Mcknight, Paterson, and Zakrzewski on the Law of International Finance

This acclaimed and comprehensive work analyses the legal issues involved in international finance transactions operating under English law. The second edition thoroughly updates the book to take account of major developments in regulation, practice, and case law since the first edition published in 2008.

The most notable development in the intervening period has been the global financial crisis of 2008-9, whose effects have profoundly changed the nature of international finance, and the new edition has been updated by a team of expert editors and contributors to reflect the post-crisis legal framework of international transactions.

The new edition covers the many significant changes to Bank Regulation which have occurred since 2008. Major developments in conflicts of laws and cross-border insolvency are addressed, including the consequences of the decision in Rubin v Eurofinance. This edition also takes account of major litigation in the sovereign debt field, significant developments in the loan markets, and recent challenges with the provision of legal opinions, including the increasing need to provide opinions in cross-border transactions. Developments in financing structures in the aftermath of the financial crisis are examined. Significant litigation in the derivatives field (partly as a response to the collapse of Lehman Brothers Holdings Inc.) and amendments proposed by the International Swaps and Derivatives Association are also addressed. There is also coverage of further work on secured transactions following the Law Commission's and the City of London Law Society's Working Party's proposals.

Providing detailed transaction-led analysis of all aspects of international finance practice, this work is a must-have reference source for all practitioners and academics working in the field.

Sarah Paterson, Assistant Professor; Senior Consultant (Slaughter and May), London School of Economics,Rafal Zakrzewski, Solicitor and counsel, Clifford Chance LLP

Sarah Paterson is Assistant Professor, London School of Economics and Senior Consultant, Slaughter and May. Sarah specialises in restructuring and insolvency matters and has worked on both international and domestic restructurings.



Dr Rafal Zakrzewski is a practising solicitor and Counsel at Clifford Chance, specialising in corporate finance with an emphasis on debt. Rafal was a University Lecturer in Corporate Law and Transactions at the University of Cambridge, where he established a graduate course on corporate transactions, and has taught at St Hugh's College at the University of Oxford.