Monthly Archives: January 2019

Court of Appeal confirms bank’s wide discretion in determining “fair market value” for ‘repo’ trades under Global Master Repurchase Agreement

In particular, when assessing “fair market value”, the non-defaulting party is entitled to have regard to any distressed or illiquid market conditions that were being experienced at the relevant time. Background  Landsbanki Islands (“LBI”), an Icelandic bank, had entered into …

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One in a million? No, you’re only one in five.

The Times has reported that one in five people aged 65 and over has a total household wealth of more than £1,000,000. On reflection perhaps this doesn’t seem that surprising given the rise in the value of pension funds and …

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One in a million? No, you’re only one in five.

The Times has reported that one in five people aged 65 and over has a total household wealth of more than £1,000,000. On reflection…

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‘Strexit’- dealing with workplace, stress, depression and anxiety

Ever had to deal with a toxic work environment? Being undermined? A lack of support? Working to tight deadlines under pressure? One can only assume this would resonate quite strongly with Theresa May at present. In a wider context however, …

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Drone related incidents – The costs for airlines

The impact on passengers following the Gatwick incident, where drone sightings caused the runway to be closed for over 24 hours, has been well documented. It has been estimated that somewhere in the region of 140,000 travellers had their plans …

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Proceed with caution when offering professional advice as a favour

The decision, which saw the architect facing a £265,000 claim, is welcome but does not change the law. Whether substantial professional advice is given freely or charged without entering into a formal contract, a duty of care remains. In 2013 …

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