12/22/2016
COMCO fines Swiss franc Spread cartel
COMCO’s decision can be appealed to the Federal Administrative Court
Legal, Regulation & Compliance
12/22/2016
Dutch housing co-op Vestia sues Deutsche Bank
We dispute the claims and will be defending ourselves in court.
12/21/2016
Cahuzac: Banque Reyl to Appeal the Verdict
The bank's CEO received a suspended jail sentence of one year and a fine of 375,000 euros
12/21/2016
Top French banks sue ECB to reduce capital demands
The Frankfurt-based institution has been sued repeatedly over its bond-buying programmes and by smaller banks seeking to escape its supervision.
12/21/2016
Financial regulation update
EBA recommends a harmonised EU-wide framework for covered bonds
12/21/2016
FCA must disclose extra documents in Libor case
There was a culture where the manipulation of the Libor setting process was pervasive
12/21/2016
U.K.-based banks could sue the bloc if it does not grant them a transitional deal
Britain's 26 billion pounds legal sector could be at 'risk' if the government fails to secure guarantees following Brexit.
12/21/2016
Eversheds partners vote in favour of merger with US firm Sutherland
Partners have voted in favour of a merger between law firms Eversheds and Sutherland.
12/21/2016
BNP Paribas, Societe Generale among major French banks suing ECB to reduce capital demands
The legal action comes amid heightened tension between banks and the ECB
12/21/2016
Spanish Banks Lose EU Case on Mortgage Interest Repayments
EU court ruling concerns ‘mortgage floors’ on Spanish loans
12/21/2016
Former trader claims in court Belgian law applies to Euribor
City watchdog disagrees with Christian Bittar’s reading of legislation
12/21/2016
Dutch housing coop Vestia seeks damages from Deutsche Bank for derivatives
Vestia's own losses are usually estimated at about 2 billion euros
12/20/2016
Herbert Smith Freehills - Financial regulation update
The PRA has published a frequently asked questions (FAQ) document on Solvency II regulatory reporting.
12/20/2016
WW Property Investments Limited v National Westminster Bank
Court of Appeal refuses permission for addition of claims regarding LIBOR manipulation
12/20/2016
UBS accused over cross-border ‘tax fraud money laundering’
French judicial authorities’ have been investigating UBS since April 12, 2012
12/20/2016
Orrick Named to Geneva's Top 5 Law Firms for Litigation and Arbitration
Geneva is an important base for our international litigation, arbitration and dispute resolution practices
12/20/2016
Italy court acquits four former JPMorgan execs in Parmalat case: source
Parmalat collapsed at the end of 2003 with a 14 billion euros hole in its accounts.
12/20/2016
Deutsche Bank could settle U.S. penalty this week: source
This would remove the biggest uncertainty facing the bank, which had sought a deal before President-elect Donald Trump, a Republican, takes office on Jan 20.
12/20/2016
Tangible results on the road to reform in Ukraine
Reforms are necessary to make Ukraine a stable, prosperous country.
12/20/2016
OCCRP Reporting Leads to Moves Against Baltic Banks
Also in March 2016, the European Central Bank (ECB) stripped the license of Trasta Komercbanka, which had Ukrainian co-owners.