Editorial

August 01, 2005

This month's cover story explains why the House of Lords' decision in Spectrum Plus is bad news for banks. The ruling by the UK's highest court renders obsolete the fixed charge used by banks as a standard form of security agreement for book debts. This has effectively removed banks' right to jump to the front of the queue to recover the money when...

The rest of this article is available to subscribers only. Subscribe today for full access to this article.

Alternatively take a free trial, giving you access for 48 hours*.

If you are already a subscriber, please log in below to access the rest of this article.

*some articles may be excluded.

Already have an account?

Why Spectrum Plus is bad news for banks 01-Aug-2005
Fifteen trends to expect in 2006 01-Jan-2006
Where Spectrum Plus leaves book debt charges 01-Aug-2004
Lessons for Korea's new Restructuring Act 01-Jan-2005
Why contracts are saving sovereign bankruptcy 01-Mar-2006

Resources

In the past foreign investors had to contribute capital in a foreign currency. Now renminbi can be used to service an investment in China and pay investors

William Liu of Linklaters on the significance of Hopewell's international renminbi bond

Web seminars

US regulatory reform
August 3 2010
The impact of US regulatory reform on foreign financial institutions and issuers. A discussion with UBS, Morrison & Foerster and IFLR