Welcome to the inaugural edition of the Asset Finance & Leasing Newsletter which highlights important case law and developments that could have an impact on your business.
To read the Locke Lord Asset Finance & Leasing Newsletter, click here.
In This Issue
New GAP Insurance Rules
The FCA published new rules in June governing the sale of add-on Guaranteed Asset Protection (GAP) insurance. read more
NRAM v. McAdam
In December 2014 the High Court’s judgment in this test case left NRAM (previously Northern Rock PLC) with a potential liability of £258 million. read more
Improving Individual Accountability
The rules on individual accountability are being introduced following changes set out in the Banking Reform Act, to improve professional standards and culture within the UK banking industry. read more
CRA 2015 Briefing 06-15
The main provisions of the Consumer Rights Act 2015 (CRA) came into force on 1 October 2015. read more