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Banking & Finance weekly: case law; FCA/PRA/BoE updates; derivatives and DCM reforms; ESG ratings consultation; gilt repo clearing debate; Companies House identity verification—4 December 2025

Published on: 04 December 2025

Published by a LexisNexis Banking & Finance expert
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In this issue:

  • Banking & Finance case round-up
  • Lending
  • Security
  • Sustainable finance
  • Debt capital markets
  • Derivatives
  • Regulation for derivatives lawyers
  • Structured products and securitisation
  • Daily and weekly news alerts
  • Useful information

Banking & Finance case round-up

Banking & Finance—November 2025 case round-up

See News Analysis: Banking & Finance—November 2025 case round-up for an overview of the matters flagged in Banking & Finance during November 2025.

Lending

R (on the application of L1T FM Holdings Ltd and Letterone Core Investments Sàrl) v Chancellor of the Duchy of Lancaster in the Cabinet Office (formerly Secretary of State for Business, Energy and Industrial Strategy) [2025] EWCA Civ 1528

The Court of Appeal refused the appeal from a decision that had declined judicial review of a ‘final order’ issued under section 26(3) of the National Security and Investment Act 2021. That order compelled the appellant to dispose of its entire shareholding in Upp Corporation Limited, a fibre broadband start‑up, owing to national security concerns linked to the LetterOne Group’s ultimate beneficial ownership by specific Russian nationals, which was assessed as exposing the entity to potential leverage by the Russian State...

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