A number of particular issues and difficulties arise for lenders in taking security over art as opposed to other assets, especially in relation to art owned by natural persons. This briefing paper includes an update to the subject, sets out some of the recent general developments in the art market and highlights some traps for the unwary.
UK Court says no negative interest payable under standard ISDA Credit Support Annex: a view from the loan markets
A recent case in relation to the standard ISDA Credit Support Annex (CSA) has ruled that there is no obligation to pay negative interest under an English law CSA (see The State of the Netherlands v Deutsche Bank AG  EWHC 1935 (Comm)).
We set out the timetable and key dates around announcements or implementation of new rules in the English legal world which will be of most interest to banks and other financial institutions.