ECJ rules on defining financial collateral arrangements – Shoosmiths legal updates (press release)

Published: 23 Feb 2017 Author: Liz Sweeney and Sam Jadhav Applies to: England and Wales Restriction on disposal remains key as European Court of Justice (ECJ) gives its first ruling on the interpretation of the financial collateral arrangements directive in Private Equity Insurance Group SIA v Swedbank AS [2016] The ECJ recently delivered a judgment…

Bulgarian prosecutors charge 18 in Corpbank investigation – bne IntelliNews

The main investigation into Corporate Commercial Bank (Corpbank), which collapsed in 2014, has been completed, the specialised prosecutors office announced on February 22. Prosecutors have charged 18 people after interrogating more than 400 witnesses. In June 2014 Corpbank, then Bulgarias fourth largest lender, suffered a bank run that deprived it of liquidity. It was put…

Over 100000 people could be made homeless by banks and vulture funds through mass evictions, insolvency experts … – Irish Mirror

Over 100,000 people could be made homeless by the banks and vulture funds through mass evictions in the coming months, the countrys insolvency experts claimed today. They fear that the financial institutions are about to embark on a concerted campaign of repossessions against the tens of thousands of homes in long-term mortgage arrears. The Association…

Mortgage market investigation launched amid concerns over high variable rates – Irish Independent

(Stock image) The States competition watchdog has launched a probe into the mortgage market and questioned the low-level of competition in property lending. And it has raised concerns over the fact that variable rates here are among the highest in the Eurozone. The home-loan lending market in this country is highly concentrated, the Competition and…