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 International Organization of Securities Commissions (IOSCO) has launched consultation reports: ‘Revised Recommendations for Liquidity Risk...
Law360, London: The EU will later in November 2024 set out its climate finance and investment targets at a climate change conference in Azerbaijan,...
This week's edition of Banking and Finance weekly highlights includes: (1) ICC releases Wave 3 of the Principles for Sustainable Trade; (2) ICMA...
This week's edition of the Sustainable finance and ESG weekly round-up from the Finance Group includes: (1) ICMA updates its Guidance Handbook to...
The Association for Financial Markets in Europe (AFME) and the International Capital Market Association (ICMA) have welcomed the Financial Conduct...
Latest Banking & Finance Practice Notes
Jurisdiction agreements—approach of the courts of England and WalesThis Practice Note looks at the approach of the English courts when determining the...
General principles of insurance contract lawWhat is insurance law?Insurance law can be split into three parts:•insurance contract law which governs...
US regulation of derivatives—one minute guideThe Dodd-Frank Wall Street Reform and Consumer Protection Act (the Dodd-Frank Act) was passed in 2010 in...
Potential Events of Default under an ISDA Master Agreement and cure periods—summary and comparison tableUnder an ISDA Master Agreement, if an Event of...
Taking security over unregistered landScope of this Practice NoteLand (or real property) is commonly offered as security for a loan. In commercial...
Latest Banking & Finance Precedents
Deed of novation: for an unsecured bilateral facility agreementThis Deed is made on [insert day and month] 20[insert year]Parties1[insert name of...
Notice of an Illegality (2002 ISDA Master Agreement provisions)Notice of an Illegality[Insert Lead-in Language ]We hereby notify you of the occurrence...
Notice designating an Early Termination Date following a Credit Event Upon Merger/Additional Termination Event/Tax Event Upon Merger where Burdened...
Notice designating an Early Termination Date following an Event of Default (1992 ISDA Master Agreement (Multicurrency—Cross Border) provisions)Notice...
Notice of a Force Majeure Event (2002 ISDA Master Agreement provisions)Notice of a Force Majeure Event[Insert Lead-in Language]We hereby notify you of...
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
Disclosed
Notifying a debtor or debtors generally that receivables have been assigned by the client to a receivables purchaser.
Super-senior RCF
A super-senior revolving credit facility (RCF) is often included in a funding structure where the main funding is comprised of senior secured notes. The RCF will then have super senior status under the intercreditor agreement.
Ticking fee
Commitments fees are typically paid on committed but undrawn facilities to compensate the lender for the cost of having allocated the facility to the particular borrower while not receiving or accruing any interest. A ticking fee typically refers to a commitment fee on a term loan—ticking fees are frequently not charged on leveraged finance transactions, though this may be conditional on the facility being drawn within a certain number of days following completion.
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