This article considers the impact of the Ukraine crisis on English law contracts in the banking and financial services sector. It outlines the contractual terms and English law principles that are most likely to be engaged as a result of these events, and the common scenarios faced by parties to facility agreements and contracts in the over-the-counter derivatives markets.

This material was first published by Thomson Reuters, trading as Sweet & Maxwell, 5 Canada Square, Canary Wharf, London, E14 5AQ, in Journal of International Banking Law and Regulation as Airlie Goodman, Craig Holburd and Ruth Malone, “The Ukraine Crisis: Contractual Consequences under English Law for Facility Agreements and Financial Contracts” (2023) 38 J.I.B.L.R. 117–125 and is reproduced by agreement with the publishers.

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