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In the Courts
NCUA Win in Barclays Case May Hurt Credit Suisse, Other Banks
In a decision likely to have a spillover effect on other big banks, a federal appeals court has reinstated claims by the National Credit Union Administration (NCUA) against Barclays PLC over the sale and underwriting of allegedly shoddy mortgage-backed securities.
The U.S. Court of Appeals for the Tenth Circuit last month revived an NCUA lawsuit alleging that Barclays' residential mortgage-backed securities (RMBS) business played a role in the collapse of two major federal credit unions. Barclays, defended by Sullivan & Cromwell, is one of several banks the NCUA has accused of misrepresenting the quality of RMBS they sold prior to the financial crisis.
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Major Differences In UK, U.S. Copyright Laws
This article highlights how copyright law in the United Kingdom differs from U.S. copyright law, and points out differences that may be crucial to entertainment and media businesses familiar with U.S law that are interested in operating in the United Kingdom or under UK law. The article also briefly addresses contrasts in UK and U.S. trademark law.
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Removing Restrictive Covenants In New York
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