Banking Litigation Notes

High Court says bank need not comply with numerous and repetitive DSARs which were being used for a collateral purpose

Redemption periods and liquidity mismatch in the investment funds market: the litigation risks

New Webcast Available: The new Corporate Insolvency and Governance Act 2020 - implications for financial institutions

Legislating for LIBOR transition: UK/EU jurisdictional battle or complementary regimes?

FSB Report: Supervisory issues associated with benchmark transition: major LIBOR transition risks

UK Government announces LIBOR legislative fix: summary of proposals and our initial observations

BoE confirms daily publication of SONIA compounded index from August 2020: impact on new vs legacy cash products

The latest development in the Bank of England's (BoE) attempts to support the adoption of SONIA in cash products - and to speed up the transition away …

Proposed insolvency reforms: impact on secured and unsecured bank debt

The new Corporate Insolvency and Governance Bill, currently expected to be enacted in mid-June 2020, is likely significantly to impact secured …

UK Tough Legacy Taskforce recommends LIBOR legislative fix: key risks and next steps

High Court refuses to set aside or vary disclosure order despite risk of foreign criminal or regulatory sanctions

The High Court has refused to set aside or vary an order for standard disclosure where a defendant bank maintained that production of documents would …

LIBOR Transition: Is ARRC's Proposed Legislative Fix Constitutional?

In early March, 2020, the Alternative Reference Rates Committee (ARRC) in the US published a proposal for New York legislation to assist the transition …

LIBOR transition: The risks of interim milestone delay for the cash market due to COVID-19