01/31/2014
Moscow city court confirms sentence for Hermitage Capital CEO Browder
In June 2013, Tverskoy District Court of Moscow sentenced Browder in absentia to 9 years in prison for tax evasion to the value of 500 million rubles
Legal, Regulation & Compliance
01/31/2014
Kent-based law firm launches wealth management arm
We think it will take the advice and support we can give to clients to another level entirely in terms of holistic approach."
01/30/2014
HMRC EBT Settlement Opportunity still available - Withers
In 2011 HMRC launched the EBT Settlement Opportunity (the ‘Settlement Opportunity’) which offers employers the opportunity to settle such tax liabilities, thereby avoiding the risk of a time consuming and costly HMRC enquiry and potentially al
01/30/2014
Deutsche Bank chief says change needed on FX fixings
Deutsche is the world's biggest currency trader
01/30/2014
Regulatory myopia driving German institutionals out of equities – Union Investment
Regulators’ failure to consider “the bigger picture” has driven institutional investors into risk imbalances, according to Michael Schmidt, managing director at Union Investment.
01/30/2014
Shakespeares calls off merger talks with Davenport Lyons
Merger talks between Shakespeares and Davenport Lyons have broken down, leaving Davenport Lyons on the market for a potential deal, sources suggest.
01/30/2014
Libor Fixing Scandal: SFO Seeks Extra £19m for Fraud Investigations
The UK government's Solicitor General, Oliver Heald, also said in a statement that the SFO needs the extra cash to investigate inquiries made about the money Barclays raised through Qatar and, separately into Rolls Royce corruption allegations.
01/30/2014
LIBOR misrepresentation claims will proceed to trial
Graiseley Properties brought a claim against Barclays for rescission of two derivative contracts, linked to LIBOR, which it had entered into in conjunction with a loan facility, on the grounds that they had been unsuitable in the circumstances.
01/29/2014
Insurance Partner Joins Edwards Wildman’s Team in London
Crabtree joins from Taylor Wessing and advises on insurance and reinsurance claims and coverage disputes, often with an international element, in arbitration and litigation.
01/29/2014
Biggest Banks Seen Meeting Basel Rules Five Years Ahead of Time
The world’s biggest banks exceed or comply with capital levels under regulators’ Basel 3 proposals five years before deadline, according to Fitch Ratings.
01/29/2014
FCA bans former BGC senior executive
The judge’s findings about his conduct made it clear he fell far short of that.
01/28/2014
Advisers to pay out £31m in Arch cru redress
The vast majority of firms have co-operated with us, helping ensure that this compensation scheme has progressed as smoothly as possible
01/28/2014
Baker & McKenzie Advises Vneshprombank on USD225 Million Eurobond Offerings
The book was subscribed by investors from Europe, Asia, and Russia following a roadshow in Moscow, Zurich, Geneva, Frankfurt, and London.
01/28/2014
Baker & McKenzie Expands Finance Team in Barcelona
He is a professor at the International and EU Law Master’s degree programme coordinated by the Barcelona Bar Association and collaborates with ESADE and UIC on a regular basis.
01/27/2014
Carney switches Bank of England focus to conduct risks
Mark Carney, the Governor of the Bank of England, has warned senior bankers that conduct costs related to past misbehaviour have become the most pressing issue for the industry
01/25/2014
Dutch Lawyer to Ask Court to Order Rabobank Libor Prosecution
The lawyer, based in Amsterdam, said he’s acting on behalf of a foundation representing several investors in Rabobank debt securities and “others who feel victimized by the bank and have suffered damages.”
01/24/2014
Platforms force price change at investment houses
The FCA has stipulated that it would not expect a conversion to take place unless the cost was either the same or less
01/24/2014
Report into SNS nationalisation slams central bank, finance ministry
There is no doubt that the purchase of Property Finance and Zwitserleven was a poisonous cocktail which ultimately led to the bank's downfall
01/24/2014
Leading law firm launches new Operational Intelligence Group
Operational Intelligence Group set up in anticipation of more global risk and regulatory changes
01/24/2014
Germany, France attack EU plan to curb bank trading: document
The paper does not bear an author’s name but five financial industry and government sources told NEWS.GNOM.ES that Germany and France, together with Italy, were behind it.