Gain clarity on set-off and netting with our specialised guidance tailored for legal professionals working in the banking and finance sector. This topic offers clear, practical insights into mitigating risks and optimising financial positions through effective set-off and netting strategies. Stay informed on the latest legal frameworks, case law, and best practices to ensure robust financial management and compliance.
The following Banking & Finance news provides comprehensive and up to date legal information on Banking and Finance weekly highlights—28 August 2025
The following Banking & Finance news provides comprehensive and up to date legal information on On-demand payment bond obligations suspended by sanctions (LLC Eurochem North-West-2 and another company v Société Générale S.A. and other companies)
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An introduction to repo and the Global Master Repurchase Agreement (GMRA)Coronavirus (COVID-19): This Practice Note contains information on subjects...
Types of set-offThere are five main types of set-off:•independent set-off (sometimes known as legal set-off or statutory set-off)•transaction set-off (also known as equitable set-off)•contractual set-off•insolvency set-off, and•banker's set-off (sometimes known as current account set-off)This
What is set-off and when is it available?Set-off is a complex yet important concept in legal proceedings generally and for many different types of transaction.Independent set-off and transaction set-off can both be used as a defence in legal proceedings. For more information, see Practice Notes:
If a rentcharge is shown as being informally exonerated on title information, does this apply to the current registered owner? Or does the informal exoneration only apply to the parties to the document which informally exonerated the rentcharge?This Q&A considers the situation where, at some
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
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