Heavyweight and update guides to banking and insolvency law May 2006

United Kingdom

In this month’s editions of the The heavyweight (comprehensive coverage of banking and insolvency law May 2006) and the The update (your need-to-know guide to banking and insolvency law May 2006) you will find:

  • National Grid found itself liable for clean-up costs of land it had not contaminated.
  • The EC proposal known as Rome 1 on contractual liabilities was not adopted by the UK.
  • Consultation has started on more changes to FSMA 2000.
  • Is UNCITRAL necessary? The Navigator case seemed to manage fine without it.
  • Should the court dismiss a winding-up petition or issue a validation order to allow bank account to operate? In re Square 3 Ltd.