Guide to banking and insolvency law August 2007

United Kingdom

Welcome to the August issue of The Heavyweight.

A few things to note this month:

  • The Court of Appeal has upheld the decision in IFE Fund v Goldman Sachs that the arranger of a syndicated investment was not liable for misrepresentation and negligence;
  • Despite changes in an original contract, a parent company remained liable under a guarantee in Wittmann v Willdav;
  • Draft tax regulations for property securitisation companies have been published to enable a borrower to transfer its tax liabilities to another company in its group;
  • The Competition Commission has provisionally lifted price controls on four banks in respect of SME accounts.

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The Heavyweight: Comprehensive coverage of banking and insolvency law August 2007