obligation is varied (92)
James Smallwood: Collateral quality or increased recoveries: CLO portfolio management in a time of credit deterioration (96)
Steven Barrett: Are sole director companies all acting unlawfully? (100)
Lodewijk Van Setten: Cryptographic tokens: three categories of personal property? (102)
Owen Lysak, Ramya Juwadi: AIFMD2 proposals on loan origination (105)
Daniel Schwarz: Central Bank Digital Currencies and competition laws: recognising the importance of competition laws in the CBDC ecosystem (107)
William Hibbert: The new FCA Consumer Duty: the interrelationship with the Senior Managers and Certification Regime (113)
Zi Yang: Is it wise for UK CCPs to clear crypto derivatives? (115)
In Practice
Stacey Pang, Janis Bille: Scope 1, 2 and 3 emissions as KPIs in sustainability-linked loans (119)
Chris Harvey, Sam Gokarn-Millington: First Bankers Trust order against overseas cryptocurrency exchanges using new „gateway” (121)
Lu’ayy Al-Rimawi: UK Islamic mortgages and Shariah-compliance: the imperative of eschewing legal wizardry (122)
Regulars
Case Analysis by One Essex Court and Merton College (124)