The raids, at the behest of Frankfurt prosecutors, were carried out by 60 police, tax inspectors and federal criminal investigators. Eight people were being investigated on suspicion of deliberate tax evasion.
The Kuwaiti investment company and asset manager, undergoing its second debt restructuring in three years, may be able to implement the plan as soon as next week if it wins the approval of a High Court of Justice in London scheduled for December 3.
The Royal Bank of Scotland is concerned it could receive a “double hit” of separate fines for its alleged involvement in the Libor-fixing controversy, one from the Financial Services Authority and one from the US regulators on separate days.
Travers saw off competition from Berwin Leighton Paisner, Clifford Chance, Latham & Watkins, Mishcon de Reya and Olswang to scoop the coveted Law Firm of the Year award.