Banking update: report and review on recent cases and issues

Restrictive covenant - if in doubt, lender should be notified; the costs risk of insolvency proceedings; interim payments; service of claim form; Wragge & Co's banking and finance experts bring you the latest on the cases and issues affecting the lending industry.

Banking update: report and review on recent cases and issues

Wragge & Co's banking and finance experts bring you the latest on the cases and issues affecting the lending industry.

Time to revisit debt for equity swaps? The impact of new guidance from HM Revenue & Customs

HM Revenue & Customs (HMRC) has recently issued some welcome revised guidance in relation to debt for equity swaps. This provides more clarity on how such swaps can be undertaken so as to ensure there is no tax charge in the debtor company arising from the released debt.

Cost without benefit? Weighing up the Financial Services Authority's proposals for the packaged bank account market

When the Financial Services Authority (FSA) implemented its Banking Conduct of Business regime on 1 November 2009, it promised to review the packaged bank account market.

Banking update: report and review on recent cases and issues

Mortgage fraud leads to return of funds to lender; first past the post for creditors; no need to disclose names of employees; the Office of Fair Trading's mental capacity guidance for consumer credit businesses.

Is banks' pricing of risk set to rise? Preparing for the Association of British Insurers' planned withdrawal from the Notification of Interest on Mortgaged Properties Agreement

In August this year the British Banking Association announced it had received notification from the Association of British Insurers (ABI) that it intended to withdraw from the Agreement Regarding Notification of Interest on Mortgaged Properties (the Agreement).

Wragge & Co advises Lyceum Captial on multi-million pound acquisition

Wragge & Co has advised new client Lyceum Capital on the £50 million acquisition of Access UK.

A 'Green' Budget, but is it green enough?

A new Green Investment Bank aimed at funding low carbon transport and energy schemes, such as nuclear power stations and wind farms, has been trailed in the press for a few weeks now. And it has appeared in Alistair Darling's pre-election Budget.

Looking to raise some cash? Against IP?

To the surprise of many, Morgan Stanley has just announced a new US$250 million intellectual property securitisation for Vertex Pharmaceuticals, a large US bio-tech company.

Pre-packs un-packed: what is meant by a "pre-pack" administration?

"Leaving the mice in charge of the cheese..." is how one commentator described the now far from unusual phenomenon of the pre-pack administration sale. But what is meant by a "pre-pack"; are they lawful and what is the legitimate area for concern?

IP or no IP? Is that the question?

With asset values on the whole diminishing, a number of funders are revisiting their corporate loan portfolios to examine their security packages, both in relation to valuation and enforceability. Are lenders as secure as they thought?

An A-Z of Islamic finance

Do you know your Maliki from your Muamalat? Or your Bai al ina from your Bay? Read a glossary of need-to-know terms from Wragge & Co's Islamic finance specialists.

Insolvent lenders and market disruption

We are in uncharted waters. Until very recently, few people have ever experienced or even thought about their bank going bust. Most loan documentation focuses on borrower rather than lender default.

Financial assistance from 1 October 2008

Few bankers and professions involved in leveraged finance, management buy-outs or management buy-ins will lament the passing of the prohibition on private companies giving financial assistance for the purchase of their holding company's shares.

High Court ruling on bank charges

The High Court has handed down judgment in the first stage of the OFT's challenge to the legality and fairness of bank charges. For all you need to know on the judgment, read Wragge & Co's expert analysis.

Banking update: report and review on recent cases

The proposed new general pre-action protocol, traceability of payments, receivers and foreign debts, unfair relationships and the Consumer Credit Act and the Uniform Rules for Collection; Wragge & Co's Banking & Finance experts bring you the latest news.

Fixed and floating charge holders cannot participate in prescribed part for shortfalls

Companies Act 2006 for banks: the latest on implementation

Are you aware that shortly before Christmas, the Government announced that a number of changes proposed for 1 October 2008 were to be postponed for a further year, until 1 October 2009? 

Thinking ahead - Rome II from the banker's perspective

Claiming compound interest

Banking Bulletin September 2007

Consumer Credit Act 2006 - Post-contract information

Banking Bulletin - July

Commission publishes final report on retail banking sector inquiry

Companies Act 2006: Business as usual?

Banking Bulletin - January 2006

Banking Bulletin - January 2002

Avoiding Undue Influence

The House of Lords handed down its judgment in the eight conjoined appeals making up the Royal Bank of Scotland v Etridge (No.2) [2001] UKHL 44 on 11 October 2001.