Export debt meaning

In this issue: Key R&I law developments Corporate insolvency processes Creditors' participation Personal insolvency Restructuring Directors and insolvency Financial institutions Key dates for R&I professionals Daily and weekly news alerts Key R&I law developments Companies House to roll out changes from March 2024 following ECCTA 2023: Louise Smyth, Chief Executive and Registrar, has outlined a series of updates due from March 2024, following the October 2023 implementation of the Economic Crime and Corporate Transparency Act. The measures aim to strengthen Companies House’s intelligence capability and deliver enhanced support for people affected by fraud. See: LNB News 05/01/2024 34. DBT refreshes guidance on Russia-related sanctions compliance: The Department for Business and Trade, alongside the Export Control Joint Unit, has released updated guidance titled ‘Complying with professional and business services sanctions related to Russia’. The revisions add new sections on the aims of the prohibitions, as well as on scope and compliance. See: LNB...

In this issue: Investigating criminal conduct Cross-border criminal investigations Prosecution decisions and alternatives to prosecution Criminal procedure and evidential matters Proceeds of crime Appeals and judicial review Bribery, corruption, sanctions and export controls Consumer protection and cartels Environmental offences Financial services and pensions offences Food safety and hygiene offences Health and safety and corporate manslaughter offences Insolvency offences and Companies Act offences Money laundering Corporate crime in Scotland International Daily and weekly news alerts New and updated content Dates for your diary Trackers Useful information Investigating criminal conduct Ban on misconduct NDAs casts doubt on settlements The government’s plan to render non-disclosure agreements (NDAs) void where they cover alleged workplace harassment and discrimination is expected to deter employers from resolving claims, adding strain to tribunals and early conciliation services. See News Analysis: Ban on misconduct NDAs throws settlements into question. DBT...

In this issue: Advertising, marketing and sponsorship Confidential information Contracts International Sale and supply of goods Supply of services Daily and weekly news alerts New and updated content Dates for your diary Trackers Advertising, marketing and sponsorship ASA rulings—12 November 2025 A single complaint reached the Advertising Standards Authority (ASA) regarding a TV and YouTube advert by Select Specs Ltd promoting its prescription spectacles range. The ASA upheld all three matters it examined. See: LNB News 12/11/2025 10. ICC publishes fifth edition of Environmental Marketing Communications Framework The International Chamber of Commerce (ICC) has issued the fifth edition of its Framework for Responsible Environmental Marketing Communications, setting global self-regulatory benchmarks for environmental marketing claims. See: LNB News 07/11/2025 36. Confidential information Company Director held personally liable for misuse of confidential information (Kieran Corrigan v OneE Group & others) This High Court decision arose from a claim of misuse of...

This Practice Note offers advice on setting up systems and controls to meet obligations under the UK sanctions framework. It excludes systems and controls for organisations providing sanctions-related services, e.g. contesting designation decisions, which demand specialised skills and expertise. Your systems and controls There are several actions to take when creating your systems and controls. You should: evaluate your potential exposure to sanctions restrictions, i.e. carry out an organisation-wide risk assessment use the findings to design and implement suitable policies and procedures, covering due diligence, screening against sanctions lists, and steps to follow if a designated person is identified, etc keep appropriate records of sanctions compliance, including the organisation-wide risk assessment, per customer/matter risk assessments, policies and procedures, and investigations into possible matches, etc train staff on the sanctions framework and your internal procedures regularly review your systems and controls report regularly to senior management on the sanctions risks faced and the effectiveness of your systems and controls ...

This Practice Note considers the LMA’s recommended single-currency term facility agreement for pre-export financings that references term SOFR (the ‘PXF Document’), provided as a template for documenting pre-export finance transactions. It was published by the Loan Market Association (the ‘LMA’). It serves as a model document for pre-export finance transactions incorporating term SOFR arrangements. What is pre-export finance (PXF)? In a standard PXF, a lender advances funds straight to a producer (the ‘Borrower’) to finance the manufacture of goods for export. The Borrower assigns to the lender its rights arising under export contracts entered into with buyers of those goods. Those buyers are required to pay for the goods directly into a collection account, over which the lender typically takes security. The lender may also take security over the goods before sale, for example by taking a pledge while the goods are stored in a warehouse. Sums received into the collection account are applied by the lender to satisfy repayments due under the facility agreement on the relevant...

This Practice Note provides a concise digest of the most recent news from the Loan Market Association (LMA) on LMA documentation and associated topics. It is reviewed and updated monthly, covering developments from January 2016. For LMA news before that period, reaching back to early 2013, see Practice Note: Loan Market Association (LMA)—news on documentation [Archived]. All updates mentioned here were first issued on the LMA website (full access requires a subscription). This Practice Note does not report on French law, German law or Spanish law documentation, nor the African loan documentation relating to South Africa, East Africa and Nigeria. General and announcements (LMA latest news on documentation) For earlier LMA announcements (from before January 2016 back to early 2013), see: Announcements (LMA news archive). 16/02/2026: The LMA has released updated standard terms and conditions for Par and Distressed Trade Transactions, the full suite of Funded Participation and Risk Participation Agreements, and the Secondary Debt Trading Documentation User Guide. The revised terms and conditions come...