Zaynabzara

Interest— Caused problems is the legislation CRA 2015 with minor modification- objector effect- it came about because of European union directive. Idea in Europe was to have a doctrine of fair terms and the English approach is to say the directive is not part of English law but to enact our own legislation. If and when we Brexit, this act is an English piece of legislation and will continue regardless.

Repayment on demand and limitation act 1980 - General lending - Domestic banking not so detailed type of banking - Situation where a bank advances money over time or an overdraft or just simply by agreement is allowed to borrow money from the bank - All done under mandate- mandate says very little- which is why there are new terms - Domestic side is becoming regulated; terms are becoming a little more developed - Good idea to have a facility letter or as well as a contract.

Confidentiality: • The bank owes a duty of confidentiality to its customers. • The customer also owes a duty to disclose fraud in relation to the bank. • These duties are formed as the bank account is opened at the relevant bank and the duty ends at the death of customer and not when the account is closed. • These duties are established from contract. • Confidentiality arises: o There is no express term in terms of confidentiality, it is an implied term.

Company decision Shareholders and Directors

used in international trading in particular. If you're a seller from one country, and selling to an overseas. If the buyer in that overseas jurisdiction wants to know that what you are supplying conforms with what you're saying (e.g quality etc). Buyer hasn't dealt with you before and money needs to pay in advance. Buyer isn't certain that the goods will be as expected, so you can enter into a performance bond whereby it gives an automatic right the if the buyer is not happy, the buyer (bene...

• Loan agreements are in place in order to protect the bank – modify contracts etc. • You are prescribing the default and the remedies – agreement will leave the general solutions but parties are allowed to state what can be constituted as a breach and how to compensate / what the consequences are – repayment in demand is very common Failure to Pay B:Breach of Representation C:Breach of Covenant (Covenant Lite Loans:Through a glass darkly June 2007 IFLR 18.) D:Cross Default E:Ins...

Main aim is the changing role of the trustee in the international bond issues. Note: problem with bond issues/due diligence/bonds in sub-prime mortgage market.

Previous legislation before the FSA- FSA 2000 still the basis for the regulation of authorisation in relation to legislation. FSA transferred to the bank of England. Actual services authority was abolished. Regulator is no longer the FSA it is either the PRA or FCA or both.

EU LAW HARMONISATION