05/05/2013
Two arrested in FCA insider dealing investigation
The arrests are not linked to any other ongoing insider dealing investigation.
Legal, Regulation & Compliance
05/05/2013
Luxembourg banks pin hope on emerging East
Amid growing pressure from neighboring European partners and the United States, Luxembourg as a financial center aims to cash in on growing trade relations between the Gulf Arab region and the Far East, Luxembourg’s Minister of Finance Luc Frieden t
05/02/2013
Barclays back in the spotlight over £30m payout in 2008 rescue deal
The latest revelations were provided by Euromoney, which reported this week on leaked correspondence from the Abu Dhabi end of the rescue deal.
05/02/2013
Commerzbank concedes defeat in €52m bonus case
Germany’s second-largest bank said it would not be taking the case to the Supreme Court
05/01/2013
Ashurst Germany corporate chief to join Gibson Dunn in Munich
He is an experienced M&A attorney with an exceptional reputation in the Munich and German corporate market,
04/30/2013
German, UK banks slam U.S. plans to toughen capital rules
“The proposals may lead to the further fragmentation of banking supervision.”
04/30/2013
OECD’s Global Forum on Transfer Pricing releases a Draft Handbook on Transfer Pricing Risk Assessment
The objective of this project was to produce a practical handbook that provides clear and detailed steps countries can take to assess the transfer pricing risk presented by an individual taxpayer’s operations.
04/30/2013
The sinister HMRC investigation of the Goldman Sachs whistleblower
HMRC used Ripa powers when Osita Mba exposed a 'sweetheart' tax deal. We should all worry about the ethics of this
04/29/2013
Lawrence Graham promotes trio to partner
A restructuring and insolvency associate who joined the firm
04/29/2013
Barclays wins Libor appeal in £70m mis-selling case
The trial is seen as a test case for small British firms who believe they were mis-sold such swaps
04/29/2013
Ernst and Young sued over alleged negligence
ACCOUNTANCY firm is being sued by a market trading company
04/28/2013
German bank directors not linked to rate rigging-WSJ
German financial markets watchdog Bafin has not turned up any evidence that German bank directors were involved in manipulating benchmark interest rates, a top Bafin official has told the Wall Street Journal Deutschland.
04/28/2013
Hogan Lovells partners comment on the Enterprise and Regulatory Reform Bill
‘Many of the changes introduced by the bill are designed to redress that perceived imbalance and to ensure a more level playing field when considering what is fair to both employees and employers.’
04/28/2013
UK companies accused of money laundering in Magnitsky probe
Evidence that the UK system has been abused prompted one MP to demand the Government
04/27/2013
Reckless bankers will be jailed
The government’s banking commission is considering legislation which would see reckless bankers jailed
04/26/2013
CoA throws out Linklaters client Commerzbank's bonus appeal
The claim was launched in September 2009 after Dresdner Kleinwort reneged on promises to hand over bonuses it had promised to mitigate the risk of significant staff defections.
04/26/2013
Taylor Wessing favours global network in 16-strong promos round
Across the network, four new partners are in corporate, the practice receiving the most partner additions.
04/25/2013
FCA warns managers on cashing in on clean fee shares
The FCA has told fund managers to expect a further clampdown on charges
04/25/2013
FCA sets out new rules for the platforms industry
The Financial Conduct Authority has published rules to make the way that investors pay for platforms more transparent.
04/24/2013
Bank of Ireland loses court battle with HMRC over subsidiary's £30m tax bill.
The case centred on the bank's transfer of a swap contract to another subsidiary