Master the intricate aspects of on demand guarantees, bonds, and letters of credit with unparalleled precision. Our expert resources offer essential insights and detailed guidance to help you craft robust financial instruments, mitigate risks, and ensure compliance. Stay ahead in the dynamic realm of banking and finance with our practical tools and up-to-date information tailored to your legal practice.
The Financial Conduct Authority (FCA) has published Handbook Notice 143, recording changes made by the FCA Board (Board) on 25 June and 30 July 2026....
HM Treasury (HMT) has launched a consultation seeking views on proposed amendments to chapter 8 of the Government Financial Reporting Manual (FReM) to...
The International Swaps and Derivatives Association (ISDA) has published a research note examining five years of global credit default swap (CDS)...
This week's edition of Banking and Finance weekly highlights includes: (1) LMA publishes paper on interoperability in the loan market; (2) UKEF...
Invoice discounting and factoringThe popularity of financing business through the invoice discounting and factoring of receivables has grown...
Foreign exchange (FX) derivativesWhat is a FX derivative?A foreign exchange (FX) derivative is a type of derivative whose payoff depends on the FX...
Types of debt securitiesWhat are debt securities?In the context of the debt capital markets, the term 'debt security' means a financial instrument,...
An introduction to repo and the Global Master Repurchase Agreement (GMRA)Coronavirus (COVID-19): This Practice Note contains information on subjects...
Priority between loss reliefs in loss making companiesWhy does it matter?A company that is a member of a group and has incurred any of the types of losses available for surrender by way of group relief may, without any further rules, have more than one way in which to use the loss. There are a
What is the difference between an appeal and a review?What is an appeal?An appeal in insolvency proceedings is no different to an appeal in normal litigation. An appeal will be allowed only if the appeal court is satisfied that the decision of the lower court was 'wrong' or 'unjust because of a
Late payment penalties—inheritance taxWhile interest often accrues on overdue tax, the late payment of certain taxes may also attract a penalty. For information on the interest accruing on overdue tax, see Practice Notes: IHT—payment deadlines on death—Interest on IHT and Interest on late paid
If a beneficiary signs a deed of disclaimer of their share of an estate and the estate pays their legal fees, will that count as a PET against their estate?A disclaimer is the refusal of a gift prior to acceptance. The refusal of the gift must take place before the beneficiary accepts any benefit
0330 161 1234