About Banking & Finance Law
The uncertain economic climate has led to unprecedented challenges in the finance sector. It is more difficult than ever to get your deals done.
Key features of Lexis+® Banking & Finance
We'll keep you up to date with news. Weekly essentials newsletters, monthly case updates and a case tracker with the status of cases included and key cases notes on main topics.
Key developments and horizon scanning
Transactional lawyers need to stay on top of market changes. We track developments of key industry bodies including the LMA, ISDA and ICMA as well as hot topics such as sustainable finance so that you're always updated.
Security
Lending demands watertight security. We’ll guide you on taking, perfecting, and registering security. As well as topics covering enforcing security and cross border security.
Getting deals over the line
Economics is often a rollercoaster, ups, downs, and challenges. It can make the task of sealing deals tricky. We’ll help you navigate the uncertainty.
Topics We Cover
Latest Banking & Finance News
Law360, Expert analysis: Since 2023, the UK government has engaged with the cryptoasset industry as part of its efforts to develop a regulatory regime...
Construction analysis: There is a ‘a dearth of case law’on section 1(1) of the Contracts (Rights of Third Parties) Act 1999 (C(RTP)A 1999), as...
The European Banking Authority (EBA) has published an onboarding plan to implement the Pillar 3 Data Hub, a centralised platform for public...
This week's edition of Banking and Finance weekly highlights includes: (1) Economic and Monetary Affairs Committee approves amendment to the CSDR that...
The European Parliament’s Economic and Monetary Affairs Committee has approved an amendment to the Central Securities Depository Regulation...
Latest Banking & Finance Practice Notes
Property due diligence in corporate transactionsThis Practice Note provides a summary of the purpose, nature and scope of the property aspects of the...
Cryptoassets for Dispute Resolution lawyers—key and illustrative decisionsAs the landscape of cryptoassets and smart contracts continues to develop,...
Mitigation in contractual breach claimsWhen is mitigation in contract claims relevant to consider?Even where causation and remoteness have been...
Brexit legislation trackerThis Practice Note tracks the progress of UK legislation introduced as part of the legislative project associated with the...
Introduction to the EU GDPR and UK GDPRThis Practice Note provides an introduction to both the EU’s General Data Protection Regulation, Regulation...
Latest Banking & Finance Precedents
Executing documents—training materialsThese Training Materials provide an introduction to execution and cover the principal areas of executing simple...
Retention of title (standard, or simple) clause1Title and risk1.1Risk in the Goods will pass to the Buyer [on [completion of] delivery OR when the...
Notice of assignment of contractual rights and form of acknowledgement for an assignment by way of security: single company...
Assignment of insurance policies: single company assignor—bilateral—specific moniesThis Deed is made on [insert day and month] 20[insert...
Share charge (granted by the borrower): single company chargor—bilateral—specific moniesThis Deed is made on [insert day and month] 20[insert...
Latest Banking & Finance Q&As
Featured Banking & Finance content
Bills of exchange—structure and parties
Bills of exchange—structure and partiesBills of exchange are negotiable instruments that represent an unconditional promise by one party to pay...
Term Loan B facilities
Term Loan B facilitiesThis Practice Note discusses Term Loan B (TLB) facilities which frequently appear as a tranche of senior facilities in...
Invoice discounting and factoring
Invoice discounting and factoringThe popularity of financing business through the invoice discounting and factoring of receivables has grown...
Common financial covenants
Common financial covenantsThis Practice Note explains certain common financial covenants used in commercial finance transactions including:•minimum...
Offtake contracts—key issues for project finance lenders
Offtake contracts—key issues for project finance lendersMost projects are underpinned by a complex web of contractual relationships between all the...
Overdrafts, term loans and revolving credit facilities
Overdrafts, term loans and revolving credit facilitiesThis Practice Note explains the features of three common types of loan facility:•overdrafts•term...
Do you need a deed of release as well as a DS1 to release a legal charge over land?
Crystallisation of floating charges
Crystallisation of floating chargesThe key feature of a floating charge is that, until it crystallises, the chargor is entitled to deal with the...
Promissory notes—structure and parties
Promissory notes—structure and partiesA promissory note is a type of bill of exchange (for more information, see Practice Note: Bills of...
Bilateral, syndicated and club arrangements
Bilateral, syndicated and club arrangementsOne of the features used to categorise loans is the number of lenders involved. A loan involving one lender...
An introduction to repo and the Global Master Repurchase Agreement (GMRA)
An introduction to repo and the Global Master Repurchase Agreement (GMRA)Coronavirus (COVID-19): This Practice Note contains information on subjects...
Bridge to bond facilities
Bridge to bond facilitiesWhat are they?A bridge to bond facility is a type of acquisition financing where the buyer requires the certainty of a fully...
Floating charges—advantages and disadvantages
Floating charges—advantages and disadvantagesSummary of advantages and disadvantages of the floating chargeThis Practice Note discusses the advantages...
Key features of debentures
Key features of debenturesDebentures are used in many types of financing where it is desirable to take security over all of the assets of a particular...
Financial derivatives—netting
Financial derivatives—nettingNettingnetting is a contractual arrangement between two parties. Essentially, it means that the parties have agreed that,...
Assignments by way of security
Assignments by way of securityAssignments by way of security can take different forms and it is important to understand how they are created and their...
Guarantor rights and how to defer them in guarantee documentation—no competition clauses
Guarantor rights and how to defer them in guarantee documentation—no competition clausesGuarantees are a contractual arrangement where one party (the...
Sources of Shari'ah
Sources of Shari'ahIntroductionShari'ah (also Sharia, Shariah or Shari’a) (literally, in Arabic, 'the path towards the watering place') or Islamic law...
Associated legal terms
Charge (Banking & Finance)
A security interest granted over an asset which gives the holder of it (the chargee) the right to appropriate the asset to discharge an obligation if the chargor defaults. Unlike a mortgage, it does not generally involve any transfer of ownership of the assets to the financier. The distinction between a charge and a mortgage is rarely significant. A charge can be fixed or floating.
Chargor
The person granting a charge.
Term Loan B (TLB)
The term 'Term Loan B' or 'TLB' is used to refer to a tranche of senior credit facilities made available to a borrower that is designed to be syndicated in the institutional loan market. They are associated with particularly sponsor friendly terms such as not including any maintenance covenants (covenant lite).
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