United Kingdom: Debt Capital Markets

Private credit lenders face a new reality as U.S. distressed borrowers increasingly turn to English restructuring tools to reorganize New York law-governed debt outside of Chapter 11. Recent cases demonstrate how Schemes of Arrangement and Restructuring Plans can bind dissenting creditors, reduce minority creditor influence, and potentially circumvent the absolute priority rule. Understanding these cross-border mechanisms has become essential for lenders navigating modern restructuring dynamics.

The private credit market has reached a critical inflection point in 2026, with $1.8tn in global assets under management creating both unprecedented opportunities and complex challenges.

The Financial Conduct Authority's (FCA) consultation reflects the ongoing governmental and regulatory push to encourage wider retail participation in private and public capital markets and the benefits of seeking higher financial returns over pure cash savings.

Bonds are often used by governments to fund infrastructure projects or war spending.

The London Stock Exchange (LSE) has launched its Private Securities Market (PSM) – its PISCES platform – and published its Private Securities Market Rules (PSM Rules) and accompanying PSM Handbook via Market Notice N04/26.

The UK government brought the Property (Digital Assets etc) Act 2025 into force on 2 December.

The Premier League is preparing for a major shake-up in its financial regulations. From the 2026/27 season, the long-standing Profitability and Sustainability Rules (PSR) will be replaced by two new frameworks...

The UK is advancing the regulation of digital money via multiple distinct workstreams led by the Government, industry and regulators.

The UK is progressing digital money regulation through several workstreams led by the Government, industry, and regulators.