Prosecutors at the SFO have made another request for cash, seeking an additional £21.1m for ‘blockbuster’ cases, after making a £10m request in June last year. The SFO’s core funding budget for 2015-16 is £33.8m.
Continue reading “‘Not unexpected’: SFO asks for extra funds for fourth time in as many years”
A host of figures within the legal profession including former Allen & Overy (A&O) senior partner Guy Beringer QC (pictured) have been recognised in 2016’s New Year honours.
Unless you have been too busy reconciling your cheque book stubs against your monthly paper bank statements, you may have heard that the financial technology (fintech) sector is white hot right now.
Nick Grandage and Daniel Franks of Norton Rose Fulbright discuss major developments over the last year in finance law.
Simmons & Simmons’ Angus McLean argues the profession is missing a unique opportunity in the City’s fintech revolution
Unless you have been too busy reconciling your cheque book stubs against your monthly paper bank statements, you may have heard that the financial technology (fintech) sector is white hot right now.
Continue reading “UK’s fintech boom is set to dazzle but advisers are still struggling to respond”
Linklaters, Slaughter and May, Allen & Overy (A&O) and Hogan Lovells landed major roles in November advising on the government’s record-breaking £13bn sale of former Northern Rock mortgages, acquired during the financial crisis.
In what was the largest-ever financial asset sale by a government in Europe, the mortgages originally owned by Northern Rock were sold by the Treasury-owned UK Asset Resolution (UKAR) – set up to look after the mortgages nationalised when Northern Rock and Bradford & Bingley ran into difficulty in 2008 – to Cerberus Capital Management.
Continue reading “City firms line up on £13bn sale of Northern Rock mortgages”
The Magic Circle has so far been able to hold off the advance of US firms in project finance, but how are teams faring in a market hit by European austerity and falling commodities prices?
‘Do not go where the path may lead, go instead where there is no path and leave a trail.’
Ralph Waldo Emerson
Continue reading “Price of debt – austerity and the plight of a project finance partner”
Legal Business teamed up with Simmons & Simmons to discover how financial institutions are coping with the twin threats of regulation and litigation, and assess whether the end is in sight.
If there was ever any doubt about what might be in store for the Volkswagen Group following its recent emissions scandal, a glance at the banking industry over the last five years offers a sobering clue.
3 Verulam Buildings’ Gregory Mitchell QC and Alexia Knight on what lies ahead for banks
Banks have had a bruising few years. After litigation over bank charges and the payment protection insurance (PPI) scandal, very serious allegations surfaced, regarding the alleged mis-selling of interest rate hedging products (IRHPs) and, more recently, regulatory investigations on LIBOR and forex manipulation. This article considers some of the legal challenges for banks as the Financial Conduct Authority (FCA) review closes.
Berwin Leighton Paisner‘s (BLP) head of structured debt and capital markets, Paul Severs, is leaving the firm to join Paul Hastings as part of the US firm’s latest City push.
Continue reading “Structured finance heavyweight Severs departs BLP for Paul Hastings”
