Stay ahead of the curve with our comprehensive resources crafted specifically for banking lawyers. Our expert guidance encompasses the critical regulatory frameworks governing the banking sector, ensuring you navigate the complex landscape with confidence. Gain access to in-depth analysis, up-to-date regulations, and practical tools to manage compliance effectively. Empower your practice and keep your clients compliant with the latest regulatory requirements.
The Office of Financial Sanctions Implementation (OFSI) has published guidance stating that it will apply a presumption of denial, with immediate...
Companies House (CH) has updated its OS CH01 guidance. The update clarifies that the address for a UK establishment of an overseas company must be the...
Restructuring & Insolvency analysis: The High Court held that the assignment by Serisys Ltd (Serisys) of valuable intellectual property to a group...
This week's edition of Banking and Finance weekly highlights includes: (1) the LMA's new practice note on applying Sustainability-Linked Loan...
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...
The effect of sanctions on loan agreementsThis Practice Note looks at:•issues that sanctions can pose on lending transactions•the key provisions of the facility agreement that must be considered in the context of sanctions•the approach to sanctions taken by the Loan Market Association (LMA) and the
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
Contributory negligence in personal injury claimsContributory negligence is a partial defence which can lead to a discount in damages.Other defences may also be relevant. See Practice Notes: Did the claimant consent to the risk of injury? and Was the claimant involved in an illegal activity?If a
Can shares in a limited company that have not been paid-up at all be cancelled?A limited company having a share capital may not alter that share capital, except in the ways listed in section 617 of the Companies Act 2006 (CA 2006). Shares in a company cannot simply be cancelled without following an
0330 161 1234