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Results: 1-10 of 98

FDIC recovery efforts highlight D&O insurance issues

  • McDermott Will & Emery
  • -
  • USA
  • -
  • September 12 2011

The Federal Deposit Insurance Corporation’s recovery efforts against the directors and officers of failed financial institutions raise numerous insurance issues that highlight the importance of negotiating favorable coverage terms before a serious claim arises

Commission announces investigation into State aid to Fortis and ABN Amro

  • McDermott Will & Emery
  • -
  • European Union, Netherlands
  • -
  • April 10 2009

The European Commission has opened an in-depth investigation concerning the compliance with EU State aid rules of State measures in favour of Fortis Bank Nederland (FBN) and ABN Amro

Challenging times for CDO trustees

  • McDermott Will & Emery
  • -
  • USA
  • -
  • December 10 2007

Collateralised debt obligation (CDO) transactions have recently come under scrutiny as a result of the subprime mortgage crisis

Treaty relief from withholding tax on interest new passport procedure

  • McDermott Will & Emery
  • -
  • United Kingdom
  • -
  • April 12 2010

Non-UK banks and institutional lenders should be aware of this forthcoming reform by HMRC of the process for granting treaty relief from withholding tax on corporate interest

FSA guidance on unfair consumer contract terms

  • McDermott Will & Emery
  • -
  • United Kingdom
  • -
  • March 6 2012

The Regulations implement the European Union Unfair Contract Terms Directive (9313EEC

UK House of Lords rules that credit card issuers are jointly liable with foreign suppliers

  • McDermott Will & Emery
  • -
  • United Kingdom
  • -
  • January 31 2008

In Office of Fair Trading v Lloyds TSB Bank plc and others 2007 UKHL 48, the House of Lords held that UK credit card issuers are jointly liable with foreign suppliers in breaches of contract and misrepresentation under Section 75 (1) of the Consumer Credit Act 1974

Commission opens in-depth investigation into Dexia state aid

  • McDermott Will & Emery
  • -
  • European Union
  • -
  • March 20 2009

In the wake of the credit crisis, the Belgo-French banking and insurance group Dexia was granted a joint relief package by the Belgian, French and Luxembourg Governments

Financial Services Authority update: financial promotions and non-promotional communications on new media

  • McDermott Will & Emery
  • -
  • United Kingdom
  • -
  • August 3 2010

In June 2010, the Financial Services Authority (FSA) published an update on financial promotions using new media, following its review of the use of new media channels by those in the financial services sector

OFAC publishes new Iranian Transactions and Sanctions Regulations

  • McDermott Will & Emery
  • -
  • Iran, USA
  • -
  • October 24 2012

Recently the U.S. Treasury Department Office of Foreign Assets Control (OFAC) issued new Iranian Transactions and Sanctions Regulations

The LIBOR scandal and LIBOR explained

  • McDermott Will & Emery
  • -
  • United Kingdom
  • -
  • August 13 2012

The London Interbank Offered Rate (LIBOR) is considered one of the most important interest rates in the financial world

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