09/12/2012
RPC and Freshfields advising on latest Barclays litigation
Freshfields is advising Barclays with a team headed up by London disputes partner Simon Orton, alongside Ewan McQuater QC, David Quest and Sandy Phipps from 3 Verulam Buildings.
Legal, Regulation & Compliance
09/12/2012
FSA hands out life ban to HBOS director
Former HBOS executive Peter Cummings is to be hit with both a £500,000 fine and a lifetime ban from the industry.
09/12/2012
FSA proposes tough new rules for non-UK banks
Regulator says costs to implement measures to protect UK savers could costs US banks alone more than £1.1bn.
09/12/2012
RBS, others sue Dubai Group over $10 billion debt
Royal Bank of Scotland and two other banks have begun legal proceedings against an investment vehicle owned by Dubai's ruler, seeking immediate repayment after abandoning talks to restructure $10 billion in debts.
09/11/2012
Feuding Dutch Politicians Agree on Toughening Bank Rules
“We would hand the bill to the banks, who caused this crisis”
09/11/2012
Fund managers hit out at regulation in IMA survey
Survey raises fears of protectionism and complexity for providers and investors.
09/11/2012
UK banks could be shut down or forced into bail-outs by Brussels
The moves stem from proposals for a eurozone "banking union".
09/11/2012
Insurers face 'fallout' from banking scandals, says Lloyd's of London chief Richard Ward
'The 2008 financial crisis was not an insurance crisis, it was a banking crisis'
09/11/2012
Special tax unit takes extra £500m from UK's richest people
The taxman has extracted an extra £500m from Britain’s richest people thanks to a special unit set up three years ago to target “high net worth” individuals.
09/11/2012
Vatican hires Liechtenstein's former top anti-money laundering expert
For eight years he was the director of Liechtenstein's Financial Intelligence Unit, the department which gathers and analyses information used by police to combat money laundering, organized crime and the financing of terrorism.
09/10/2012
Firms face six-month wait for FSA approval
Financial services start-ups waited nearly six months for FSA approval in the first quarter of 2012, data obtained by Reynolds Porter Chamberlain has revealed.
09/10/2012
Freshfields and Simmons raid Weil Gotshal and Linklaters for Paris partners
Freshfields Bruckhaus Deringer and Simmons & Simmons have both raided rival Anglo-Saxon firms for partners in Paris.
09/10/2012
Linklaters pips Freshfields in China Gold pitch amid African Barrick talks
China Gold is a new client for Linklaters, which has made a successful push to win outbound work originating in the country.
09/10/2012
Liechtenstein Eyes Tax Data Exchange With Germany
Liechtenstein is currently considering the idea of concluding a withholding tax agreement with Germany, providing for an automatic exchange of tax information.
09/10/2012
Don't ditch Libor, IMA urges
The Investment Management Association (IMA) has called for the inter-bank borrowing rate Libor to be reformed and kept, rather than replaced with a new benchmark.
09/10/2012
BlackRock fined £9.5m by FSA
“This is not the first time we have seen the impact on client money overlooked as part of a re-organisation. The fine imposed today should remind all firms of the critical importance we place on ensuring proper protection of client money at all time
09/10/2012
Cadwalader Adds Veteran Restructuring Attorney to London Office
He began his tenure at Linklaters as a trainee solicitor in 1999 before being promoted to associate solicitor in 2001.
09/09/2012
UBS readies itself for Adoboli trial
A trader accused of a $2.3 billion fraud at Swiss bank UBS was due to go on trial Monday in London in a case expected to once again put the supervision of bankers under the spotlight.
09/09/2012
Billionaires' Legal Battle Gold-Laden For London Law Firms
The London-based legal battle between Russian oligarchs Roman Abramovich and Boris Berezovsky are highly attractive to London law firms who are expecting to pocket around £100 million in legal fees from the Russians and their thirst for British just
09/09/2012
Barclays calls for body to regulate – and ban – rogue bankers
Top bankers can currently be fined or banned by the Financial Services Authority (FSA), but the proposals would extend to a much wider proportion of the industry.