04/29/2013
Barclays wins Libor appeal in £70m mis-selling case
The trial is seen as a test case for small British firms who believe they were mis-sold such swaps
Legal, Regulation & Compliance
04/29/2013
Ernst and Young sued over alleged negligence
ACCOUNTANCY firm is being sued by a market trading company
04/28/2013
German bank directors not linked to rate rigging-WSJ
German financial markets watchdog Bafin has not turned up any evidence that German bank directors were involved in manipulating benchmark interest rates, a top Bafin official has told the Wall Street Journal Deutschland.
04/28/2013
Hogan Lovells partners comment on the Enterprise and Regulatory Reform Bill
‘Many of the changes introduced by the bill are designed to redress that perceived imbalance and to ensure a more level playing field when considering what is fair to both employees and employers.’
04/28/2013
UK companies accused of money laundering in Magnitsky probe
Evidence that the UK system has been abused prompted one MP to demand the Government
04/27/2013
Reckless bankers will be jailed
The government’s banking commission is considering legislation which would see reckless bankers jailed
04/26/2013
CoA throws out Linklaters client Commerzbank's bonus appeal
The claim was launched in September 2009 after Dresdner Kleinwort reneged on promises to hand over bonuses it had promised to mitigate the risk of significant staff defections.
04/26/2013
Taylor Wessing favours global network in 16-strong promos round
Across the network, four new partners are in corporate, the practice receiving the most partner additions.
04/25/2013
FCA warns managers on cashing in on clean fee shares
The FCA has told fund managers to expect a further clampdown on charges
04/25/2013
FCA sets out new rules for the platforms industry
The Financial Conduct Authority has published rules to make the way that investors pay for platforms more transparent.
04/24/2013
Bank of Ireland loses court battle with HMRC over subsidiary's £30m tax bill.
The case centred on the bank's transfer of a swap contract to another subsidiary
04/23/2013
Addleshaw Goddard strengthens asset based lending capability
He joins Addleshaw Goddard from Eversheds
04/23/2013
Deutsche Bank sued for $8bn over 'sexy, crazy trades'
A billionaire investor’s business was “destroyed by a tsunami”
04/23/2013
Harlequin files for administration
The directors of Harlequin Management Services (South East) Limited have filed a notice of intention to appoint an administrator to the High Court of Justice.
04/23/2013
EFG Private Bank reaches settlement with Financial Conduct Authority
EFG Private Bank is disappointed that shortcomings were found relating to the period December 2007 to January 2011, even though it has found no evidence that money laundering actually took place.
04/23/2013
Norton Rose announces 33 global partner promotions ahead of US combination
For the second consecutive year, female partners accounted for a strong percentage of all promotions (42% this year and 44% last year).
04/22/2013
Dechert, Quinn and Weil among revenue risers in growth year for US firms
All but seven saw their UK revenues rise in 2012
04/21/2013
Three more banks to be punished by Financial Conduct Authority for Libor scandal
THE Financial Conduct Authority (FCA), the City’s new watchdog, expects to fine three more banks for Libor manipulation before the end of the year.
04/21/2013
UK turns to court to fight euro zone transaction tax plan
They are concerned about the extra-territorial aspects of the (European) Commission's proposal,
04/21/2013
SJ Berwin promotes five to partner worldwide
Recognising, developing and promoting talent within our firm is a key part of our growth strategy