8 April 2010 | Clare Stothard
The issue of undue influence has been a matter which has troubled the courts for many years. However, following the House of Lords decision in Royal Bank of Scotland plc v Etridge (2001) ("Etridge"), most...
Tags on this discussion: banking banks Litigation mortgage
7 April 2010 | Karen Jacobs
In general terms, if a claimant discontinues his claim he is usually ordered to pay the defendant’s costs unless the court provides for a different order (CPR 38.6 (1)). In Carey v HSBC [2009] EWHC...
Tags on this discussion: banking banks
25 March 2010 | Steven Mills
The Insolvency Service has announced that the deposits payable in bankruptcy and winding up proceedings will be increased on 6 April 2010. The case administration fee charged by the Insolvency Service...
25 March 2010 | Clare Stothard
The OFT, Financial Ombudsman Service and FSA have published a joint discussion paper. This paper covers how firms handle complaints and considers the current position of consumer redress. It covers:
firms’...
25 March 2010 | Steven Mills
The Department for Business Innovation & Skills (BIS) has updated the timing for the UK implementation of the Consumer Credit Directive.
The new Consumer Credit Directive repeals the original Directive...
25 March 2010 | Steven Mills
The OFT is consulting on guidance for consumers and industry on the application of the sections on the Consumer Credit Act 1974 that allow consumers to request information about their credit agreements.
The...
25 March 2010 | Steven Mills
The UK Cards Association, which represents the credit card industry, has reached a joint commitment with BIS as a result of the consultation “Review of the Regulation of Credit and Store Cards”. ...
25 March 2010 | Steven Mills
Banks, building societies and credit card lenders who follow the Lending Code will provide additional protections to people who find themselves in financial difficulties. Under guidance issued by the Lending...
11 March 2010 | Clare Stothard
This judgment highlights that where a borrower makes repayments albeit for a very small amount, this will ensure that time starts to run each time the part payment is made and so prevents a claim for...
Tags on this discussion: banking banks Court of Appeal Litigation
9 March 2010 | Mark Tempest
In Goldacre (Offices) Ltd v Nortel Networks UK Ltd (in administration) [2010] All ER (D) 54 (Jan), the respondent company held two long leases over properties of which the claimant was the landlord. During...
Tags on this discussion: administration administration expenses administrator Corporate Recovery Insolvency Insolvency Practitioner Landlord rent