WINDS OF CHANGE
The global economic crisis has changed the way we do business. Like many businesses the banks have also had to look at their appetite for risk, how to allocate their limited financial resources while retaining their existing client base and keeping their shareholders happy. As Arnold Bennett so rightfully put it: “Any change, […]
MORTGAGE BONDS: IS THE TIFFSKI JUDGMENT A BANK’S WORST NIGHTMARE?
A recent judgment handed down by the Supreme Court of Appeal on 30 September 2011 has laid bare the effects of non-compliance with the requirements of Section 34 of the Insolvency Act and should arguably sent shivers down every buyer, banker’s and conveyancing attorney’s spine. Not only was the sale and transfer of the assets […]