03/10/2014
English High Court Places Manx Company into Administration
It became what is believed to be the first Isle of Man incorporated company, with its Centre of Main Interest in the Isle of Man, to be placed into administration in England.
Legal, Regulation & Compliance
03/10/2014
EU seeks deal on bank restructuring body
European finance ministers tried Monday to agree on how to set up a joint authority that can restructure or shut down failing banks.
03/09/2014
EU watchdog eyes gains from revalued Bank of Italy stakes
The European Securities and Markets Authority has raised doubts about whether Italian banks will be able to book gains in their 2013 results resulting from a hike in the value of stakes they hold in the Bank of Italy
03/07/2014
Bourtzalas becomes second partner to quit Ashurst’s Brussels office in a month
Competition and EU partner Efthymios Bourtzalas has quit Ashurst’s Brussels outpost, just weeks after the exit of renowned partner Julian Ellison from the same group.
03/07/2014
Morgan Lewis hires Taylor Wessing partner to lead City PE group
Morgan Lewis today announced that accomplished private equity and investment funds lawyer Tom Cartwright has joined the firm as a partner in the Business and Finance Practice, resident in London.
03/07/2014
Czech Republic: trust fund — a newly introduced asset management option
The recent re-codification of Czech civil law has introduced a new legal instrument called a trust fund or simply a trust.
03/06/2014
Annual Law firms survey: survival by no means certain as gap widens between midmarket and Top 10 firms - PwC
The challenges in the UK legal market highlighted in our previous surveys have taken a huge toll, so much so that medium term survival is not assured for some firms.
03/06/2014
The FCA’s regulatory approach to crowdfunding over the internet, and the promotion of non-readily realisable securities by other media
This policy statement will interest firms that operate investment-based crowdfunding platforms
03/06/2014
£75 trillion payment systems industry to have new regulator – FCA will open the market to new entrants to improve competition
Every year these payment systems process over 7 billion transactions, worth over £75 trillion. The FCA’s ‘call for inputs’ will help shape the focus of the new regulator’s work.
03/06/2014
Private banker jailed for stealing to fund addiction
An private banker who stole nearly £600,000 from wealthy clients to fund his gambling habit has been jailed for two years.
03/06/2014
Brewin Dolphin sues Charles Stanley over mass defection of staff
The case comes after six senior employees from Brewin Dolphin’s own Leicester office, including former branch head Ed Cufflin, left the firm back in March 2013 to open a Charles Stanley base in the same location.
03/06/2014
FCA to regulate crowd funding for entrepreneurs and novice investors
The Financial Conduct Authority is to issue rules and regulation in order to protect entrepreneurs who seek crowd funding to finance their ideas and businesses.
03/06/2014
Crowdfunding aggregator slams FCA intervention
Investors contributing tiny sums could be faced with multiple pages of paperwork, company founder claims.New regulatory rules governing investment into ‘crowdfunding’ projects could effectively alienate the small-time investors the funding mec
03/05/2014
Europe seeks to wrap up banker bonus-cap effort
he European Union’s efforts to restrict the bonuses bankers receive are close to paying off.
03/04/2014
Bircham Dyson Bell strengthens private client team
The Lincoln’s Inn firm will move to Bircham Dyson Bell’s Victoria offices on 1 April, when the merger takes effect
03/04/2014
Carey Olsen remains top offshore legal adviser to LSE clients
The Corporate Advisers Rankings Guide lists institutional advisers and their quoted clients.
03/03/2014
Bankers' expertise needed to sharpen new bank watchdog's teeth
he European Union's plan to bring euro zone bank supervision under one roof at the ECB aims to restore the region's banks to health after the financial crisis.
03/03/2014
Ex-Dewey & LeBoeuf partner wins first round in battle with Barclays over capital loan
The High Court last week rejected Barclays Bank’s application for summary judgment over the liability of a former partner of failed US firm Dewey & LeBoeuf for a capital loan made in his name.
03/03/2014
Linklaters loses second capital markets partner in two months
Linklaters has lost another capital markets partner with the exit of Nigel Pridmore, who quit the firm last month.
03/03/2014
Bankers’ expertise needed to sharpen new bank watchdog’s teeth
ECB needs 770 supervisors for new watchdog by November