Table of contents
- Original news
- What circumstances led to the decision to liquidate?
- What are the implications for the UK financial services market?
- Is there a risk of contagion and a further destabilising effect?
- Are there particular issues for international financial services-related insolvencies given that the recovery and resolution regime is still being worked on at EU level?
- What is this likely to mean for borrowers with loans from the banks?
- What should lawyers do next?
Article summary
FS and R&I analysis: How will the liquidation of Irish Bank IBRC reverberate in the UK and European financial markets? Peter Snowden, partner in the financial services group at Norton Rose, lays out what the move is likely to mean for financial institutions and lawyers alike—and why there are still conflict of interest issues in the international insolvency recoveries and resolution regime.
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