Protecting clients’ money and assets has been a pillar of the UK financial regulatory regime. The obligation on regulated entities to “…arrange adequate protection for clients’ assets when it is responsible for them” is enshrined in Principle 10 of the Principles of Business Sourcebook of the Financial Services Authority (FSA) Handbook. The FSA has made rules to protect client money by requiring FSA regulated entities to hold such money in trust accounts (the Client Money Rules).
United Kingdom, Banking, Insolvency & Restructuring, Litigation, Locke Lord LLP, Share (finance), Legal personality, Financial regulation, Mediation, Investment company, Lehman Brothers, FSA
Court Broadens Interpretation of Code Sections Invalidating Ipso Facto Contract Provisions
USA, Insolvency & Restructuring, Litigation, Locke Lord LLP, Bankruptcy, Debtor, Collateral (finance), ISP, Interest, Swap (finance), Deed, Default (finance), Subsidiary, Lehman Brothers cases, Lehman Brothers, United States bankruptcy court, US District Court for the Southern District of New York