Clifford Chance 317

Clifford Chance builds up private equity team as associates leave

21-Aug-2014 | By Kate Beioley

Clifford Chance is understood to be losing four private equity associates to join partners at firms including Latham & Watkins and Simpson Thacher & Bartlett, underlining the vulnerability of magic circle firms to headhunters acting for US firms in London.

lloyds bank

Lloyds panel review enters final stage with one week until deadline

21-Aug-2014 | By Kate Beioley

Firms vying for spots on Lloyds’ own-account panel have been given a week to file tender submissions to the bank in preparation for an October panel unveiling. 

Indonesia

Ashurst raids O’Melveny & Myers and White & Case to bolster Asia practice

19-Aug-2014 | By Natalie Stanton

Ashurst has taken a trio of partners from O’Melveny & Myers and one from White & Case in a bid to boost its restructuring offering in Asia.

Royal Bank of Scotland RBS

Quinn Emanuel, Stewarts and Bird & Bird gear up for RBS rights battle

18-Aug-2014 | By Kate Beioley

Quinn Emanuel Urquhart & Sullivan and litigation boutique Leon Kaye have formally joined the £4bn shareholder battle brought against the Royal Bank of Scotland (RBS) over its 2008 rights issue.

Barclays

Barclays turns to Sullivan & Cromwell as litigation bill set to rise by £1.2bn

14-Aug-2014 | By Kate Beioley

Barclays has turned to Sullivan & Cromwell to defend it against fraud allegations in the US, as analysts predict the bank could face a £1.2bn bill for a raft of litigation.

innovate finance

Withers advises on launch of new tech industry body Innovate Finance

12-Aug-2014 | By Natalie Stanton

Withers has advised on the establishment of new industry body Innovate Finance, which supports the growth of cutting-edge technologies in the UK’s financial sector.

New York

JP Morgan Chase retail GC exits bank

12-Aug-2014 | By Kate Beioley

JPMorgan Chase & Co’s retail-banking general counsel Matthew Biben has left the bank three years after joining.

lisbon portugal

A&O, Linklaters and VdA help secure rescue of Portugal's Banco Espirito Santo

8-Aug-2014 | By Joanne Harris

Allen & Overy (A&O), Linklaters and Portuguese firm Vieira de Almeida (VdA) have been instructed on the restructuring and rescue of Portuguese Banco Espírito Santo (BES).

lloyds bank

HSF steps up for second bailed-out bank as Lloyds sued by shareholders

7-Aug-2014 | By Kate Beioley

Herbert Smith Freehills (HSF) is stepping up to defend the second major bailed-out bank facing a shareholder dispute over losses during the recession. 

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Banking and Finance Briefings

Lenders beware: the dangers of being a ‘shadow director’ download subscription

Gateley 20-Aug-2014

A shadow director may be someone who is openly involved in managing a company or someone who lurks ‘in the shadows’ behind the scenes. 

Calculations on ISDA close-out: Lehman Brothers Finance SA (in liquidation) v Sal Oppenheim jr & cie KGAA download subscription

Dentons 20-Aug-2014

This case provides further guidance in relation to how payment on early termination of a 1992 ISDA Master Agreement should be calculated where automatic early termination applies.

Russia loosens rules on permitted income sources for residents’ foreign bank accounts download subscription

Dentons 20-Aug-2014

Last month, Russian legislators adopted major changes to RF Law No. 173-FZ, ‘On currency regulations and currency control’.

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Banking and Finance Analysis

money

The Lawyer Awards 2014 Shortlist: Finance Team of the Year

9-Jun-2014 | By Natalie Stanton

A flair for innovation sets apart the banking and finance teams on this year’s shortlist for top honours at The Lawyer Awards 

Switz

Switzerland: You can dodge, but you can’t hide

21-Apr-2014 | By Jonathan Ames

As Swiss banks wait for the US authorities’ tax evasion spotlight to fall on them, law firms are drafting in extra staff to cope

Money

Leveraged finance: where did it all go wrong for UK firms?

18-Mar-2014 | By Natalie Stanton

Imagine you’re the general counsel of London-based private equity investor BC Partners. You’re sipping on your coffee, hashing out the details of your imminent £382m investment into UK-based business publishing company Mergermarket. 

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Banking and Finance Opinion

Cat Griffiths index

Losing the magic touch in finance

17-Mar-2014 | By Catrin Griffiths

Have the magic circle firms squandered their lead in acquisition finance?

Cat Griffiths index

A farewell to UK finance work

20-Jan-2014 | By Catrin Griffiths

For some reason the politics of King & Wood Mallesons SJ Berwin’s corporate department attracts extraordinary attention online from our readers.

White

If we value bravery we must pay

4-Nov-2013

Financial incentives should be introduced for whistleblowers if we really want to encourage them 

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