News & Insights (Banking)

The WestLB case - standing in the shoes of a calculation agent

The Court of Appeal recently delivered its judgment in WestLB AG v (1) Nomura Bank International plc & (2) Nomura ...

Arch cru: Implications of FSA's first proposed CRS. Liability, Cost and Judicial Review?

On 30 April 2012, the FSA published a consultation paper proposing to impose the first industry wide consumer redress scheme ...

Down but not out - Relief for senior management as FSA loses test case

Relief for senior management as FSA loses test case, but Sants warns that corporate governance issues need to be "urgently ...

The Pensions Regulator puts lenders under the spotlight

A recent case in front of the Pensions Regulator indicates a much greater willingness to take action against non-shareholders in ...

Letters of credit and fraud; can the Contracts (Rights of Third Parties) Act help?

The Commercial Court has roundly rejected a novel attempt by a buyer to prevent payment to the seller under a standby letter of ...

A common sense approach to entire agreement clauses

Incautiously drafted ‘entire agreement’ clauses have had a rough time of it in the courts recently. In Axa Sun Life v Campbell ...

Financial Disputes Update - March 2012

Welcome to the third edition of the Taylor Wessing financial disputes and contentious regulatory newsletter. Every quarter, we ...

Lehman Brothers client money application – Supreme Court Decision

The much awaited decision in the Lehman Brothers International (Europe) Limited ("LBIE") litigation in relation to ...

FOS departs from established law to hold that losses caused by the financial crisis do not break the chain of causation

On 9 February 2012, the Financial Ombudsman Service ("FOS") issued a provisional decision in a financial mis-selling ...

Taylor Wessing announces second finance partner hire for 2012

International law firm Taylor Wessing today announces the second partner addition to its finance team for 2012. Elisabeth Gaunt ...

London banker banned for procuring breaches of Indian investment law

The UK’s Financial Services Authority has banned Jaspreet Singh Ahuja, a Client Adviser in UBS’ international wealth management ...

HSBC acquisition inherits suitability of advice failings

In its largest ever retail fine of £10.5million imposed on HSBC Bank Plc (HSBC), the FSA has once again sought to remind ...

Failings and foreseeability

FSA claims second wealth management scalp in two weeks On 8 November, the FSA fined Coutts & Company ("Coutts") ...

Financial Disputes Update - November 2011

Welcome to the second edition of the Taylor Wessing financial disputes and contentious regulatory newsletter. Every quarter, we ...

Routine FSA visit leads to £5.95m fine: Lessons to be learned

A routine visit by the FSA to Credit Suisse (UK) Limited ("Credit Suisse") in December 2009 has resulted in the ...

Court of Appeal stops short of confirming anonymity for bank employees reporting POCA suspicions

Shah and Another v HSBC Private Bank (UK) Limited As reported in our earlier eAlert, the High Court previously held that public ...

Asserting privilege in FSA Investigations

Organisations subject to an FSA investigation are often nervous about refusing to provide privileged information to the regulator ...

Financial Disputes Update - July 2011

Welcome to the first edition of the Taylor Wessing financial disputes and contentious regulatory newsletter. Every quarter, we ...

Taylor Wessing advises investment group A&NN on £53 million acquisition of Waterstone’s Group

International law firm Taylor Wessing has advised A&NN Group, an investment subsidiary of the family trust associated with ...

Finance Update - May 2011

Welcome to the May edition of Finance Update. We hope you like the new look. This month we look at: Be careful what you say – ...

Finance Update - April 2011

Welcome to the April issue of Finance Update. This month we look at: Effect of solicitor's undertaking in insolvencyMortgages: ...

Finance Update - March 2011

Welcome to the March issue of Finance Update. This month we look at: S123(2) - The Balance Sheet test – Still a bit of a ...

Finance Update - February 2011

Welcome to the February issue of Finance Update. This month we look at: Negligent legal advice: Extent of the lawyers’ ...

Finance Update - January 2011

Welcome to the January issue of Finance Update. This month we look at: Changes Proposed to security registration ...

Finance Update - December 2010

Welcome to the December issue of Finance Update. This month we look at: Pensions: What is the effect of Financial Support ...

The Second E-money Directive: Fast forwarding change and industry expansion

The Second Electronic Money Directive must be transposed into UK law by 30 April 2011. HM Treasury has issued a Consultation ...

Finance Update - September 2010

Welcome to the September issue of Finance Update. This month we look at: S123(2) - The Balance Sheet test - A bit of a ...

Restructuring & Corporate Recovery Update - August 2010

Welcome to the August issue of Restructuring & Corporate Recovery Update. In this issue we look at: CVAs: Their effect on ...

UK Listing Authority’s approach to reverse takeovers

Following the UK Listing Authority’s (“UKLA”) publication of revised guidelines on reverse takeovers under the Listing Rules ...

The UK Corporate Governance Code (formerly the Combined Code)

Following the Financial Reporting Council's (the "FRC") 2009 review of, and consultation on, the Combined Code, the ...

Restructuring & Corporate Recovery Update - July 2010

Welcome to the July issue of Restructuring & Corporate Recovery Update. In this issue we look at: Schemes of Arrangement: ...

Finance Update - July 2010

Welcome to the July issue of Finance Update. This month we look at: Can an offer letter sent out as part of a package be a stand ...

FSA's election manifesto

A new philosophy and 'intensive supervision' for year ahead With its own future seemingly in the hands of the electorate, the ...

Taylor Wessing advises on new financing to enhance novel stent technology

The venture capital and life sciences groups at industry leading law firm, Taylor Wessing LLP, have advised new client, Seroba ...

Taylor Wessing advises Deutsche Postbank on £80m Clapham redevelopment scheme

Taylor Wessing LLP has advised long standing client Deutsche Postbank AG on the provision of development finance to Cathedral ...

Taylor Wessing advises esure insurance on its buyout from Lloyds

Taylor Wessing LLP has advised leading online motor insurance provider esure on its management buyout from Lloyds Banking Group, ...

Finance Update - November 2009

Welcome to the November 2009 issue of the Finance Update.

Mortgage Update - October 2009

 Arrears and Possessions - Residential Mortgages

Taylor Wessing's Hotel Group scores with Clydesdale Bank

Leading law firm Taylor Wessing LLP has successfully advised Clydesdale Bank Plc on its investment into the newly opened ...

Taylor Wessing advises both Deutsche Postbank and HSH Nordbank on long awaited Minerva debt refinancing

Following months of speculation around the future of property developer Minerva Plc, two teams from Taylor Wessing's finance ...

Taylor Wessing advise Alliance & Leicester on £83.5m merchant acquisition deal