Milbank Advises Castlelake On Possible Cash Offer For EasyJet Plc

Islamic finance is experiencing rapid global expansion, with assets approaching US$6tn and record sukuk issuance attracting non-traditional investors. The convergence of Shariah-compliant and sustainable investing is creating new opportunities, while AAOIFI Standard No. 62 and tokenisation developments are reshaping how Islamic finance structures are designed and implemented across international markets.

The Financial Conduct Authority has released a comprehensive package of regulatory updates and findings covering investment management, wealth management, and consumer protection. Key developments include reforms to MiFID costs and charges disclosures, remuneration code changes, AIFM regime overhauls, and detailed reviews of firms' Consumer Duty compliance, financial crime controls, and governance frameworks.

The Financial Conduct Authority has released comprehensive perimeter guidance for the UK's new regulated cryptoasset activities regime, clarifying when firms will need authorization and how the regulatory framework applies to qualifying cryptoassets and stablecoins. The guidance addresses critical questions about scope, territorial application, and the narrower "by way of business" test that determines which entities fall under the new regulatory requirements.

In July 2017, the FCA published its Enforcement annual performance account for 2016/17.

On November 25, 2015, the Financial Conduct Authority fined Barclays Bank plc £72,069,400 for failing to minimize financial crime risks appropriately.

As widely anticipated, the Bank of England voted last week to hold Bank Rate at 3.75%. Whilst markets had expected the decision, it is noticeable that the Monetary Policy Committee (MPC) moved from a 7-2 decision, to a 6-3 one, with three members favouring a 0.25% increase. The move demonstrates the continued uncertainty around the UK’s inflationary environment, particularly in light of geopolitical tension, tariffs and trade disruption and political change, and their combined impact on global energy prices and the wider economic outlook.

Challenger banks have achieved a great deal of success since they burst on the scene in a big way a decade or so ago to vie with traditional retail banks for a share of the market.

The Financial Stability Board warns of frontier AI cyber risks and market leverage concerns, while UK and EU regulators advance new frameworks for operational resilience, payment innovation, and investment firm reclassification. Major enforcement action sees Citibank penalized over £4.7 million for Russia sanctions breaches, highlighting the critical importance of advance risk assessment and robust controls.

The London Stock Exchange has implemented sweeping reforms to the AIM Rules, fundamentally reshaping admission requirements, transaction thresholds, and governance obligations for companies on the Alternative Investment Market. These changes eliminate longstanding requirements like working capital statements and corporate governance codes while introducing new features such as capital access windows and special voting shares, marking the most significant overhaul of AIM regulations in recent years.

The LMA has this week released the new Joint Excess Loss Committee wordings which replace CL400, following a lengthy project of consultation and drafting

On March 3, 2026, the International Swaps and Derivatives Association, Inc. (“ISDA”) and the Emerging Markets Traders Association (“EMTA”) published the 2026 FX Definitions (the “2026 FX Definitions”)...

On January 8, 2026, the Securities and Exchange Commission of the Philippines ("Philippine SEC") introduced revisions to the country's 2020 REIT Rules (the "2026 Revisions").

On January 13, 2025, the Bureau of Industry and Security ("BIS") of the U.S. Department of Commerce issued an interim final rule on a Framework for Artificial Intelligence Diffusion...

Law students interested in practicing transactional law, from M&A to securities transactions, often ask how much business experience and training they need in order to launch a successful career.

Milbank LLP advised Singapore-based AGP International Holdings Pte. Ltd. ("AG&P") on its sale of a 20 percent minority stake to Osaka Gas Co. Ltd.

On January 29, 2026, the Office of Foreign Assets Control of the U.S. Department of the Treasury ("OFAC") issued General License No. 46, authorizing certain transactions that would otherwise be prohibited under the U.S.-Venezuela sanctions program.

China’s energy regulator, the National Development and Reform Commission ("NDRC"), announced in July of this year its first nationwide feed-in-tariff ("FiT") for solar photovoltaic ("PV") development in an effort to boost China’s domestic solar industry and to increase the share of solar power in China’s energy portfolio.

The Supreme Court of India has today handed down its judgment in a seminal case in Indian arbitral jurisprudence

With the easing of economic sanctions by the United States and Europe, Myanmar is now a prime target for foreign investors.

The U.S. Securities and Exchange Commission has proposed rule amendments that would allow public companies to choose semiannual reporting instead of quarterly reports for their periodic reporting obligations. This potential shift in the regulatory framework aims to reduce compliance burdens while maintaining investor protections, giving companies flexibility to determine the reporting frequency that best serves their stakeholders.