Guide to banking and insolvency law September 2008

United Kingdom

The effect on borrowers of bank mergers and the restriction of inter-bank lending, the referral of the Financial Collateral case, Alfa Telecom to the Privy Council and two articles on the bank charges test case feature in this month's Heavyweight:

Appearing:

  • "Bank mergers - grim prospect for borrowers" an article appearing in Corporate Recovery & Insolvency journal and a research paper on "Bank mergers and lending relationships".
  • Alfa Telecom Turkey Ltd v Cukurova Finance will be heard by the Privy Council on 23 February 2009. The case is the only one so far on the Financial Collateral Arrangements (No.2) Regulations 2003, on the meaning of control and whether the Regulations are ultra vires the European Communities Act 1972.
  • Two articles on the test case on bank charges.
  • Notice of a glossary to be published of terms in payment, clearing and settlement systems.
  • An article on two cases that show the real point of the concept, Treating Customers Fairly.