Delve into the intricate landscape of non-traditional banking securities with our comprehensive, practical guidance. Covering every aspect from drafting and enforcing guarantees to deciphering the subtleties of comfort letters, our resources cater to banking and finance professionals. Elevate your legal expertise with authoritative insights that enable you to advise clients proficiently and reduce risks effectively.
Restructuring & Insolvency analysis: The court considered whether liquidators could consent to the assignment by a sanctioned creditor of contractual...
The Association for Financial Markets in Europe (AFME) and the European Association of Corporate Treasurers (EACT) have published a report, DLT & the...
The Loan Market Association (LMA) has published a practice note on applying the Sustainability-Linked Loan Principles (SLLP) to small and medium-sized...
The Network for Greening the Financial System (NGFS) has published its updated guide for supervisors on integrating climate and nature-related...
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...
Does the beneficiary of a guarantee need to be a signatory to the guarantee? What happens if the guarantee is signed as a deed?Section 4 of the Statute of Frauds (1677) requires a guarantee to be in writing and signed by the guarantor (or some other person lawfully authorised to sign on the
In what circumstances do I really need to worry about commercial (or corporate) benefit?This Q&A explains when it is necessary to analyse whether an obligor in a banking transaction is receiving a commercial benefit (also called a corporate benefit) for participating in the transaction and why that
Does a guarantee have to be executed as a deed?No, a guarantee does not have to be executed as a deed. A guarantee can be executed as a deed or as an agreement in English law.A guarantee does have to be in writing under section 4 of the Statute of Frauds 1677.However, a guarantee is often executed
Comfort lettersComfort letters are encountered in finance transactions relatively often. They take different forms and it is important from both the lender's perspective and the comfort letter provider’s perspective to understand their legal effect.Use of comfort letters in finance
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