| 1 | Corporate insolvency: a guide An introduction to the aims of and background to corporate insolvency law, together with a brief overview of the various insolvency procedures available. This note also contains links to a multi-jurisdictional guide to restructuring and insolvency and a detailed note on US bankruptcy procedures. | Practice note: overview | Maintained |
| 2 | Corporate loan facilities An introduction to the common types of corporate loan facilities, including an explanation of key concepts and a discussion of common terms and their negotiation on behalf of lenders and borrowers. This note links to a multi-jurisdictional guide to finance, including issues relating to secured lending, and a detailed note on corporate loan facilities and bank loans in the US. | Practice note: overview | Maintained |
| 3 | Film finance: overview This note provides a basic overview of film production financing, looking at the types of finance structure, parties and documents involved. | Practice note: overview | Maintained |
| 4 | Perfection and priority of security This note introduces the different methods of perfecting security, the basic rules governing priority of security and some contractual ways in which those rules can be varied. This note also contains links to a multi-jurisdictional guide to finance (which includes issues relating to perfection and priority) and a detailed note on taking security in the US. | Practice note: overview | Maintained |
| 5 | Taking security This note provides an outline of the types of security available to a lender and discusses various issues a lender should be aware of when taking security, for example, contractual issues, financial assistance, corporate benefit and environmental issues. This note also contains links to a multi-jurisdictional guide to finance (which includes issues relating to taking security) and a detailed note on security provided by a borrower to a lender in connection with a secured financing in the US. | Practice note: overview | Maintained |
| 6 | Anti-avoidance case law and tax: Direct taxes and stamp ... This practice note summarises the development of anti-avoidance case law from WT Ramsay v Inland Revenue Commissioners (1982) 54 TC 101 to date. It also includes some practical tips for structuring transactions to reduce the risk of attack by HMRC based on anti-avoidance case law. | Practice notes | Maintained |
| 7 | Anti-avoidance case law and tax: VAT: abuse of rights This practice note summarises the development of anti-avoidance case law from the European Court of Justice's decision in Halifax to date. It also includes some practical tips for structuring transactions to reduce the risk of attack by HMRC based on anti-avoidance case law. | Practice notes | Maintained |
| 8 | Choosing a governing law in finance transactions This practice note explains what a governing law clause is and the consequences of not having one. It also sets out the matters that should be considered when selecting the governing law for a finance transaction. | Practice notes | Maintained |
| 9 | Environmental issues in finance transactions This note explains: In what circumstances lenders are at risk of incurring environmental liabilities. The purpose of, and the various steps involved in, environmental due diligence. The various provisions that can be included in a facility agreement and debenture to address environmental issues. | Practice notes | Maintained |
| 10 | Equipment leasing: tax This practice note considers the commercial reasons for leasing and outlines a typical leasing transaction. The current leasing tax rules include a tax regime relating to what are known as "long funding leases". This term includes all finance leases with a duration greater than five years (unless certain criteria are fulfilled) and certain operating leases. The current tax regime came fully into effect as of 1 April 2006. The "old" tax regime continues to apply to leases that are not long funding leases. This note discusses the tax regime both as it applies to long funding leases and as it applies to non-long funding leases. | Practice notes | Maintained |
| 11 | General principles of insurance law This practice note explains the various doctrines and principles concerned with insurance, including: What constitutes an insurable interest. Subrogation. Joint insurance. Double insurance. Noting. For information about insurance as it relates to commercial property, see Practice note, Property insurance. | Practice notes | Maintained |
| 12 | Leasing as a financing technique: overview An overview of leasing as a financing technique for buying an asset. This note provides an introduction to different leasing structures including finance leases, operating leases, hire-purchase arrangements and sale and leaseback. It also considers the advantages and disadvantages of leasing as a finance technique. This note links to a multi-jurisdictional guide to finance, which includes issues relating to various types of commercial security, including hire-purchase, retention of title and sale and leaseback in other jurisdictions. | Practice notes | Maintained |
| 13 | Legal opinions in finance transactions: overview This note gives an overview of the matters to be considered when requesting or responding to a request for an English legal opinion, the form and content of an English legal opinion and the practical steps to be taken when providing an English legal opinion. The note also links to detailed notes on the purpose and structure of legal opinions in finance transactions in the United States, including the purpose and structure of legal opinions delivered in securities offerings in the United States. | Practice notes | Maintained |
| 14 | Loan relationships This practice note covers, in detail, the tax rules applying to companies in connection with their loan relationships. | Practice notes | Maintained |
| 15 | Taking security over cash deposits A note on taking security and quasi-security over a cash deposit in a bank account. This note also contains links to a multi-jurisdictional guide to finance (which discusses issues relating to taking security in other jurisdictions) and to a detailed note on the creation and perfection of security interests in deposit accounts in the US. | Practice notes | Maintained |
| 16 | Taking security over chattels A note on using goods or chattels owned by companies (or limited liability partnerships) to provide security for financing. This note also contains a link to a multi-jurisdictional guide to finance, which includes issues relating to taking security over chattels. | Practice notes | Maintained |
| 17 | Taking security over choses in action A note on taking security over choses in action. A chose in action is an asset that can only be claimed or enforced by action at law or equity, rather than by taking physical possession of the asset. The note looks at how to take security over various types of choses in action such as rights under contracts, debts, financial instruments and cash deposits in bank accounts. | Practice notes | Maintained |
| 18 | Taking security over intellectual property A note on taking security over intellectual property, including patents, trade marks, copyright and design rights. This note also contains links to a multi-jurisdictional guide to finance (which includes issues relating to taking security over intellectual property) and to a detailed note on taking security over intellectual property in the United States. | Practice notes | Maintained |
| 19 | Taking security over shares and debt securities This note looks at the legal nature of shares and debt securities and how to take security over them. It discusses bearer shares and debt securities, registered shares and debt securities and shares and debt securities held in a clearing system. This note also contains a link to a multi-jurisdictional guide to finance which includes issues relating to taking security over shares and debt securities. | Practice notes | Maintained |
| 20 | Tax for banking lawyers This practice note is a basic summary of the tax issues that frequently arise in respect of commercial lending transactions carried on by banks. Among other things, it considers distribution treatment for interest, withholding tax, stamp duty and VAT. | Practice notes | Maintained |
| 21 | Term sheets: introduction An introduction to term sheets in the context of loan finance transactions, including details of what they are used for. This note also considers what provisons are typically included in term sheets and the lender's and borrower's perspectives in drafting and negotiating term sheets. This note includes links to related resources such as standard documents, term sheets and commitment letters. It also includes a link to an introduction to bank loan term sheets in the US. | Practice notes | Maintained |
| 22 | Tonnage tax This practice note provides an overview of the tonnage tax regime in the UK. | Practice notes | Maintained |
| 23 | Types of lending and facilities A note outlining different types of lending (categorised by the number of lenders) and loan facilities. This note also links to a multi-jurisdictional guide to finance (that covers issues relating to secured lending) and to a note on corporate loan facilities and bank loans in the United States. | Practice notes | Maintained |
| 24 | VAT issues for banks This practice notes summarises the various VAT issues that arise for banks in the course of their business. | Practice notes | Maintained |
| 25 | Withholding tax This practice note is a summary of the UK withholding tax rules on payments of interest and certain other payments (such as annual payments, guarantee payments, patent royalties and other royalties). It considers when withholding arises (including when interest has a UK source and when it is "yearly interest" rather than "short interest"). It also considers exemptions, such as the Quoted eurobond exemption and exemption under double tax treaties, and outlines the effect of the EU savings tax directive. Further, it discusses documenting for withholding tax, including gross-up clauses, and accounting for tax withheld. | Practice notes | Maintained |