City of London Law Society send Letter to the Treasury regarding implications of the decision in matter of Fons HF (in liquidation)

City of London Law Society send Letter to the Treasury regarding implications of the decision in matter of Fons HF (in liquidation)

Original news

A letter to the Treasury from the City of London Law Society (CLLS) asks for clarification on the meaning of a loan agreement, and whether it falls within the meaning of debenture, following a recent Court of Appeal case which has caused uncertainty in the law and is causing confusion in the loan market. The CLLS is seeking clarification that HM Treasury is not treating loan agreements as debentures, and that these activities are not intended to be regulated activities.  For full letter see City of London Law Soci

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About the author:
Eleanor Stephens
Eleanor qualified in 1998 into the insolvency team at ASB law. She became a partner in 2005, and went on to head up the Recovery & Insolvency team. Whilst traditionally specialising mainly in contentious corporate insolvency matters, in recent years she has moved into the non contentious arena, in particular specialising in company administrations.