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ARTICLE · 09 OCTOBER 2008

IFI Update London, August/Octber 2008 - Part 1

Salans LLP
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The Court of Appeal has considered a number of issues arising from an international sale of goods transaction, including the autonomy of a demand repayment guarantee.

United KingdomFinance and Banking
Andrew McKnight
Andrew McKnight

CONTENTS

Introduction to this Update

In this issue, we examine the following topics:

  • International sales of goods, the independence of demand guarantees, claims against a bank for wrongful receipt of moneys and claims in conversion
  • Debt ranking, payment and distribution
  • Investment products: the duty of a selling or advising bank
  • Securities lending transactions
  • Authority to bind a principal to a contractual obligation
  • Choice of jurisdiction clauses
  • State immunity from enforcement against assets
  • Recognition and enforcement of a foreign arbitral award
  • Appointment of administrators

International sales of goods, the independence of demand guarantees, claims against a bank for wrongful receipt of moneys and claims in conversion

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