Monthly Update November 2015

Welcome to this month’s highlights from the Lexis®PSL Banking & Finance team covering key updates and analysis relating to Banking & Finance law and practice. Highlights this month are:


  • LMA revises its secondary trading documentation
  • LMA revises lenders’ rights clause in its recommended facility documentation


  • Analysis of the Supreme Court’s judgment in Bank of Cyprus UK Ltd v Menelaou

Project finance

  • UK government creates new body to help manage and deliver major projects for UK economy

Real estate finance

  • Analysis of the LMA revised REF documentation

Debt capital markets

  • EIB and investors launch new green bond
  • Basel Committee consults on haircut floors proposal


  • Major banks sign relaunched ISDA Resolution Stay Protocol
  • ISDA publishes 2015 Section 871(m) Protocol

Structured products and securitisation

  • European Council adopts transparency rules on securities financing transactions


  • FSB publishes new cross-border resolution measures

Claims and Remedies

  • News analysis on case law relating to the ‘SAAMCo principle’

Click here to access the November 2015 update

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