Proposed Northern Rock legislation has potentially wider impact | Practical Law

Proposed Northern Rock legislation has potentially wider impact | Practical Law

On 18 February 2008, HM Treasury (the Treasury) published the final draft of the Banking (Special Provisions) Bill (the Bill) to nationalise Northern Rock Plc (Northern Rock). Although aimed at Northern Rock, the Bill can potentially apply to other banks and building societies in the UK if certain preconditions are satisfied.

Proposed Northern Rock legislation has potentially wider impact

Practical Law UK Legal Update 7-380-8543 (Approx. 2 pages)

Proposed Northern Rock legislation has potentially wider impact

by PLC Finance
Published on 20 Feb 2008 • United Kingdom
On 18 February 2008, HM Treasury (the Treasury) published the final draft of the Banking (Special Provisions) Bill (the Bill) to nationalise Northern Rock Plc (Northern Rock). Although aimed at Northern Rock, the Bill can potentially apply to other banks and building societies in the UK if certain preconditions are satisfied.