Articles

Asset Invoice Finance articles:

• 7 May 2012
  The Perils of Consumer Credit Reform
  The Government’s plans for the reform of the Consumer Credit Act (“CCA”) are probably now far enough advanced that it is worth raising awareness of the problems lying ahead for finance companies providing credit to consumers.
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• 7 Mar 2012
  The need for independent legal advice
  The recent case of The Trustees of Beardsley Theobalds Retirement Benefit Scheme v Yardley makes clear the importance for lenders to obtain confirmation that an individual signing a security document has received independent legal advice.
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• 5 Mar 2012
  Could it be possible to recover 50% of VAT inputs in relation to vehicles provided on Hire Purchase?
  Until recently practice would assume the answer to that question would be “no” but the 2011 First Tier Tribunal Case of Volkswagen Financial Services Limited v Revenue and Customs Commissioners may suggest otherwise.
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• 2 Mar 2012
  An intention of obtaining capital allowances does not equate to purpose
  In the case of Lloyds TSB Equipment Leasing (No 1) Ltd v HMRC the first-tier tribunal considers whether a financial arrangement was designed for the purpose of claiming capital allowances and if so whether such an arrangement would preclude a claim for ca
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• 2 Mar 2012
  Is there an obligation on a Bank to proceed with ancillary elements of a transaction when the key element collapses?
  In Destiny 1 v Lloyds TSB Bank plc, the Court of Appeal for England and Wales considered whether one agreement which forms part of a larger transaction is enforceable even where negotiations on the transaction as a whole collapse.
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• 27 Feb 2012
  Validity of Guarantees sent by SWIFT Message
  In November 2011, in the case of WS Tankship II BV v The Kwangju Bank Ltd and another, the High Court of England and Wales discussed whether a guarantee sent by SWIFT message can be considered “signed” in terms of the Statute of Frauds 1677.
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• 28 May 2010
  Emergency Budget Update
  There is to be an emergency Budget on 22 June, and there may be things which you should be doing before then.
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