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Use of derivatives by housing associations: model agreements published

On 1 October 2012, new "Policy rules on the use of derivatives by approved public housing institutions" issued by the Minister for Housing and the Central government Sector (the "Minister")entered into effect; these policy rules are d ...

Resource Article - twallace@abiwor... - 09/30/2013 - 12:15 - 0 comments - 1 attachment

CGSH Alert - FDIC and BoE SPOE Strategy

On December 10, 2012, the Federal Deposit Insurance Corporation (“FDIC”) and the Bank of England (“BoE”) released a joint paper entitled “Resolving Globally Active, Systemically Important, Financial Institutions” outlining a resolution strategy for globa ...

Resource Article - twallace@abiwor... - 09/18/2013 - 15:52 - 0 comments - 1 attachment

Law on dematerialised securities enters into force

The law of 6 April 2013 on dematerialised securities entered into force on 19 April 2013. It introduces a legal regime for dematerialised securities, inspired by existing regimes in Belgium, Switzerland and France. (Europe, France, Germany, London, ...

Resource Article - twallace@abiwor... - 09/19/2013 - 15:15 - 0 comments - 1 attachment

First Distribution Expected in Dutch Bankruptcy of Lehman Brothers Treasury Co. B.V. (“LBT”)

Sanctioning of LBT Composition Plan Becomes Final: Following a consent solicitation process (unprecedented in the Netherlands) which ended on 25 January 2013, the LBT Composition Plan, as proposed by the debtor LBT in its Dutch bankruptcy, was accept ...

Resource Article - twallace@abiwor... - 09/19/2013 - 11:22 - 0 comments - 1 attachment

Crown Jewels — Restoring the Luster to Creative Deal Lock-ups?

The “crown jewel” lock-up, a staple of high-stakes dealmaking technology in the 1980s M&A boom, has been showing some signs of life in the contemporary deal landscape, albeit often in creative new forms. As traditionally conceived, a crown jewel lock ...

Resource Article - abi_editor - 02/20/2013 - 17:49 - 0 comments - 0 attachments

The “Hindsight” Principle Does Not Apply to Client Money Claims in UK Broker Insolvencies

The High Court in London has held that clients of insolvent UK brokers are entitled to a claim based on the value of their open positions as at the date of entry into administration or liquidation, rather than based on the value actually realised when th ...

Resource Article - abi_editor - 02/20/2013 - 17:25 - 0 comments - 0 attachments

Fourth-Quarter M&A Surge Spurs Optimism After 2012 Deals Decline

Global mergers and acquisitions rose to the highest level in four years this quarter, as a surge in U.S. deals provided ground for optimism and salvaged what had been the worst year for takeovers since the financial crisis, Bloomberg News reported today. ...

Daily Headline - abi_admin - 12/27/2012 - 13:14 - 0 comments

New Guidance on the U.K. Bribery Act and Self Reporting Issued by the Serious Fraud Office

New Guidance on the U.K. Bribery Act and Self Reporting Issued by the Serious Fraud Office The Serious Fraud Office (SFO) published its new guidance on ...

Resource Article - abi_editor - 10/16/2012 - 13:10 - 0 comments - 0 attachments

Debtors’ Paradise A dangerous pitfall in Spanish bankruptcy law

In March 2008 the author wrote an article on a Spanish bankruptcy case in which a client of his was (and still is) involved, concerning a Spanish company and its liquidators who “took the money and ran”, at least with the money they should have paid to his ...

Resource Article - abi_editor - 09/24/2012 - 11:19 - 0 comments - 1 attachment

English Schemes of Arrangement: A Tool for European Restructuring

EUROPEAN UPDATE: English Schemes of Arrangement: A Tool for European Restructuring (citation: Adam Gallagher and Victoria Cromwell, English Schemes of Arrangement: A Tool for European Restructuring, XXXI ABI Journal 8, 38-39, 90-91, September 2012) - ...

Resource Article - abi_editor - 09/12/2012 - 13:05 - 0 comments - 0 attachments

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