| 1 | A toolkit for cross-border bond restructurings A guide to PLC's UK and US resources for practitioners involved in an international corporate bond restructuring. | Practice note: overview | Maintained |
| 2 | Bond issues: overview An overview of raising debt finance by issuing bonds, including an explanation of different types of bonds and key parties to a bond issue. This note also contains links to a multi-jurisdictional guide to capital markets (including issues relating to bonds), and a detailed note on debt securities (including bonds) in the United States. | Practice note: overview | Maintained |
| 3 | Methods of raising debt finance: a quick guide A quick guide to the different methods of raising debt finance and a comparison of the advantages of two common methods - issuing debt securities and borrowing in the syndicated loan market.This is one of a series of quick guides, see Quick guides. | Practice note: overview | Maintained |
| 4 | Perpetuities and trusts: overview A note explaining what the rule against perpetuities is and how it applies to trusts. It covers the common law rules, the Perpetuities and Accumulations Act 2009, the Perpetuities and Accumulations Act 1964 and the Law of Property Act 1925. It links to detailed notes on how to apply the rule in common trust situations. | Practice note: overview | Maintained |
| 5 | Regulated Activities Order: overview An overview of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 (SI 2001/544) (RAO), including its specified activities, specified investments, exclusions, exemptions and overrides. | Practice note: overview | Maintained |
| 6 | Bond issues: documents A note examining which documents are required for a bond issue, including the prospectus, subscription agreement, paying agency agreements, trust deed, global note and other ancilliary documents such as legal opinions and comfort letters. | Practice notes | Maintained |
| 7 | Bond issues: tax This practice note considers the basic UK tax issues that arise in typical capital markets transactions and looks at how these tax considerations impact on key transaction documents. The note also considers the tax issues that might arise for both the bondholder and the issuer in respect of bond issues with unusual features. | 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 | Cross-border interest and royalties payments: tax A discussion of tax issues that may arise when interest and royalties are paid between the UK and other countries. | Practice notes | Maintained |
| 10 | Debt securities: fiscal agent v trustee An explanation of the role of a fiscal agent compared to a trustee and when each might be required in debt securities transactions. | Practice notes | Maintained |
| 11 | Execution of deeds and documents Overview of the key legal requirements relating to the execution of deeds and documents under the laws of England and Wales. It reflects the law on execution from 1 October 2009. For details of the law governing execution of deeds and documents before 1 October 2009, see Practice note, Execution of deeds and documents: pre-1 October 2009. | Practice notes | Maintained |
| 12 | 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 |
| 13 | Listing debt securities in London An overview of the rules and procedures for listing debt securities in London. | Practice notes | Maintained |
| 14 | Listing debt securities in Luxembourg An overview of the rules and procedures for listing debt securities in Luxembourg. | Practice notes | Maintained |
| 15 | Loan relationships This practice note covers, in detail, the tax rules applying to companies in connection with their loan relationships. | Practice notes | Maintained |
| 16 | Methods of raising debt finance A practice note providing an overview of the different methods of raising debt finance and examining the advantages and disadvantages of a company raising debt finance by doing a bond issue compared to raising debt finance by a syndicated loan. This note also contains links to multi-jurisdictional guides to finance and capital markets, including issues relating to the rasing of debt finance, and a detailed practice note on raising debt finance in the United States. | Practice notes | Maintained |
| 17 | Negotiability of debt securities An overview of negotiability as it applies to debt securities. | Practice notes | Maintained |
| 18 | Prospectus Directive and debt securities An overview of the Prospectus Directive (2003/71/EC) (as amended) and the Prospectus Regulation (809/2004) (as amended), and the content requirements for a prospectus for an issue of debt securities. | Practice notes | Maintained |
| 19 | Restructuring high yield bonds: UK and US overview This note provides an overview of the key features of high yield bonds issued in the UK and in the US, and the principal issues to be considered in the context of a corporate debt restructuring involving high yield bond obligations. These include the main differences between New York and English law governed bond documentation and related legal and regulatory issues. | Practice notes | Maintained |
| 20 | Selling debt securities: UK selling restrictions An overview of some of the restrictions that apply to offering and trading transferable securities, and the market practice on offering bonds in the UK. This note was previously called UK selling restrictions: debt securities. | Practice notes | Maintained |
| 21 | Subordination This note examines the general principles of subordination, the different methods by which it can be achieved and its advantages both to borrowers and lenders. This note also contains links to a multi-jurisdictional guide to finance (which includes issues relating to subordination) and a detailed note on subordination in the United States. | Practice notes | Maintained |
| 22 | When is a debt instrument not a deposit This practice note explains the exemptions available to debt securities so that they avoid being deposits. | Practice notes | Maintained |
| 23 | 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 |