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28 Jan 2009, 9:00 am
For discussion of the adequacy of $50 million D&O insurance for a company the size of C&A see Stockman and the Limits of D&O Insurance and US v. [read post]
2 May 2013, 12:45 pm
  In the future, he can put the money in the bank instead of up his nose. [read post]
1 Aug 2017, 1:05 pm by John Wright
One argument the banks were using (and sometimes winning) was the theory that SFR ’s decision did not apply to foreclosures that occurred before date of that decision. [read post]
12 Jan 2021, 4:07 am by Vassilis Mavrakis
In a late 2020 judgment (Aegean Baltic Bank SA v Renzlor Shipping Ltd and Ors [2020] EWHC 2851 (Comm)), the High Court provided important guidance on the position of a bank under security documents relating to a loan agreement, and its obligations when exercising its rights as assignee to the insurance policies over a vessel. [read post]
2 Nov 2011, 11:56 pm by Dharmendra Chatur
The UK Supreme Court on Nov. 2, 2011 handed down two interesting judgments: Rainy Sky S.A and others (Appellants) v Kookmin Bank (Respondent) [ see judgment, press summary, BAILII] The Court held that when there is an ambiguity in construction of a clause in a commercial contract, the interpretation that would be consistent with business common sense should be given effect to. [read post]
3 Sep 2014, 11:08 am
National Bank Assn.) and for the worst majority opinion (People v. [read post]
15 Apr 2024, 9:01 pm by renholding
PayServices, an Idaho-chartered bank, submitted its master account application in August 2022 with the FRBSF, seeking to use the FRBSF’s transaction-related services to provide payment processing to non-U.S. customers. [read post]