08/28/2014
Law firm begins claims against Brandeaux advisers
A law firm representing 20 former investors in the Brandeaux range of student accommodation funds said it is now in a position to “initiate claims against advisers”.
Legal, Regulation & Compliance
08/28/2014
Germany's NordLB well prepared for bank health checks
German state-backed lender NordLB said it was confident of its position in upcoming health checks of Europe's banking sector, despite a troubled market in its specialty business of ship financing.
08/28/2014
Dutch boutique picks up Freshfields' former Amsterdam head
The aim of Rutgers & Posch to offer top quality service in a personal setting combined with fair and transparent rates aligns perfectly with my own ideas on practicing law in this market.
08/28/2014
Creating a Family Foundation for Charitable Giving by Samantha Pritchard, Bond Dickinson
With the future funding capability of the Northern Rock Foundation still uncertain, charities in the North East may face the loss of a valuable, significant North East focussed donor.
08/28/2014
Deutsche Bank fined £4.7m for failing to properly report transactions
The failure, which affected all Deutsche’s Equity Swap CFD transaction reports in this period, breaches FCA rules on transaction reporting.
08/27/2014
Three directors of Ucis advice firm disqualified
By failing to preserve the company’s accounting records the directors also showed a fundamental disregard for their duties as directors of a limited company
08/27/2014
RBS to be fined £15m for giving poor sales advice to mortgage customers
Latest penalty takes bank's fines for the year to around £265m
08/27/2014
Alternative Investment Fund Managers Directive Implemented into Belgian Law
The Directive does not introduce rules and regulations on a harmonized level for AIFs.
08/27/2014
RBS and NatWest fined £15 million for mortgage advice failures
The issues with the sales process included affordability assessments failing to consider the full extent of a customer’s budget when making a recommendation, failing to advise customers who were looking to consolidate debt properly and not advising
08/27/2014
Paul Hastings and Weil Gotshal & Manges lead on German bank acquisition
US firms Paul Hastings and Weil, Gotshal & Manges have won lead roles on the OCEAN Holding acquisition of German mortgage bank Düsseldorfer Hypothekenbank, from the US investor Lone Star, in what is the largest German bank takeover since the econ
08/27/2014
IMF chief Christine Lagarde under investigation by French court
Lagarde, who was finance minister at the time, referred the case to a three-person arbitration committee
08/26/2014
FCA review of the use of in-house funds among wealth managers is gaining momentum
The Financial Conduct Authority's review of the use of in-house funds among wealth managers is gaining momentum, as audit trails come under the microscope.
08/25/2014
Deutsche Bank offers ICBC executive Zhang Hongli a settlement deal
German lender tells ICBC banker it is suing over unapproved transfer to a relative's company that it will forgo the interest in the US$6.3m lawsuit
08/24/2014
Magic Circle duo advise on LSE’s £938m rights issue as part of £1.6bn Frank Russell acquisition
The issue will be priced at £12.95 a share, with a total issuance of around 74.3m ordinary shares or approximately 27.3% of LSEG’s existing issued share capital.
08/24/2014
HSBC Faces $250m US Lawsuit for 'Ignoring Signs of Fraud of Late David Elias'
Britain's HSBC bank is facing a lawsuit over allegedly ignoring warnings that late entrepreneur David Elias was committing fraud through an investment vehicle.
08/24/2014
Germany sues Switzerland's largest private bank for £100m over lost East German assets
The German federal department responsible for chasing lost East German assets has filed a complaint in a Zurich court against Julius Baer.
08/22/2014
Julius Bär sued for missing German millions
The action claims that money deposited by an East German trading company in the former Swiss Bank Cantrade, which has been owned by Julius Bär since 2005, went missing illegally.
08/22/2014
Lloyds drafts in Brown Shipley chair to lead risk committee
He was appointed chairman of Brown Shipley in April 2012
08/22/2014
Clifford Chance builds up private equity team as associates leave
Sources say the departure of four of the firm’s private equity associates in London is symptomatic of unrest within a team following a string of high-profile partner departures in recent years.
08/22/2014
Slaughters and Wragges lead host of firms on Legal & General property sell-off
The flagship property was Coutts’ headquarters at 440 Strand