03/21/2016
IBRC liquidators sue former Anglo chief
Campbell was a long-standing executive at Anglo, serving under chief executives Sean FitzPatrick and David Drumm.
Legal, Regulation & Compliance
03/21/2016
Asset managers cheer rejection of EU bond rules
It asked the European Securities and Markets Authority to revisit its proposed rules on displaying bond prices, which the fund industry had previously warned would have a “seismic” impact on fixed income liquidity.
03/21/2016
French court to decide if rogue Société Générale trader gets retrial
French investigators was to decide Monday whether Jérôme Kerviel has the right to a retrial over his conviction for gambling away 4.9 billion euros while working for French bank Société Générale.
03/21/2016
European arrest warrants secured for the five former traders who declined to appear at court hearing in January
The Serious Fraud Office has secured European arrest warrants for five former traders who declined to attend a court date earlier this year.
03/21/2016
SFO ends forex investigation
A parallel investigation in the US remains live.
03/18/2016
Convicted Libor trader Tom Hayes says he lost £1m of own savings
The agency is seeking at least £2.4m of bonuses he received at UBS and Citigroup.
03/18/2016
Mourant Ozannes advises on London City Airport acquisition
London City Airport handled over 4 million passengers in 2015. Its location close to Canary Wharf and the City of London and excellent transport links have helped make it a highly attractive UK infrastructure investment.
03/18/2016
SFO faces new test in ‘Euribor 5’ case
It suggests that the SFO is losing its appetite for risk
03/18/2016
ECB Urges Italy Banks Planning M&A to Target Strong Capital
The ECB is stepping up pressure on Italian banks to tackle an estimated 360 billion euros of troubled and defaulted loans that are undermining new lending and weighing on the economy.
03/18/2016
UBS Says European Court to Hear Challenge in French Tax Case
France ordered the bank in July 2014 to post a bond of 1.1 billion euros in connection with the probe. UBS disputed the legal basis for the bail and the method of calculation.
03/17/2016
Saudi ambassador sues Irish ‘fraudster’ for £25m
Mr Ryan’s business partner, Mohammed bin Abdulrahman al-Bisher, the Saudi Arabian ambassador to the United Arab Emirates, is suing him for the return of money he claims he paid into the businessman’s personal bank account.
03/17/2016
FCA paper soothes liquidity fears in UK corporate bond market
The study on the bond market period between 2008 and 2014 dismissed fears that liquidity had become 'flighty' despite some mild and moderate shocks (including 'taper tantrum' and the US Treasury 'flash crash.'
03/17/2016
Terry Smith sues Barclays over missed investment gain
He claims it took nearly three years for the transfer from Aethelflaed Investments to purchase investments in the £4.6 billion Fundsmith Equity fund.
03/16/2016
Amazon being probed for alleged tax evasion in Italy: Reports
Amazon pays all applicable taxes in every jurisdiction where we operate, including Italy.
03/16/2016
Former equities trader pleads guilty to insider dealing
Former equities trader pleads guilty to insider dealing
03/16/2016
Former IFA given two extra years in jail
He was made bankrupt on 30 January 2013 and at the time the Confiscation Order was made, it was accepted that he had no assets available to him to satisfy it.
03/16/2016
Slaughter and May is advising Oddo & Cie - disposal of Kleinwort Benson wealth management business
Subject to regulatory approvals, Kleinwort Benson will be combined with Société Générale Private Banking Hambros to create one of the leading private banks in the UK.
03/16/2016
Hogan Lovells Advises M&G Real Estate on the Largest Ever City Centre Office Development Outside of London
On completion at the end of 2018, it will comprise 385,000 sq ft of office space and 35,000 sq ft of retail and leisure, housing around 4,000 workers.
03/16/2016
WMA: Brexit could ramp up UK regulation
Currently their UK authorisation allows remote or in-person access to clients in other member states subject only to notifying the local regulator
03/16/2016
Credit Suisse Accused of Money Laundering in Wealth-Manager Case
The complaint is based on hearings, a review of the evidence as well as information received from MROS, Switzerland’s Money-Laundering Reporting Office, the lawyers wrote.