Welcome to the Spring 2015 edition of Finance Focus, the e-update from Thomas Cooper’s Finance Group, in which you can review the latest legal developments in your area of finance and keep up to date with Thomas Cooper’s news and forthcoming events.
Grounded on Bramble Banks – more than a shipping insurance case? (by Alex Monk)
The dramatic media coverage of the grounding of the car carrier Heogh Osaka on 3rd January off of Southampton would perhaps understandably have had many shipping and insurance lawyers looking at their contacts… (read more)
Prohibiting the prohibitions against invoice finance (by Alex Monk and Lauren Cogley)
In December 2014, the Government published its latest consultation paper entitled, ‘Nullification of Ban on Invoice Assignment Clauses’…(read more)
New regulations for buy-to-let mortgage lending (by Kate Harrison)
The implementation of the EU directive on credit agreements for consumers relating to residential property has been a matter of concern to the UK mortgage industry…(read more)
“Upside Fee” over €105 Million – Penalty or Justified Fee?(by Alexandra Shipulina)
The High Court has recently had cause to review how English law views penalty clauses in finance transactions in the case of Edgeworth Capital (Luxembourg) S.A.R.L and another v Ramblas Investments B.V  EWHC 150 (Comm)… (read more)
Companies House Filings: Mind you dot your “i”s and cross your “t”s (by Grant Eldred and Lauren Cogley)
The growing trend of online filings of company documents at Companies House and the immediate nature of available information from online searches makes the accuracy of completed filings all the more important…(read more)
The New Spanish Tax Lease (by Javier Hernández Valenciano
The new Spanish tax lease for the construction and acquisition of new vessels implemented by the Spanish Act 16/2012 of 27 December has received a decisive endorsement from the EU Court of Justice which dismissed back in December 2014…(read more)
Accrual of payment premium in the secondary debt market (by Alex Monk and Hannah Brown)
The appeal to the Supreme Court in Tael One Partners Ltd v Morgan Stanley & Co International Plc  UKSC 12 provided an opportunity for examination by the Supreme Court of the wording in the LMA’s Standard Terms and Conditions for Par Trading Transactions (the “LMA Par Trade Terms”)…(read more)
On Wednesday 4 March 2015, Thomas Cooper in conjunction with Moore Stephens hosted a Trade Finance Seminar which was attended by over 90 guests. Speakers on the night included partners Alex Monk andCharles Williams of Thomas Cooper and Jeremy Willmont of Moore Stephens.
Charles WilliamsHonorary Visiting Professor – City University London
We are pleased to confirm thatCharles Williams has been re-appointed to the role of Honorary Visiting Professor in the City Law School for a further three years. Congratulations Charles!