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
The Loan Market Association (LMA), in collaboration with the LMA Technology & Innovation Committee and Murex, has published ‘The Interoperability...
The European Commission has announced that EU Member States have adopted the 21st package of sanctions against Russia. The package includes new...
UK Export Finance (UKEF) has announced measures at the Farnborough International Airshow to drive growth and decarbonisation across the aerospace...
This week's edition of Banking and Finance weekly highlights includes: (1) the Supreme Court holds buyers entitled to recover loss of bargain damages...
The government has announced that responsibility for local economic growth and devolution strategy will transfer from the Ministry of Housing,...
Latest Banking & Finance Practice Notes
This Practice Note contains a summary of the latest news from the Loan Market Association (LMA) on LMA documentation and related topics. It is updated...
This Practice Note provides an introduction to the international sanctions regimes. It explains what sanctions are, the difference between financial...
This Practice Note aims to:•provide practical guidance to shareholders of a distressed/insolvent company•explain the position of shareholders in most...
This Practice Note explains the law and practicalities relating to bills of lading and sea waybills in the context of an arrangement for the carriage...
This Practice Note considers force majeure as it applies in English law and the circumstances in which a force majeure event may cause a contract to...
Latest Banking & Finance Precedents
FOR THE PURPOSES OF THE LEGAL WRITINGS (COUNTERPARTS AND DELIVERY) (SCOTLAND) ACT 2015, THIS DISCHARGE IS DELIVERED ON [insert date] 20[insert...
Notice of an Illegality[Insert Lead-in Language]We hereby notify you of the occurrence of the following circumstances:[Describe to a reasonable level...
Notice of breach of agreement[Insert lead-in language]Pursuant to the Agreement, you were required to comply with or perform the following agreement...
This Deed is made on [insert day and month] 20[insert year]Parties1THE COMPANIES identified in Schedule 1 (each a Chargor and together the Chargors);...
This Deed is made on [insert date] 20[insert year]Parties1[Insert name of Chargor], a company incorporated in England and Wales with registered number...
Latest Banking & Finance Q&As
Featured Banking & Finance content
Receivables purchase transactions: invoice discounting and factoring
Invoice discounting and factoringThe popularity of financing business through the invoice discounting and factoring of receivables has grown...
Foreign exchange (FX) derivatives
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 securities
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)
An introduction to repo and the Global Master Repurchase Agreement (GMRA)Coronavirus (COVID-19): This Practice Note contains information on subjects...
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...
What is the banker’s right of set-off?
Pledges
PledgesA pledge is one of the four types of security recognised under English law—the types of security are described in Practice Note: Types of...
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...
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...
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...
Negative pledges
Negative pledgesThis Practice Note examines:•why negative pledge clauses are used in commercial transactions •the consequences of breaching negative...
The security agent
The security agent and security trust provisionsThe security agentIn a syndicated loan transaction, the security agent (sometimes also known as the...
Introductory guide to financial covenants
Common financial covenantsThis Practice Note explains certain common financial covenants used in commercial finance transactions including:•minimum...
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...
What is OTC derivative contract clearing?
What is OTC derivative contract clearing?What is clearing?When an over-the-counter (OTC) derivative transaction between two counterparties is...
Introductory guide to asset finance
Introduction to asset financeWhat is asset finance?Asset finance is a method of providing financing for the purchase of particular tangible movable...
Incremental debt flexibility or accordion features
Incremental debt flexibility or accordion featuresWhat are incremental facilities?An incremental facility is feature included in a credit agreement...
Selling a loan by sub-participation
Selling a loan by sub-participationSub-participation is a means by which a lender can transfer its risk in a loan to another entity. It is used in the...
Associated legal terms
Committed facility
A financing arrangement under which a bank is committed to lend an agreed amount of money for a specified period of time provided the relevant terms of the facilities agreement are complied with. It can be contrasted with an on-demand facility in which the lender may require repayment at any time.
ICT Contractor
The Contractor appointed by Project Co to carry out the ICT services and/or infrastructure.
Inventory
The raw materials, work in progress and finished goods which are the stock-in-trade of a business.
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