06/12/2013
UK's FCA Gathering Information on Alleged FX Rate-Rigging
The FCA is aware of these allegations and has been speaking to the relevant parties,
Legal, Regulation & Compliance
06/12/2013
An oil tycoon’s ex-wife won a Supreme Court battle for her £17.5million share of his fortune
The decision is a blow against cheating spouses who seek to evade their responsibilities using company structures.
06/11/2013
Bernard Madoff recovery trail leads to London
The High Court battle over the assets of fraudster Bernard Madoff is moving into the end game as the liquidators of Madoff's UK company open their fight to recover at least $80m they allege was unlawfully paid to his family and company directors.
06/11/2013
UK challenges 'illegal' EU power to ban short-selling
The Government has challenged new European Union powers to regulate financial markets as "unlawful" and an "institutional revolution" by the back door, during a legal challenge in Europe's Luxembourg court.
06/11/2013
Dechert Expands Corporate Practice in Paris
We are also very excited about the cross-selling opportunities offered by Dechert’s leading fund formation practice which is known to many of our clients,” said Grollemund.
06/10/2013
AIFMD – Guidelines on AIFMD Reporting Obligations - Withers
The European Securities and Markets Authority has published a consultation paper on guidelines relating to reporting obligations under the Alternative Investment Fund Managers Directive.
06/10/2013
Former A&O associate rejoins as banking partner after stint at Goldman Sachs
Denise Gibson is to rejoin the firm as a banking partner following a stint at Goldman Sachs.
06/10/2013
FCA fines investment firm £121k over client money failures
The firm received a 20% discount on its fine for agreeing to settle at Stage 2 of the FCA’s executive settlement procedure; otherwise Xcap would have been fined £151,136.
06/09/2013
Former England cricketer sues Sigma Wealth adviser
He said he had instructed the firm to invest his money for retirement, not gamble it on racy unregulated ventures.
06/09/2013
Chadbourne Announces New Leadership Appointments in EMEA Region
The newly-created role of EMEA Liaison Partner is designed to promote greater communication and foster improved coordination among the firm's international offices outside of the Americas and to accommodate the growing needs of the firm's client
06/09/2013
Chadbourne names new London head following shake up of management roles
Chadbourne & Parke has overhauled a number of key leadership positions in the EMEA region, naming insurance partner Adrian Mecz as the US firm’s new London managing partner.
06/09/2013
UK regulatory consultancy firm appoints Kleinwort Benson exec
She began her career as a forensic accountant and fraud investigator with the Department of Trade and Industry, and has over 20 years experience working in risk management and compliance.
06/07/2013
Monte Paschi Prosecutors Said to Seek Meeting With Botin
Prosecutors probing Banca Monte dei Paschi di Siena SpA’s purchase of Banca Antonveneta SpA have asked Spain for permission to question Banco Santander SA (SAN) Chairman Emilio Botin as a witness, four officials with knowledge of the matter said.
06/06/2013
FFW bulks up London corporate with Eversheds ECM head
Matthews is expected to join FFW in August as a partner in the City’s firm’s London corporate practice and is currently on gardening leave
06/06/2013
Raiffeisen reviews compliance after Stepic affair
Raiffeisen Bank International will tighten up its compliance rules
06/06/2013
SJ Berwin partners gather in Marbella for crunch meeting on KWM merger
SJ Berwin is set to put its potential merger with Asia-Pacific firm King & Wood Mallesons to partners this weekend (8-9 June) for the first partnership-wide discussion on the deal since tie-up talks began.
06/05/2013
Clifford Chance Joins Linklaters in Raising London Lawyers’ Pay
Three of the U.K.’s highest-grossing law firms raised salaries for London lawyers, who can earn as much as 65,000 pounds ($99,000) in their first year after qualifying to practice.
06/05/2013
London threatened by plans to move Libor regulation to Paris
Brussels has drawn up proposals to formalise regulation of a range of pricing structures, from the Libor inter-bank lending rate to benchmarks for oil and gold. Under the plan, Libor would come under the supervision of the European Securities and Markets
06/05/2013
Watchdog fines Sesame £6m for advice failings
THE Financial Conduct Authority (FCA) has fined investment firm Sesame £6m for selling life insurance settlement products known as death bonds to customers without spelling out the risks.
06/04/2013
Barclays executive accused of lying in £140m case
CF alleges Barclays “misused” confidential information the trading house had provided “to their own unfair advantage”, while also breaching “obligations of confidence”.