{"id":2010,"date":"2011-04-08T16:06:07","date_gmt":"2011-04-08T06:06:07","guid":{"rendered":"http:\/\/sites.thomsonreuters.com.au\/journals\/?p=2010"},"modified":"2011-04-08T16:06:07","modified_gmt":"2011-04-08T06:06:07","slug":"journal-of-banking-and-finance-law-and-practice-update-march-2011","status":"publish","type":"post","link":"https:\/\/sites.thomsonreuters.com.au\/journals\/2011\/04\/08\/journal-of-banking-and-finance-law-and-practice-update-march-2011\/","title":{"rendered":"Journal of Banking and Finance Law and Practice update: March 2011"},"content":{"rendered":"<p>The latest issue of\u00c2\u00a0the Journal of Banking and Finance Law and Practice (Volume\u00c2\u00a022 Part 1) contains the following material:<\/p>\n<h3><strong>Section notes<\/strong><\/h3>\n<p><strong><em>Issues in cheque collection: Part 2<\/em><\/strong> \u00e2\u20ac\u201c Alan L Tyree<\/p>\n<p><strong><em>Leveraged Equities Ltd v Goodridge: Comfort for banks<\/em><\/strong> \u00e2\u20ac\u201c Jane Muir<\/p>\n<p><strong><em>Cross-border insolvency: The Australian approach to ascertaining COMI <\/em><\/strong>\u00e2\u20ac\u201c Lindsay Powers<\/p>\n<p><strong><em>Financial ADR<\/em><\/strong> \u00e2\u20ac\u201c Masahiro Ueno<\/p>\n<p><strong><em>Old is gold: Singapore provides for employees post retirement age<\/em><\/strong> \u00e2\u20ac\u201c Kala Anandarajah and Ajinkya M Tulpule<\/p>\n<h3><strong>Articles<\/strong><\/h3>\n<p><strong><em>The Personal Property Securities Act and commercial lease arrangements: A practitioner\u00e2\u20ac\u2122s guide<\/em><\/strong> \u00e2\u20ac\u201c Nicholas Mirzai<\/p>\n<p>This article analyses relevant Canadian and New Zealand decisions with respect to commercial lease arrangements under the personal property securities regime of each jurisdiction. The study of foreign judicial approaches provides useful assistance and powerful lessons for Australian practitioners preparing for the commencement of the Australian Personal Property Securities Act 2009 (Cth). As the cases illustrate, regardless of how unambiguous the legislation aims to be, various points of law still require the practical interpretation and application of the judiciary. The article also discusses many important concepts regarding the personal properties securities legislation in general. Whether used as a guide for the practitioner (as it is intended) or as an introduction to the policy behind the statute, this article aims to be comprehensive in its review.<\/p>\n<p>To purchase this article, complete the <a rel=\"attachment wp-att-31 noopener\" href=\"https:\/\/sites.thomsonreuters.com.au\/journals\/subscribe-or-purchase\/individual-article-sale\/\" target=\"_blank\">Individual Article Sale<\/a>\u00c2\u00a0order form and email it to <a href=\"mailto:tlranz.journal.orders@thomsonreuters.com\">tlranz.journal.orders@thomsonreuters.com<\/a>.<\/p>\n<p><strong><em>Home loan exit fees: The cost of ending a home loan early<\/em><\/strong> \u00e2\u20ac\u201c Neil Ashton and Ian Ramsay<\/p>\n<p>The fees charged by financial institutions are coming under increasing scrutiny. In this article, exit fees, or the fees charged by financial institutions for early termination of a variable rate mortgage, are analysed. The authors discuss why these fees are a concern, including the potential impact on competition in the home loan market, the high rate of refinancing, and the way in which exit fees can exploit human cognitive biases. The authors also review the regulation of exit fees and present data on exit fees drawn from a study of 198 home loans offered by a wide range of financial institutions and also data obtained from two consumer law centres. The authors conclude with observations relating to the new role of the Australian Securities and Investments Commission in the regulation of exit fees.<\/p>\n<p>To purchase this article, complete the <a rel=\"attachment wp-att-31 noopener\" href=\"https:\/\/sites.thomsonreuters.com.au\/journals\/subscribe-or-purchase\/individual-article-sale\/\" target=\"_blank\">Individual Article Sale<\/a>\u00c2\u00a0order form and email it to <a href=\"mailto:tlranz.journal.orders@thomsonreuters.com\">tlranz.journal.orders@thomsonreuters.com<\/a>.<\/p>\n<p><strong><em>Cross border insolvency law: Reform and recent developments in light of the JAL corporate reorganisation filing<\/em><\/strong> \u00e2\u20ac\u201c Lionel Meehan<\/p>\n<p>Japan Airlines Corporation and certain subsidiaries (together, JAL) filed for corporate reorganisation under the Japanese Corporate Reorganisation Law on 19 January 2010. JAL\u00e2\u20ac\u2122s filing presents an opportunity for the insolvency community to learn more about both the Japanese Corporate Reorganisation Law and the UNCITRAL Model Law on Cross Border Insolvency (Model Law). The JAL case has generated recognition of JAL\u00e2\u20ac\u2122s corporate reorganisation proceedings as \u00e2\u20ac\u0153foreign main proceedings\u00e2\u20ac\u009d in the United States under the American implementation of the Model Law in Ch 15 of the US Bankruptcy Code, in the United Kingdom under the Cross Border Insolvency Regulations 2006, in Australia under the Cross Border Insolvency Act 2008 (Cth), and in Canada under the Companies\u00e2\u20ac\u2122 Creditors Arrangement Act, RSC 1985, c C-36.<\/p>\n<p>To purchase this article, complete the <a rel=\"attachment wp-att-31 noopener\" href=\"https:\/\/sites.thomsonreuters.com.au\/journals\/subscribe-or-purchase\/individual-article-sale\/\" target=\"_blank\">Individual Article Sale<\/a>\u00c2\u00a0order form and email it to <a href=\"mailto:tlranz.journal.orders@thomsonreuters.com\">tlranz.journal.orders@thomsonreuters.com<\/a>.<\/p>\n<p>For the full table of contents, click here: <a rel=\"attachment wp-att-2012\" href=\"https:\/\/sites.thomsonreuters.com.au\/journals\/2011\/04\/08\/journal-of-banking-and-finance-law-and-practice-update-march-2011\/jnl-bank-law-fin-vol-22-no-1-mar-11-contents\/\">JBFLP Vol 22 Pt 1 Contents<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The March 2011 issue of the Journal of Banking and Finance Law and Practice contains comments and articles on the Personal Property Securities Act, home loan exit fees, cross-border insolvency laws and a variety of other financial issues relevant in Australia and overseas.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37,39],"tags":[362,363,364,365,366,367,368,369,370,371,372,373,374,83],"class_list":["post-2010","post","type-post","status-publish","format-standard","hentry","category-journal-of-banking-and-finance-law-and-practice","category-update-summaries","tag-ajinkya-tulpule","tag-alan-tyree","tag-cross-border-insolvency","tag-home-loan-exit-fees","tag-ian-ramsay","tag-jane-muir","tag-jbflp-contents","tag-kala-anandarajah","tag-lindsay-powers","tag-lionel-meehan","tag-masahiro-ueno","tag-neil-ashton","tag-nicholas-mirzai","tag-personal-property-securities-act-2009"],"_links":{"self":[{"href":"https:\/\/sites.thomsonreuters.com.au\/journals\/wp-json\/wp\/v2\/posts\/2010","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sites.thomsonreuters.com.au\/journals\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sites.thomsonreuters.com.au\/journals\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sites.thomsonreuters.com.au\/journals\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/sites.thomsonreuters.com.au\/journals\/wp-json\/wp\/v2\/comments?post=2010"}],"version-history":[{"count":0,"href":"https:\/\/sites.thomsonreuters.com.au\/journals\/wp-json\/wp\/v2\/posts\/2010\/revisions"}],"wp:attachment":[{"href":"https:\/\/sites.thomsonreuters.com.au\/journals\/wp-json\/wp\/v2\/media?parent=2010"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sites.thomsonreuters.com.au\/journals\/wp-json\/wp\/v2\/categories?post=2010"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sites.thomsonreuters.com.au\/journals\/wp-json\/wp\/v2\/tags?post=2010"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}