06/07/2012
Reykjavik Court Rejects Credit Suisse Kaupthing Priority Claim
Kaupthing failed with the rest of Iceland’s largest lenders in October 2008 after it was unable to secure short-term financing.
Legal, Regulation & Compliance
06/07/2012
High Court quashes £100k FSA fine against ex-banker
The claimant, who has been granted anonymity, brought the judicial review proceedings to challenge a decision made by the Regulatory Decisions Committee to issue a decision notice against him in October 2010.
06/07/2012
Freshfields competition veteran heads to Milbank's London arm
Spearing, who joined Freshfields in 1978 and made partner in 1984, has already joined Milbank, where according to the firm's website he is the first UK competition partner in the London office.
06/07/2012
International law firm adds seven-strong team in Paris
As the office recently celebrated its first anniversary, the new arrivals strengthen the Firm’s capabilities in the areas of corporate, tax and dispute resolution law.
06/07/2012
Tax Evasion Eating Into Italian GDP
More than a quarter of the Italian economy eludes taxation, due to underground and criminal economic activities that push up borrowing costs and discourage investment in the country's most vulnerable regions, a senior Bank of Italy official said Wedn
06/07/2012
Madoff trustee files many new lawsuits
Irving Picard, the trustee, filed complaints seeking a respective $354.9 million and $179.4 million from Swiss private banks EFG Bank SA and Lombard Odier Darier Hentsch & Cie
06/06/2012
Barclays staff and top Italian banker on trial over 'tax fraud
He staged a comeback in banking earlier this year as chairman of Banca Monti dei Paschi di Siena.
06/06/2012
Rogue trader blames SocGen for €4.9bn loss
Kerviel, 35, who did not profit personally from the trades, has consistently argued that his superiors knew what he was doing and turned a blind eye as long as he was making them a profit.
06/06/2012
FSA relaxes scrutiny of some City roles
The industry has noticed a sharp drop-off in the number of candidates for board posts at financial groups that have been called for interview by the Financial Services Authority.
06/06/2012
City lawyer 'lost her £200,000 job after exposing corruption'
A lawyer was sacked from her £200,000 a year job with a City law firm after she blew the whistle on corruption in the firm’s African section, a tribunal heard.
06/06/2012
Barclays entitled to $1.8bn related to Lehman bankruptcy, US judge rules
Barclays is entitled to recover roughly $1.8bn of disputed assets and interest related to Lehman Brothers' bankruptcy, a US federal judge said, reversing a decision by a federal bankruptcy judge.
06/05/2012
Banks Must Embrace G30 Call to Action on Bank Governance - Ernst & Young
The report provides the first post-crisis, detailed governance action plan to come from the private sector and outlines how all stakeholders must reassess their approach to corporate governance and take meaningful steps to make it stronger.
06/04/2012
Osborne sues EU over plan to ban short-selling
British finance minister George Osborne is suing the European Union over plans to ban the short-selling of financial products, arguing it would be overreaching its powers, the Financial Times newspaper reported on Thursday.
06/04/2012
FSA to spot-check City firms
The UK financial watchdog is to carry out spot checks on City firms’ reporting of suspicious trades, as part of its broader crackdown on market abuse, the Financial Times has learnt.
06/01/2012
Hogan Lovells recruits Linklaters corporate partner duo in Milan
The partner duo, both of who focus on M&A and joint ventures, are joining Hogan Lovells' Milan base alongside of counsel Luca Magrini.
06/01/2012
FSA to consult on delaying platform reporting rules
The FSA will consult on delaying the implementation of new client reporting rules for platforms. The FSA will consult on delaying the implementation of new client reporting rules for platforms.
05/31/2012
Winston & Strawn strengthens London office
He joins Winston & Strawn from Milbank LLP, has a strong track record of advising on complex and high-value disputes on behalf of blue chip companies and financial institutions.
05/31/2012
Spain court drops tax probe of Santander chairman
The court said the probe showed the Botin family had normalized its tax situation before the investigation was opened last year.
05/31/2012
Solicitor wins libel action against millionaire who accused him of charging thousands in fees while playing golf by posting offensive notes on his Range Rover
A solicitor wrongly accused by a millionaire client of charging him £300 an hour for legal work whilst playing golf has won an apology and substantial damages after succeeding in his libel action.
05/31/2012
Commerzbank appeal on bonus case refused
The High Court judge ruled earlier this month ruled in favour of the of the 104 former Dresdner Kleinwort bankers who sought a legal battle with Commerzbank over unpaid guaranteed bonuses that had been promised to them shortly before the investment bank w