Banking & finance litigation update — January 2013
The Banking & Finance Litigation Update is published monthly and covers current developments affecting the Group’s area of practice and its clients during the preceding month.
Mark Carney, the governor of the Bank of Canada, will become the highest earning banker in the world when he becomes the Governor of the Bank of England (“BofE”).His total package will be worth £874,000, more than double the salary of his nearest rival, Mario Draghi, the Governor of the European Central Bank.
Martin Weale of the BofE Monetary Policy Committee has warned that further quantitative easing by the Bank would result in increased inflation and have no beneficial effect on growth…
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Briefings from DLA Piper
Don’t forget the 23 September 2014 deadline to ensure your business associate agreements comply with the Omnibus Final Rule
Covered entities with business associate agreements that were entered on or before 25 January 2013 must revise their BAAs by 23 September 2014.
The new amendments to the Russian Civil Code will only apply to legal relationships that emerge after 1 July 2014.
Analysis from The Lawyer
Shearman & Sterling is making its presence felt in the City, squaring up to magic circle firms and looking to muscle in on key relationships. Private equity house Bridgepoint is one outfit that has had its head turned by the US firm.
A new breed of lawyer is smoothing the path for companies entering emerging or unstable jurisdictions