An article in the Financial Times last week (5 March 2013) discussed the latest idea in the derivatives market: the business of “collateral transformation”. As a reaction to the global financial collapse, regulators are introducing a clearing system for the majority of over-the-counter derivatives. They are requiring parties to run their derivatives trades through so-called […]
Category: Legal Update
CAP Reform – yet again!
When I qualified as a solicitor in 2005 I well remember the complexity bought about by the introduction of the Single Farm Payment that cruelly coincided with the start of my new job. There was much debate as to the new drafting required for sale contracts and tenancy agreements to take into account the entitlements […]
Close Brothers v Ridsdale
Close Brothers v Ridsdale [2012] EWHC 3090 (QB) Enforcement of guarantees The facts of this case are all too familiar. Mr Ridsdale had been a successful property developer. He was the first defendant and his wife was the second defendant. Mr Ridsdale carried out his property development through a company, the third defendant. Close […]