08/02/2017
Lawyer accused of alleged £6m property scam declared bankrupt
Another failed investment business that folded with multi-million pound debts.
Legal, Regulation & Compliance
08/01/2017
EU money fund rule threatens negative rates management tool
Constant net asset value funds may have to change format during prolonged spells of negative rates
08/01/2017
Lloyds, RBS and HSBC face hit to revenues as UK watchdog considers ban on overdraft fees
The bank currently takes about £300mlm a year in fees that will now be abandoned.
08/01/2017
Herbert Smith Freehills - Financial regulation update
FCA review of high-cost credit
08/01/2017
Ogier acts for £200m stake in Milton Park, Oxfordshire
Milton Park is home to over 250 organisations and employs over 9,000 people.
08/01/2017
Germany tightens restrictions on foreign investment from outside the EU
The new rules reflect this increasingly cautious approach to foreign investment.
07/31/2017
FCA signals death knell for LIBOR
On 29 June 2017, the Bank of England RFR working group published a white paper on potential approaches to a broader adoption in sterling markets of the SONIA benchmark.
07/31/2017
EU Proposes Account Freezes to Prevent Bank Runs; Bitcoin to the Rescue?
According to EU rules, each depositor that has less than 100,000 euros deposited in a bank account is insured from a bank run.
07/31/2017
How thousands of Britons are at risk from ‘world’s biggest online scam’
Lawyers tell The Independent victims are losing up to £1m each in investment fraud
07/31/2017
Banks settle currency manipulation claims for $111m
Investors accused the banks of manipulating the currency markets, typically to the benefit of traders rather than their clients.
07/31/2017
European Commission contacts banks over research pricing
Some banks accused of ‘price dumping’ in order to win contracts from fund managers
07/31/2017
MiFID II: ESMA Clears a Path for a Simple Form of Identified Target Market for UCITS
The criteria above and how they should apply to UCITS are considered further in the Appendix.
07/31/2017
Addleshaws, Eversheds and Simmons claim places on HSBC UK legal panel
The bank previously reviewed its panel in 2012, when it expanded its roster to include a group US firms including Cleary Gottlieb Steen & Hamilton, Latham & Watkins and Mayer Brown.
07/29/2017
The General Data Protection Regulation - Top 10 Considerations
Controllers must implement appropriate security measures, such as pseudonymization
07/28/2017
Regulator calls on banks to replace Libor by 2022
FCA head says scandal-tainted rate benchmark no longer fit for purpose
07/28/2017
Individual Accountability: Extending the Senior Managers & Certification Regime to all FCA firms
This briefing contains a high level summary of the key elements of the new regime. The consultation ends on 3 November 2017.
07/28/2017
Herbert Smith Freehills - Financial regulation update
FCA speech on LIBOR
07/28/2017
Ogier advises on record-breaking £1.28 billion "Walkie Talkie" purchase
As well as the landscaped public gardens called the Sky Garden.
07/28/2017
Employment Tribunal fees ruled unlawful - considerations for charities - Witheras
The judgment is likely to have significant short-term and long-term effects.
07/28/2017
Setting up a trust for Russian tax residents - most common questions
The new rules continue to shape the way Russians think, plan and comply since their concerns around succession and asset protection may be even more relevant now.