Banking and Finance News
The Royal Bank of Scotland (RBS) and Herbert Smith Freehills (HSF) have been criticised in the High Court for their “unfocused”, “unsettling” and “less than compelling” approach to disclosure in the bank’s £4bn battle with shareholders.
Cross-border teams from Freshfields Bruckhaus Deringer and Sullivan & Cromwell are advising on the €1.7bn (£1.2bn) tie-up between banking technology companies Wincor Nixdorf and Diebold in Germany and the US.
Dechert has announced the hire of former Weil Gotshal & Manges corporate finance heavyweight Laurent Faugérolas as a partner, almost three years after he quit law to set up a corporate advisory boutique.
Former HBOS executives represented by Ashurst have defended their actions after the conclusion of a report into the failure of the bank by the Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA).
Paul Hastings has hired Linklaters finance veteran David Ereira as part of plans to boost its London finance practice.
Mishcon de Reya has taken a further claimant from Signature Litigation in the mammoth £4bn shareholder battle against the Royal Bank of Scotland (RBS), The Lawyer can reveal.
Lloyds Bank has abandoned plans to appeal a decision handed down in July that said advice given to it by Linklaters on its acquisition of Halifax Bank of Scotland (HBoS) is not subject to privilege, The Lawyer can reveal.
Berwin Leighton Paisner’s (BLP) head of structured debt and capital markets Paul Severs is leaving the firm for Paul Hastings’ London office.
Allen & Overy (A&O), Hogan Lovells, Linklaters and Slaughter and May have won top roles on the record-breaking £13bn asset portfolio sale by the UK Government to Cerberus Capital Management.
Banking and Finance Briefings
Austria: bail-in protection for repos and securities lending deals download subscription
Confirmation at last.
Receivables finance and ban on assignment – the new legislation download subscription
Ambiguities in SME law must be eliminated
Bonus cap update on role-based allowances download subscription
The EBA recently published an update on the use and classification of role-based allowances.
Banking and Finance Analysis
Portugal’s lawyers have been busy this year on a number of big deals, but not all have succeeded. Why?
Swiss firms have bagged major business from global brands such as GSK, Novartis and Crédit Suisse this year, while their Asia ventures have come good.
Banking and Finance Opinion
While the chances of Greece leaving the eurozone have diminished a Grexit still remains possible.
Which firms will have the balls to walk away from the RBS review?