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Contract – Rescission. Leipzig municipal water company (KWL) sold credit protection to the investment bank (UBS) and to two other banks (LBBW and Depfa) on four portfolios of investment grade bonds and other securities. It did so by means of a series of derivative products known as single tranche collateralised debt obligations (STCDOs). Defaults occurred following the global financial crisis of 2008-9, and UBS, LBBW and Depfa sought payment of sums due under the STCDOs. The Commercial Court made rulings concerning, among other things, the availability of rescission to the parties.
Contract – Rescission. Leipzig municipal water company (KWL) sold credit protection to the investment bank (UBS) and to two other banks (LBBW and Depfa) on four portfolios of investment grade bonds and other securities. It did so by means of a series of derivative products known as single tranche collateralised debt obligations (STCDOs). Defaults occurred following the global financial crisis of 2008-9, and UBS, LBBW and Depfa sought payment of sums due under the STCDOs. The Commercial Court made rulings concerning, among other things, the availability of rescission to the parties.
Update from the Chair of the Bar
By Clement Cowley, Partner at The Penny Group
Modernising communication and collaboration at a leading Chancery set. A Zexi case study
How to build profile without compromising professional duties. By Naumaan Farooq, Co-Founder of Inked PR
Marie Law, Director of Toxicology at AlphaBiolabs, examines the role of cut-off levels, and the wider range of factors that must be considered when interpreting results for family court proceedings
Endometriosis Awareness North, a charity raising awareness of endometriosis and supporting those affected across the North of England, has received a £500 boost from AlphaBiolabs via the company’s Giving Back initiative
The case against judge-only justice – and why efficiency is not enough. By Professor Leslie Thomas KC
Jemima Coleman and Zoë Leventhal KC on the evolving global movement seeking to reframe how we view nature: to recognise that nature possesses inherent rights and to enshrine these rights in law
Heritage as an anchor and a compass, finding our common humanity and embracing the power of the outsider – Melina Antoniadis’s lessons learnt
Seeing the full picture – Baljit Ubhey OBE outlines the CPS action plan to tackle violence against women and girls, offering insights directly relevant to courtroom practice
Lauren Fullerton examines the how, what and why of setting up a second chambers base
