03/27/2015
Fred Goodwin told to hand over private emails in Royal Bank of Scotland lawsuit
Judge approves request from thousands of shareholders suing bank over 2008 rights issue to have personal emails disclosed
Legal, Regulation & Compliance
03/27/2015
Deflation Makes Euro Bond Slide an Opportunity for Standard Life
European Central Bank President Mario Draghi faces a tall order in his mission to boost inflation to close to 2 percent
03/27/2015
Spain Urges EU to Remove Barriers to Banking Takeovers
Spain, home of the euro area’s largest bank, is pushing the European Union to remove obstacles to cross-border mergers of retail lenders
03/27/2015
ABN Amro Initial Offering Is Delayed Amid Pay, Probe Queries
The cabinet had planned to decide on how to proceed with the sale in the first quarter.
03/27/2015
Insider trader jailed for 10 months
He admitted dealing on the basis of inside information he obtained during the course of his employment relating to the takeover of Logica PLC by CGI Group
03/26/2015
OC, Mishcon, DLA Piper and CC major winners at 2015 Legal Business Awards
Osborne Clarke (OC), Mishcon de Reya and Clifford Chance (CC) were among the major winners at the 2015 Legal Business Awards
03/26/2015
Standard Life chief: EU exit would be 'disastrous' for UK
The chairman of Standard Life has said that an exit from the European Union would be 'disastrous for London and the UK'
03/26/2015
FCA tightens UK pensions reforms
The Financial Conduct Authority said it would proceed with several “remedies to support consumer choice” in the pensions market
03/26/2015
Porsche Wins Dismissal of Hedge-Fund Appeals Case, Court Says
Porsche Automobil Holding SE scored a victory in the first appeals case in a battle against investors seeking a total of 5 billion euros
03/25/2015
Top British fund executives face pay restraint as regulators circle
Some of Britain's top money managers are showing signs of pay restraint amid rising concern the industry's bank-style rewards could be a threat to financial stability.
03/25/2015
Italian voluntary disclosure – Issues likely to be faced by trustees with Italian resident settlors/beneficiaries and/or Italian assets
As previously reported, Italy has launched a voluntary disclosure programme along the lines of those already in existence in the UK and the US. The new disclosure facility will come to an end on 30 September 2015.
03/25/2015
Law Commission charity law consultation - Withers
The Law Commission has published a consultation paper on specific legal matters relating to charities
03/25/2015
New Clients – Old Reasons In Guernsey
Appleby's Gavin Ferguson examines how Guernsey has evolved to provide clients from all over the globe with innovative advice
03/25/2015
How Malta is Fast Developing as a European Securitisation Centre
Securitisation is often associated with the financial crash of 2008 which was in part caused by the over rating of pools of mortgages within Collateralised Debt Obligations (CDOs) which started a chain reaction of events exposing weaknesses in an already
03/24/2015
Broader SIFI designation has managers scrambling
Say latest plan could result in higher costs
03/24/2015
FCA to examine asset management fees, pensions
The Financial Conduct Authority has set out the key areas of work it will undertake in the forthcoming financial year with the publication of its Business Plan for 2015/16
03/24/2015
Elian launches Funds Compliance Services to overcome clients’ regulatory demands
In anticipation of fast-changing developments in Jersey’s regulatory environment and the sharper emphasis on corporate governance, Elian has launched a comprehensive suite of professional compliance services that will significantly reduce clients&rs
03/24/2015
Royal Court of Jersey confirms existence of Trustee’s equitable lien
A former trustee’s equitable lien is separate from any contractual right to an indemnity a former trustee may have under a deed of retirement of trustees.
03/24/2015
British banking body calls for supervision of tech challengers
A report by the BBA and management consultants Accenture said that the digital revolution will be as much of a challenge for regulators as for banks.
03/23/2015
UK court asks Pak to pay 150,000 pounds to India as legal fee
In a setback to Pakistan, a UK court has directed it to pay 150,000 pounds to India as legal fees in the 67-year-old Hyderabad Funds case involving the Nizam's money.