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 2025/5

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 2024/1

Spotlight

  • Duncan Sheehan: Digital Assets: why the Law Commission are wrong about control (3)


Features

  • Andrew Thompson, Philip MorrisonCarillon: a director’s strict duty to know the company’s true financial position? (5)
  • Rabin Kok: Third party rights and the LMA suite of Debt Documents (8)
  • Alan Davies, Michelle Gilmore-Parry: The rise of “hybrids” in the ever-converging PIK and Preferred Equity landscape (11)
  • Akber Datoo: Offer and acceptance … and sailing into the terms of decentralised networks (15)
  • Stephen Moverley Smith, Rachel Carver: Can beneficial noteholders commence insolvency proceedings? Diverging views emerge across the offshore world (21)
  • Dan Hirschovits, Aaron Ferner, Joshua Bunn: Going public: the impact of IPOs on facility agreements (24)
  • Susan Wong, Lim Wei Lee, Felix Lee: Sanctions clauses in documentary credit transactions: a cautionary tale (28)
  • David Rouch: Investor duties and sustainability: the turn towards tackling sustainability challenges (31)
  • Matthew Parfitt: Just a minute: inserting the time into pre-prepared board minutes (36)

  • Benjamin Pilling, Ruth Bala: Shared appreciation mortgages: how far can the “unfair relationships” regime stretch? (38)

  • Ciarán McGonagle, Finn Casey Fierro: For whom the code tolls: an integrated, modular architecture for smart derivatives contracts (41)
  • Simon Crown, Monica Sah, Sara Evans: Third country market access for core banking services in the EU: all change from autumn 2026 (45)
  • Jacob J Meagher: The implications of the novel “Audit Duty” on professional service firms: Part 2 (49)

In Practice

  • James Greene, Martin Forbes, Nicola Chapman, Man Hay Yip, : The art of the intercreditor
    Ripping up the rulebook: financing the energy transition (54)
  • Chris Armstrong, Christopher Sullivan: Preparing for a new UK securitisation framework (56)

Regulars

  • Case Analysis by 3 Verulam Buildings (58)
  • Regulation Update by Norton Rose Fulbright (64)
  • Market Movements by CMS (69)
  • Deals (71)
  • Legal Ease with Lexis+® UK (72)

Butterworths Journal of International Banking and Financial Law 2023/4

Spotlight

  • Mark Dwyer, Antony Hainsworth: Flight of the deposits – (2023) (207)

Features

  • Simon Salzedo, Tom Wood: Improper leverage? Own interest conflicts and the designation model in leveraged finance transactions (209)
  • Deborah Sabalot Deane: The Great Game: UK financial services and the Edinburgh Reforms programme (212)
  • Philip Morrison: Board minutes after Sequana: practical advice for the corporate drafter (216)
  • Iain Clacher, Con Keating, Philip Bennett: Are leveraged LDI strategies lawful? A rejoinder and a request (219)
  • Edward J. Nalbantian, Caroline A Talbert: Syndicated lending and third-party agents: a practical primer (224)
  • Thomas Papadogiannis Varouchakis: Risks for investors at the post-insolvency stage of the covered bond issuer (227)
  • Hanif Virji: Valuing swaps: what exactly are “hidden costs” and “mark-to-market”? (231)
  • Riz Mokal: What is an insolvency proceeding? (234)
  • Amy Held: Cryptoassets as property under English law Pt II: ownership, situs and the circular question of jurisdiction (236)
  • Matthew Weaver: Re Duomatic: plugging holes and fixing oversights but not all of the time (241)
  • Tom Marshall, Charles Kerrigan: Warranties in corporate transactions involvng tokens or blockchains: a proposal for a foundational approach (243)
  • Mary Bear, Jon Burke, Christopher P Duerden, John McGrath, Richard Pugh, John M Timperio, Lindsay Trapp, David E Miller, Eric Zeng: Collateralised Fund Obligations (CFOs): th technicolor dreamcoat of fund finance from a US and UK/EU perspective (248)
  • Ferdisha Snagg, Laura Prosperetti, Andreas Wildner: A MiCAR for the UK? Or something else altogether? (255)
  • Spyridon V Bazinas, Georgios Psaroudakis: Security interests in insolvency: UNCITRAL instruments and Greek law compared (259)

In Practice

  • Monia Volpato, Rachit Agarwal: Intra-group loan agreements: what do finance lawyers need to know? (262)
  • David Milligan, Daniel Nevzat, Tamara Ubink: “Double materiality”: what does it mean for non-financial reporting? (264)
  • Marc Craggs, Helen Coverdale: UK government consults on new insolvency model laws (267)

Regulars

  • EU Update by Aikaterini Theodosopoulu, Vasiliki Pappgagiannopoulou (269)
  • Case Analysis: by 3 Verulan Buildings, Wilkie Farr & Gallagher LLP and South Square (271)
  • Regulation Update by Norton Rose Fulbright (277)
  • Market Movements by CMS (280)
  • Legal Ease with LexisPSL (282)
  • International Briefing from Switzerland (283)