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 European Securities and Markets Authority (ESMA) has published its final report on the technical standards for the Green Bonds (EU) 2023/2631...
The Chancellor has issued her response to the Treasury Committee’s (Committee) letter of 5 December 2024, which requested clarification on various...
This week's edition of Banking and Finance weekly highlights includes: (1) The CLLS Financial Law Committee issues guidance on legal assignments under...
The Bank of England (BoE) reports that during 2024, international leveraged loan activity grew exponentially due to strong investor demand; while...
The European Commission has proposed an amendment to the EU Central Securities Depository Regulation (EU Regulation (EU) No 909/2014) (CSDR) to...
Latest Banking & Finance Practice Notes
Carrying out bankruptcy searches at the Land Charges DepartmentThe Land Charges Act 1972 (LCA 1972) provides for HM Land Registry to maintain:•a...
Key issues for lenders when dealing with a local authority in a commercial finance transactionThis Practice Note considers the key issues which can...
Class 1 transactions—fundamentals—prior to 29 July 2024 [Archived]ARCHIVED: This Practice Note has been archived and is not maintained.A significant...
Undertakings (covenants)This Practice Note explains what undertakings, or covenants, are and the usual types of undertaking found in loan agreements...
Execution formalities—unincorporated charitiesThis Practice Note provides practical guidance on the execution of documents by unincorporated...
Latest Banking & Finance Precedents
Confidentiality agreement—mutualThis Agreement is made on [date]Parties1[insert name of party] [of [insert details ] OR a company incorporated in...
Confidentiality agreement—one-way—pro-discloserThis Agreement is made on [date]Parties1[Insert name of party][ of [insert details] OR a company...
Retained EU law—training materials [Archived]ARCHIVED: This Precedent has been archived and is not maintained.These training materials consist of...
Board minutes for the approval or ratification by a third party security provider of third party security for a loanCompany number: [insert company...
Board minutes for the approval of a company’s entry into loan and security documentsCOMPANY NUMBER: [insert company number][insert company name]...
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
Appropriation
Appropriation is a self-help enforcement remedy available to a secured party with security over financial collateral (ie cash, credit claims or financial instruments such as shares or other securities). It is available through the Financial Collateral Arrangements (No2) Regulations 2003, SI 2003/3226. It allows a secured party to take the financial collateral over which it has security as its own, or transfer it to a third party, as a means of enforcement without the need to take court action for foreclosure. It is common for security documentation over financial collateral to contain a clause granting a right of appropriation. The Loan Market Association's intercreditor agreement for leveraged acquisition finance transactions (the LMA intercreditor agreement) deals with the effects of appropriation on enforcement and the valuation of the financial collateral at appropriation. See clause 14 (Distressed Disposals and Appropriation) of the LMA intercreditor agreement.
Customer's title to money paid in
The customer's title to money paid in refers to the customer's right of repayment from the bank for money paid into his account at a bank.
Takeover
This refers to the acquisition of a public company.
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