The Serious Fraud Office (SFO) has dropped its investigation into allegations of rigging in the foreign exchange (forex) market after it found insufficient evidence to prosecute.
Allen & Overy and Wachtell take leads on Deutsche Börse spin-off
Magic Circle firm Allen & Overy (A&O) has taken a lead role acting for Deutsche Börse as it spins off its US options exchange operator International Securities Exchange, in a move which looks to aid the German stock exchange operator’s proposed merger with the London Stock Exchange (LSE).
Continue reading “Allen & Overy and Wachtell take leads on Deutsche Börse spin-off”
Golden goodbyes – changing faces and fortunes at the City’s top banking teams
As the golden generation of banking rainmakers retire, Legal Business takes a look at the core teams of the City elite and assesses the talent in the Square Mile’s top finance practices.
‘The days of lawyers being experts only in the investment grade market are a thing of the past,’ reflects Clifford Chance (CC)’s Michael Bates, and, if anyone should know, the Magic Circle firm’s veteran head of finance should. ‘Corporate treasurers are diversifying funding sources, so while you have to be steeped in investment grade knowledge you also need to have a good level of understanding in areas such as the US private placement market, European private placement and institutional lending markets, the investment grade bond world and M&A/stock market-related requirements to ensure different strands of the capital structure work in harmony.’
Continue reading “Golden goodbyes – changing faces and fortunes at the City’s top banking teams”
Latham’s global march slowed as capital markets slump hits US elite
After setting the pace during last year’s global reporting season, raising revenue by 14% to $2.61bn to become the largest law firm in the world by turnover, growth at Latham & Watkins slowed in 2015 as the collapse in capital markets activity hits elite US firms.
Continue reading “Latham’s global march slowed as capital markets slump hits US elite”
KPMG defeats judicial review challenge in Barclays swap case
Accountancy giant KPMG has triumphed at London’s High Court today (24 February) after an unprecedented judicial review taken by Holmcroft Properties was dismissed.
Continue reading “KPMG defeats judicial review challenge in Barclays swap case”
City showdown: US firms take roles as Russia and Ukraine’s $3bn debt dispute heads to London court
City lawyers at US firms Cleary Gottlieb Steen & Hamilton and Quinn Emanuel Urquhart & Sullivan are to face off after Russia filed a claim against Ukraine at London’s newly created financial court over its default of $3bn in bonds.
Linklaters incoming global banking chief reshuffles deck in shadow finance push
Just weeks into his new role as Linklaters global head of banking, Tony Bugg told the firm’s 200 banking lawyers in London that a reorganisation will take place, with four group leaders introduced with greater power to set individual and group targets.
Continue reading “Linklaters incoming global banking chief reshuffles deck in shadow finance push”
Linklaters’ new global banking chief reshuffles deck in shadow finance push
Bugg targets renewed growth for Linklaters’ finance team in shake-up at Silk Street
Just weeks into his new role as Linklaters global head of banking, Tony Bugg told the firm’s 200 banking lawyers in London that a reorganisation will take place with four group leaders introduced with greater power to set individual and group targets.
Continue reading “Linklaters’ new global banking chief reshuffles deck in shadow finance push”
The finance view: Bumpy markets, rising debt funds – direct lending to flourish in 2016 but it won’t be year of the junk bond
Victoria Young canvasses veteran lawyers on the outlook for bespoke financing in 2016.
It’s been flavour of the month for a lot of months now, but among leveraged finance advisers the conviction remains that 2016 will be another breakthrough year for alternative credit funds. Partners speaking to Legal Business say market conditions are ripe for such lenders, even as turbulence affects some larger sources of capital.
‘This is not ad hoc’: WFW leadership duo aims to drive City specialist ahead of the pack
Victoria Young talks to Chris Lowe and Lothar Wegener about their ambitions for the firm
‘It’s not about: “Here’s an opportunistic piece – let’s grab that.” It’s about a continuous cycle of investment, not something which just happens.’
Chris Lowe, Watson Farley & Williams