08/28/2015
Ex-Currency Trader Sues HSBC as Unfair Dismissal Suits Grow
Sarramegna declined to comment on the suit when contacted by phone.
Legal, Regulation & Compliance
08/28/2015
Family Office: a brief guide to employing staff
This guide highlights the main points that you need to take into account. It is not, however, intended to be comprehensive and, in particular, there may be international issues to consider.
08/27/2015
UK Financial Conduct Authority Bears its Teeth by Robert Bell, Bryan Cave
The UK Financial Conduct Authority (“FCA”) was given powers to enforce competition law in the financial sector in April this year.
08/27/2015
Uncertainty for offshore financial centres?
One looming uncertainty is the European Union’s Alternative Investment Fund Managers Directive passport.
08/27/2015
FCA told to look at complaints procedures
The FCA did not investigate, which initiated a complaint against the FCA.
08/26/2015
MPs to probe FCA and Treasury over pension freedoms advice
The oral evidence session will be part of an inquiry into pension freedoms advice and guidance launched by the Work and Pensions committee in July.
08/26/2015
International law firm expands Its Payments Practice in Europe
Currently has a global payments law infrastructure that spans several countries.
08/26/2015
Precious-Metals Trading Is Probed by EU After U.S. Inquiry
This is just another potential scandal where fines will suppress banks’ earnings, and rightly so
08/26/2015
Kreston Reeves adds to private client tax team
He has joined to help drive forward our award winning Private Client Tax service offering, with effect from 3 August 2015.
08/26/2015
Ashurst advises UniCredit Bank on granting of corporate loan to Heinz-Glas Group
The medium-term credit facilities serve to refinance existing liabilities and to finance working capital needs.
08/26/2015
Barclays 'dark pool' lawsuit thrown out by judge
Bank wins major legal victory but still faces similar claims from New York Attorney General
08/25/2015
Intermediaries reveal ‘porting’ difficulties
The MMR means lenders must treat every mortgage sale as advised and are tasked with conducting more thorough affordability assessments, including where existing borrowers move to new terms.
08/25/2015
Italy adds to patchwork approach on senior debt
The Italian approach … elevates the ranking of large corporate customer deposits above the other senior claims
08/25/2015
Ogier leads the way on CISE listings
The firm is the leading sponsor for SPVs, having listed 69 (as of 31 July 2015), the largest share of any Channel Island law firm.
08/24/2015
Jersey signs Memorandum of Understanding with Denmark
The MoU provides a framework for the JFSC and Finanstilsynet to exchange confidential regulatory information and co-operate with each other regarding the supervision and regulation of firms under their respective authority.
08/24/2015
Yorkshire Legal Merger creates 200-strong firm
A Leeds law firm has merged with a Yorkshire counterpart to create an enlarged business with ten offices and almost 200 staff.
08/23/2015
UK banks face £5bn lawsuit over forex claims
Firms from pension funds to international manufacturers are investigating the possibility of making claims for damages, accusing banks of manipulating exchange rates to rip them off
08/23/2015
EU warned not to let capital markets union hurt role of banks
The new president of the European Commission, Jean-Claude Juncker, has made a capital markets union one of his priorities, in an effort to inject new life into the region’s sluggish economy.
08/21/2015
EU hypocrites!
The naming and shaming of tax havens is fraught with folly
08/21/2015
Barclays must face U.S. class action over Libor
Class actions make it easier for plaintiffs to recover larger sums at lower costs than if they sue individually.