Banking and Finance in UK Law
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Lloyd's Bank Ltd v Bundy
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With all respect to that submission, it seems necessary to point out that nothing in this judgment affects the duties of a bank in the normal case where it is obtaining a guarantee, and in accordance with standard practice explains to the person about to sign its legal effect and the sums involved.
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HM Revenue and Customs v Axa Uk Plc
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As to the effect of the ruling in the present case, in my judgment, it is clear that the Court of Justice concluded that the words "debt collection" in the carve out have a meaning capable of being applied to "transactions concerning payments" within the exemption in article 13B(d)(3) (judgment, paragraph 28, last sentence). It then has to be decided whether the actual transaction in question falls within the exemption or the carve out, and this will depend on its precise facts.
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Lipkin Gorman (A Firm)(Original Appellants and Cross-Respondents) v Karpnale Ltd (Formerly Playboy Club of London Ltd) (Original Respondents and Cross-Appellants)
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The answer must be that, where an innocent defendant's position is so changed that he will suffer an injustice if called upon to repay or to repay in full, the injustice of requiring him so to repay outweighs the injustice of denying the plaintiff restitution.
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Wallersteiner v Moir
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Dr. Wallersteiner obtained control of a public company, Hartley Baird Ltd., by means which were quite unlawful. He acquired 80% of the shares by using its own money. He operated by means of puppet concerns of his own making. All these he brought into his service to further his unworthy ends. His solicitors refused to act further for him. The Board of Trade has ordered an inquiry under the Companies Act. The liquidator of Camp Bird has brought proceedings against him.
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Bank Mellat v HM Treasury (No 2)
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The object of the direction, as the Treasury acknowledges, was to shut the Bank out of the UK financial sector, and that has been its effect. Before the direction, the Bank had a substantial international business, much of it international trade finance transacted through London.
While the courts will not usually require decision-makers to consult substantial categories of people liable to be affected by a proposed measure, the number of people to be consulted in this case was just one, Bank Mellat, and possibly also IRISL depending on the circumstances of their case. But the principle which required it is more than a principle of fairness.
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Amalgamated Investment & Property Company Ltd v Texas Commerce International Bank Ltd
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When the parties to a transaction proceed on the basis of an underlying assumption—either of fact or of law—whether due to misrepresentation or mistake makes no difference—on which they have conducted the dealings between them—neither of them will be allowed to go back on that assumption when it would be unfair or unjust to allow him to do so. If he does seek to go back on it, the courts will give the other such remedy as the equity of the case demands.
- The Power to Award Degrees etc. (The London Institute of Banking & Finance) Order 2021
- National Westminster Bank (North Central Finance & Lombard Banking) Act 1971
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Companies Act 1947
... ... be exercisable— ... ) in the case of a banking company having a share capital, ... on the like application as if the ... debenture is subject to a charge in favour of a banking or finance ... company by way of security for the purposes of a transaction entered ... ...
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Companies Act 1948
... ... (2) In the case of a banking company registered after the ... fifteenth day of August, eighteen hundred ... the Finance Act, 1940 ... (which provides for payment ... in priority to other debts ... ...
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Mediating effects of funding strategies and profit maximization: Indian non‐banking finance sector
Purpose: The mobilization of funds was severely affected with the linking of their funds mobilization to their internal owned funds. Therefore, the purpose of the study is to identify the mediating...
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Banking on Women: Selection Practices in the Finance Sector
This article reports on research designed to explore recruitment, training and promotion practices in the banking and finance industry. In recent years, the initiatives of the major banks in the ar...
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European banking authority warns finance industry off virtual currencies.
...Financial institutions should avoid using digital currencies such as the bitcoin until further regulation is in place, the European Banking Authority (EBA) has warned. Although the EBA has identified potential benefits offered by these currencies--......
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Investment banking finance analyst: Ben Bonny explains why CIMA professionals will have an advantage when competing for this highly sought-after role.
...Analytical roles such as the one advertised above are always popular, mainly because they are forward-looking rather than process-orientated in nature. Finance analyst positions are also broader than traditional accounting jobs: they entail close col......
- CREDO - Banking & Finance Update - December 2017
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Banking and finance regulatory news, June 2020 #4
Recent regulatory developments focussing on banking and finance. Includes updates relating to COVID-19 regulatory response, CRR, and more.
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Banking and finance regulatory news, June 2020 #2
Recent regulatory developments focussing on banking and finance. This week reports on the EBA's consultation on draft RTS on the prudential treatment of software assets.
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Banking and finance regulatory news, April 2021 # 4
BoE stress testing: 2021 Climate Biennial Exploratory Scenario update - Reports on key recent regulatory developments focussing on banking and finance. See also our Financial institutions general ...