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
This week's edition of Banking and Finance weekly highlights includes: (1) the LMA publishes updated draft provisions, term sheet and educational note...
Restructuring & Insolvency analysis: In Together Commercial Finance Ltd v Slack, the High Court held that Law of Property Act receivers could sell a...
The International Swaps and Derivatives Association (ISDA) has responded to the Financial Accounting Standards Board (FASB)’s exposure draft on hedge...
The Loan Market Association (LMA) has published updated draft provisions for sustainability-linked loans (SLLs) along with an accompanying term sheet....
Ireland-Banking & Financial Services analysis: This article was written by David Molloy, partner (Debt Finance), Kevin Lynch, partner (Debt Finance),...
Latest Banking & Finance Practice Notes
This Practice Note contains a list of key future developments and dates for financial services lawyers relating to a range of topics including UK and...
This ‘How to’ guide provides an introduction to drafting and negotiating a facility agreement for those new to lending transactions. It contains a...
This Practice Note links to news on sustainable finance, including green loans and green bonds, that has been published since 2019. Due to the global...
Various governments, under their relevant sanctions regimes, have imposed sanctions and export controls on targets in Russia and Belarus in response...
This Practice Note provides information on sustainability linked loans (SLL) and key issues to consider when drafting and negotiating a...
Latest Banking & Finance Precedents
IntroductionWhat does this Precedent cover?This Precedent sets out:•precedent substitute plug in clauses for an English limited liability partnership...
[To be printed on headed notepaper of the lender making demand]To: [Insert name of individual and/or position][insert name of the Borrower or other...
[To be printed on the headed paper of the lender’s lawyers]To:[insert name and address of Lender][insert date]Dear [insert name of Lender][Matter...
[To be printed on the headed paper of the lender’s lawyers]To:[insert name and address of Lender][insert date]Dear [insert name of Lender][Matter...
[To be printed on the headed paper of the lender’s lawyers]To:[insert name and address of Lender][insert date]Dear [insert name of Lender][Matter...
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
Notification (Banking & Finance)
The process by which the client informs the receivables financier that a receivable has been created or a credit note has been issued.
Reserves
An amount which an asset-based lender applies to reduce or extinguish availability.
Sidecar debt
This refers to incremental debt which is within the incremental debt capacity but documented outside the main finance documents.
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