Heavyweight and update guides to banking and insolvency law May 2006

United Kingdom
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In this month’s editions of the The heavyweight (comprehensive coverage of banking and insolvency law May 2006) and the The update (your need-to-know guide to banking and insolvency law May 2006) you will find:

  • National Grid found itself liable for clean-up costs of land it had not contaminated.
  • The EC proposal known as Rome 1 on contractual liabilities was not adopted by the UK.
  • Consultation has started on more changes to FSMA 2000.
  • Is UNCITRAL necessary? The Navigator case seemed to manage fine without it.
  • Should the court dismiss a winding-up petition or issue a validation order to allow bank account to operate? In re Square 3 Ltd.