Heavyweight and update guides to banking and insolvency law August 2006

United Kingdom

In this month's edition of the Heavyweight and the Update bulletins, you may be interested in these banking law developments:

  • Bank of Scotland v Neath Port Talbot CC - in which it was found that an order for sale of assets over which a bank had legal charges should be made in favour of a local authority to enable it to procure a private finance initiative.
  • Trafigura Beheer BV v Kookmin Bank Co - on a conflict of laws issue over a letter of credit (English versus Korean law).
  • Barber v CI Ltd - where a company had made a preferential payment under the Insolvency Act 1986 s.239, that payment could not properly be treated as valuable consideration for the purpose of defeating a transaction at an undervalue claim.

Click on the following links to open the guides in a new window:

  • The heavyweight: Comprehensive coverage of banking and insolvency law August 2006
  • The update: Your need-to-know guide to banking and insolvency law August 2006