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Getting comfortable with letters of comfort

United Kingdom - November 24 2022 As the name suggests, letters of comfort have long been regarded as offering little more than passive "comfort" to their recipients. Distinct from…

Paul Keddie, Maddie Walls

UK publishes extended sanctions over Russian entities

Russia, Ukraine, United Kingdom - March 2 2022 The new sanctions, which are contained in four new statutory instruments (SI 2022/194, SI 2022/195, SI 2022/203 and SI 2022/205) extend existing…

Neill Blundell, Robert Daniell, Dominic Sedghi

Russia/Ukraine conflict: implications of sanctions for financing transactions

European Union, United Kingdom, USA - February 22 2022 For background and discussion of some of the options available to the UK Government as a matter of law and policy, please see the first article in…

Kirstie Hutchinson

LIBOR transition hedging closer

United Kingdom - November 19 2021 Despite the publication of the ISDA 2020 IBOR Fallbacks Protocol in October 2020 and incremental, but significant, progress in European loan markets…

Christopher Acton, Kirstie Hutchinson, Christine Long

Legislating for the LIBOR transition: synthetic LIBOR for tough legacy contracts

United Kingdom - September 16 2021 With less than four months to go before the FCA turns off the supply of daily LIBOR (in its well-used form) for most of the 35 currency-tenor…

Tim Plews