http://www.out-law.com/en/ Latest legal news on banking & restructuring from OUT-LAW.COM, part of international law firm Pinsent Masons en-gb Pinsent Masons LLP Sun, 19 May 2013 08:28:40 +0100 http://www.out-law.com/en/articles/2013/may/new-equator-principles-will-extend-environmental-assessment-to-more-project-finance-arrangements/ http://www.out-law.com/en/articles/2013/may/new-equator-principles-will-extend-environmental-assessment-to-more-project-finance-arrangements/ Banking & Restructuring A new version of the 'Equator Principles', which establish an environmental and social risk management framework for project financiers, will cover a wider range of funding arrangements. Thu, 16 May 2013 11:58:00 +0100 http://www.out-law.com/en/articles/2013/may/pf2-still-in-need-of-a-pipeline-of-projects-following-priority-schools-announcement-says-expert/ http://www.out-law.com/en/articles/2013/may/pf2-still-in-need-of-a-pipeline-of-projects-following-priority-schools-announcement-says-expert/ Banking & Restructuring Only 46 of the 216 schools due for rebuilding or repair under the Government's Priority School Building Programme (PSBP) will be financed through the new 'PF2' private finance programme, the Education Funding Agency (EFA) has announced. Tue, 14 May 2013 10:28:00 +0100 http://www.out-law.com/en/articles/2013/may/balance-sheet-test-for-insolvency-must-take-account-of-wider-commercial-context-says-supreme-court/ http://www.out-law.com/en/articles/2013/may/balance-sheet-test-for-insolvency-must-take-account-of-wider-commercial-context-says-supreme-court/ Banking & Restructuring Courts must look beyond the assets and liabilities used to prepare a company's statutory accounts when deciding whether or not a company is balance sheet insolvent, the Supreme Court has ruled. Mon, 13 May 2013 17:15:00 +0100 http://www.out-law.com/en/articles/2013/may/economists-see-signs-of-growth-for-financial-services-sector/ http://www.out-law.com/en/articles/2013/may/economists-see-signs-of-growth-for-financial-services-sector/ Banking & Restructuring Business lending, life insurance and the asset management industry are set to grow this year, according to a report by an influential group of economists. Tue, 07 May 2013 12:21:00 +0100 http://www.out-law.com/en/articles/2013/april/drax-coal-to-biomass-project-will-be-first-backed-by-uk-guarantee-says-treasury/ http://www.out-law.com/en/articles/2013/april/drax-coal-to-biomass-project-will-be-first-backed-by-uk-guarantee-says-treasury/ Banking & Restructuring The conversion of a coal-fired power station to biomass will be the first project to be backed by a UK Guarantee, the Treasury has announced. Mon, 29 Apr 2013 09:10:00 +0100 http://www.out-law.com/en/articles/2013/april/cjeu-ireland-breached-obligations-by-failing-to-guarantee-workers-pension-entitlements/ http://www.out-law.com/en/articles/2013/april/cjeu-ireland-breached-obligations-by-failing-to-guarantee-workers-pension-entitlements/ Banking & Restructuring The Irish Government could face costs "into the billions" after the EU's highest court ruled that the country had breached its obligation to guarantee the pension entitlements of workers in the event of employer insolvency. Fri, 26 Apr 2013 15:34:00 +0100 http://www.out-law.com/en/articles/2013/april/uk-government-begins-legal-challenge-to-european-financial-transaction-tax/ http://www.out-law.com/en/articles/2013/april/uk-government-begins-legal-challenge-to-european-financial-transaction-tax/ Banking & Restructuring The UK Government is challenging a proposed financial transaction tax (FTT) between 11 EU member states, saying that the plans do not respect the rights of countries not participating in the regime. Mon, 22 Apr 2013 16:06:00 +0100 http://www.out-law.com/en/articles/2013/april/new-financial-regulators-set-out-how-they-will-respond-to-their-own-failures/ http://www.out-law.com/en/articles/2013/april/new-financial-regulators-set-out-how-they-will-respond-to-their-own-failures/ Banking & Restructuring The new financial regulations have published their respective policies on "regulatory failure", including details of the factors they will take into account when deciding whether to carry out an investigation into possible failings. Mon, 22 Apr 2013 09:21:00 +0100 http://www.out-law.com/en/articles/2013/april/international-task-force-proposes-new-high-level-principles-for-financial-benchmarks/ http://www.out-law.com/en/articles/2013/april/international-task-force-proposes-new-high-level-principles-for-financial-benchmarks/ Banking & Restructuring The international task force chaired by the UK's chief financial regulator has published draft "principles" intended to "strengthen the reliability and integrity of benchmarks used in the financial markets". Thu, 18 Apr 2013 16:10:00 +0100 http://www.out-law.com/en/articles/2013/april/european-parliament-approves-bonus-cap-and-stronger-capital-requirements-for-banks/ http://www.out-law.com/en/articles/2013/april/european-parliament-approves-bonus-cap-and-stronger-capital-requirements-for-banks/ Banking & Restructuring Stricter capital requirements and more stringent supervision will apply to European banks from the start of next year after the European Parliament voted through a "comprehensive" programme of banking reform. Wed, 17 Apr 2013 15:42:00 +0100