Welcome to the Summer 2015/16 issue of Financial Services Quarterly, a review of current legal issues in the financial sector.
Each quarter, we summarise recent issues and preview upcoming developments.
In this issue:
Download a copy of this issue here.
Payments by a developer’s financier to a construction company can be clawed back.
UK Supreme Court reconsiders rule against contractual penalty clauses.
Excessive penalty for non-payment not enforceable.
FMA held to be in breach of its natural justice obligations.
This publication is necessarily brief and general in nature. You should seek professional advice before taking any action in relation to the matters dealt with in this publication.