11/03/2015
BNP Paribas ‘wet ink’ slip-up leads to US$650m suit
The French lender’s failure to follow local regulations resulted in a costly lawsuit after the bank missed out on a crucial procedure in Saudi Arabia
Legal, Regulation & Compliance
11/03/2015
Hedge Fund Presses Vienna Prosecutor to Investigate UniCredit Execs
Move relates to Italian lender’s acquisition of Bank Austria
11/02/2015
The Cape Town Convention in the UK: Effective 1 November 2015
The UK has amended its existing insolvency laws by adopting Alternative A of Article XI of the Protocol
11/02/2015
Lloyds Bank scraps plan to sue RBS as part of RBSAG joint action
The Treasury is alleged to have been concerned that a high-profile legal spat between two partly state-owned banks would be “embarrassing” and interfere with its plans to return the banks to private ownership.
11/02/2015
Single family offices set to evolve under regulatory gaze
Regulators around the world are carefully scrutinising the sector with a view to bringing them under their oversight
11/02/2015
SBCI in negotiations with new funders
Two additional funding sources for the Strategic Banking Corporation of Ireland totalling about €450m could be unveiled within months
11/02/2015
Greek banking system needs €14.4bn after ECB finds capital black hole
European Central Bank finds shortfall in country's four biggest banks to be plugged before the end of the year
11/02/2015
Law Firm of the Year for Energy: CMS Hasche Sigle again recognised by JUVE
The Law Firm of the Year award is well-earned recognition of the hard work and professionalism of the 30 specialists that make up our team
11/02/2015
Five WFW partners listed as leadings lawyers by Best Lawyers in Spain
The results demonstrate the firm’s commitment to its key sectors
11/02/2015
WFW’s expansion of Corporate practice continues with industry expert partner hire
He has also advised on projects in Europe, the Middle East, Africa and extensively throughout Asia-Pacific, particularly Mongolia.
10/30/2015
CMS advises Allianz Real Estate Germany on acquisition of "Haus an der Wien"
The purchase price was around EUR 94 million.
10/30/2015
Deutsche Boerse steals march on London with new China venture
China's foreign exchange operator will establish a 50-50 joint venture with Deutsche Boerse, and the German exchange will also establish a three-way venture with the Shanghai Stock Exchange and China Financial Futures Exchange.
10/30/2015
Omani sovereign wealth fund calls in Freshfields to sue Bulgaria
The fund held a 30% stake in KTB
10/30/2015
Isle Of Man to unify financial regulators
Members will serve a five-year term but to ensure a degree of continuity when the new board comes into effect
10/29/2015
Investec harnesses the benefits of Euroclear UK & Ireland’s automated fund service
By going live with EUI, IW&I has extended distribution automation from order placement to now include full settlement of unit and related cash movements, as well as holdings reconciliation.
10/29/2015
‘We do not second guess adviser judgements’: FSCS chief
The concern about moral hazard is, to my mind, even harder to justify when it comes to the provision of regulated advice, they know the limitations of their knowledge of financial matters and of product markets.
10/29/2015
Rogue traders named by FCA
The FCA claimed that individuals were using the name and business reference number of authorised firm Lackner Kurt, allegedly to try and dupe people.
10/28/2015
US escalates Deutsche Bank probe into Russian trades
Gina Chon in Washington, James Shotter in Frankfurt and Kathrin Hille in Moscow
10/28/2015
Transitional period for pension fund management VAT changes to be extended, says HMRC
The changes are being introduced following a decision of the Court of Justice of the European Union on this issue.
10/28/2015
FCA Bans Weaving Capital founder Peterson From U.K. Finance Industry As Closure to a Big Scandal
In a report by Investment Week, the Serious Fraud Office investigated Peterson and convicted the ex-hedge fund boss after 12 weeks of trial