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Results: 1-10 of 38

Determining termination values under the GMRA - avoiding the banana skins

  • Norton Rose Fulbright LLP
  • -
  • United Kingdom
  • -
  • October 14 2008

Following the administration proceedings recently instituted against a number of UK entities (Affected Companies), many counterparties (Counterparties) may wish to terminate transactions under the TBMAISMA Global Master Repurchase Agreement (GMRA) entered into between them and Affected Companies

“Follow the settlements” in the spotlight

  • Norton Rose Fulbright LLP
  • -
  • United Kingdom
  • -
  • November 2 2007

The judgment of the Commercial Court in WASA and AGF v Lexington shows that a “follow settlements” clause in a reinsurance contract will not obviate the need for the reinsured to demonstrate that an inwards settlement falls within the terms and conditions of its outwards reinsurance

Directors’ duties

  • Norton Rose Fulbright LLP
  • -
  • United Kingdom
  • -
  • February 6 2009

The following is a broad overview of the duties and liabilities of directors when their company is in financial difficulties

Gleave and others v Board of the Pension Protection Fund

  • Norton Rose Fulbright LLP
  • -
  • United Kingdom
  • -
  • June 12 2008

The High Court has ruled that calculations of employer debt by scheme actuaries cannot be challenged by insolvency practitioners unless there is evidence of fraud or error

A scheme actuary’s calculation of the sponsoring employer’s debt cannot be challenged by insolvency practitioners in the absence of fraud or error

  • Norton Rose Fulbright LLP
  • -
  • United Kingdom
  • -
  • July 23 2008

The High Court ruled that calculations of employer debt by scheme actuaries cannot be challenged by insolvency practitioners unless there is evidence of fraud or error

Modernising the insolvency protections for the operation of financial markets - proposals to reform Part 7 of the 1989 Companies Act

  • Norton Rose Fulbright LLP
  • -
  • United Kingdom
  • -
  • August 7 2008

On 25 July 2008, HM Treasury published a Consultation Paper entitled Modernising the insolvency protections for the operation of financial markets - proposals to reform Part 7 of the 1989 Companies Act

FSA press release - Lehman Brothers Holding Inc

  • Norton Rose Fulbright LLP
  • -
  • United Kingdom
  • -
  • September 22 2008

On 15 September 2008, the FSA published a statement concerning Lehman Brothers Holding Inc

CESR publishes a report on the Lehman Brothers default and provides an assessment of the market impact

  • Norton Rose Fulbright LLP
  • -
  • United Kingdom
  • -
  • March 30 2009

On 23 March 2009, the Committee of European Securities Regulators (CESR) published a report on the market impact of the Lehman Brothers default

Priority for expenses handling claims

  • Norton Rose Fulbright LLP
  • -
  • United Kingdom
  • -
  • February 26 2007

This case concerns whether a claim to reimbursement of claims-handling expenses should have priority over other creditors on insolvency of the insured

Wider implications referral: Lehman-backed structured products

  • Norton Rose Fulbright LLP
  • -
  • United Kingdom
  • -
  • May 18 2009

The FSA has published a statement entitled Wider implications referral: Lehman-backed structured products