Monthly Update: December 2014

Welcome to December’s LexisNexis Banking & Finance highlights:

Hot Topic – Preferential creditors - changes took effect from 31 December 2014

From 31 December 2014, the Financial Services (Banking Reform) Act 2013 (Commencement No 7) Order 2014, SI 2014/3160 extends the categories of preferential debts which will take priority over floating charge holders in an insolvency.

Also in this month's highlights

  • The LMA updates its secondary trading documentation;
  • The Scottish government gets power to issue bonds; and
  • Government consults on 'Nullification of ban on invoice assignment clauses'

For all this and more, including end of year round ups for Derivatives, Debt capital markets, Leveraged finance and Project finance, key cases and relevant updates for Banking & Finance lawyers from across LexisPSL including Financial Services and Restructuring and Insolvency, click here to access the December 2014 update.

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