Banking Litigation Notes

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

BANKING LITIGATION PODCAST EPISODE 17: MONTHLY UPDATE – MAY 2020

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 …

ISDA releases report explaining final results of LIBOR consultation on pre-cessation fallbacks: the nuance behind the consensus

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 …

High Court finds in favour of novel duty of care on employers (or quasi-employers) to protect against economic loss by providing an “ethically safe” work environment

Competing class actions in the Competition Appeal Tribunal: no preliminary ruling on carriage issue

In a recent ruling in the Forex litigation, the Competition Appeal Tribunal (CAT) has held that the question of which of two competing applicants can …

BANKING LITIGATION PODCAST EPISODE 16: MONTHLY UPDATE – MARCH / APRIL 2020

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

Court of Appeal upholds High Court contractual construction of CLO transaction

Biannual Banking Litigation Update: October 2019 – April 2020