Our articles are written by experts in their field and include individual barristers, solicitors, academics, judges, and leading firms in relevant areas of practice. JIBFL offers authoritative insights into global banking and financial law, providing essential updates for legal practitioners and policymakers. Covering key topics like lending, security interests, derivatives, debt capital markets, banking and finance related disputes, crypto, FinTech and financial regulation, JIBFL serves as a trusted resource for navigating complex legal challenges and staying informed in the financial sector. If you would like to contribute, please email .

Force majeure in loan agreements: illegality under the standard form LMA clause

7 February 2025 / Author(s): Matthew Parker KC
Issue: February 2025 / Categories: Feature

In this article, Matthew Parker KC considers some aspects of the LMA standard form illegality provision, including what does “unlawful” mean? and the application of the provision irrespective of the relative importance of the obligation.

If you are already a User, sign in
Or you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this article in full.
Alternatively you can subscribe here to read unlimited content.