The Government has indicated that it will not seek to regulate the asset-based finance industry, despite accusations that some providers are exploiting small and medium-sized (SME) businesses. Despite calls from some insolvency experts, accountants and SME business owners for the industry to be regulated to protect its customers, the Government has said that regulation may… Learn more
Banking and Finance
Our contentious and non-contentious teams understand the needs of this sector and have worked with a wide range of domestic and foreign banks, building societies, lease and asset-based lenders and other financial institutions for over 20 years. Our in-depth knowledge of the sector is reflected in the number of panel positions we hold and by the fact that we currently work for more than 35 lenders.
Look at our latest news and discussions to keep up to date with developments and analysis within the sector.
Latest news and discussions about Banking and Finance RSS
New research from United Trust Bank has revealed that three-quarters of UK brokers had signed asset finance agreements to help businesses release capital by lending on assets that were unrelated to the purpose of the loan. Whilst traditional lenders have been accused from various quarters of restricting their lending, the research indicates that the vast… Learn more
The increasing accessibility to information and recent case law casts doubt on the protection afforded to a company with regards to restrciting the advertisement of a winding up petition.
I don’t normally blog on corporation tax, but I couldn’t resist it. Just like everyone else, I seem to be a sucker for celebrity. So here goes. In 2007 McLaren (they of the fast cars) got into trouble with the Federation Internationale de L’Automobile (the “FIA”). Apparently they had possessed and in some way used proprietary information… Learn more
There is anomaly in the legislation, in the realm of liquidation committees. The overall thrust of the legislation now is to reduce the quantity of reporting to central agencies and to reduce the meetings required to report to creditors. However, the reporting requirements do not appear to apply equally across the different types of liquidation.
By section 101 of the Law of Property Act 1925 (“the Act”), a mortgagee has certain powers by implication of law, which do not need to be set out in the mortgage deed itself. One of the powers includes a power of sale. This power is exercisable only once the mortgage monies have become due… Learn more
Where a judgment creditor obtains a charging order, which is then registered at the Land Registry by way of notice, it is often assumed that this will give the judgment creditor priority over other equitable charges which have not been so registered. If there are competing equitable interests, however, determining which interests should have priority… Learn more
Costs budgeting is certainly all the rage. Jackson LJ has drafted rules and practice directions which will introduce costs management in all but heavy Commercial Court cases in April 2013. So this case concerning the Defamation Proceedings Costs Management Scheme ,which operated from 1 October 2011 to 30 September 2012, is something practitioners of all… Learn more
This case concerned a dispute relating to the composition of the so-called board of management of the unincorporated association known as Shree Swaminarayan Satsang (“the Organisation”) which centres around a temple in Stanmore, Middlesex. According to the Judge, they were hostile proceedings brought by one group of people who were all members of the board… Learn more
When a party wishes to appeal a decision, it will usually need permission to appeal before the appeal court can hear the appeal in accordance with the Civil Procedure Rules (“CPR”) Part 52.3. Despite the distinction between the two stages – permission to appeal and the appeal itself – courts often order that the appeal… Learn more