Banking and Finance News
Cypriot firm Dr K Chrysotomides & Co has filed a lawsuit against the EU on behalf of 51 claimants seeking compensation for losses suffered when Cyprus agreed to a ‘bail-in’ on two Cypriot banks.
Simpson Thacher & Bartlett finance partner Sinead O’Shea is relocating from Hong Kong to London, where she will become the elite US firm’s first female partner based in the City.
Clifford Chance Bucharest partner Perry Zizzi has rejoined Dentons, almost seven years after quitting legacy Salans for the magic circle firm.
Barclays has chopped its global panel by 30 per cent after unveiling a new-look structure made up of general and preferred advisers.
Revenue soared to its highest-ever level at Clifford Chance in the 2013/14 financial year to reach £1.359bn, 7 per cent boost on the £1.271bn turnover posted at the end of the previous financial year.
Orrick’s London office has announced its second major partner hire in the space of a week, with confirmation that the former head of Proskauer’s English law finance practice Michael Crosby is joining the firm.
Banks get serious about collaboration among panel law firms
Arnold & Porter, Linklaters and Kenyan firms Anjarwalla & Khanna and Kaplan & Stratton have taken the lead roles on Kenya’s $2bn (£1.2bn) Eurobond, the largest debut sovereign bond issuance from Africa.
The UK’s biggest payday loans company, Wonga, is set to pay £2.6m compensation to about 45,000 customers after sending letters threatening legal action from non-existent law firms.
Banking and Finance Briefings
New York’s proposed ‘BitLicense’ regulations mark new territory for virtual currencies download subscription
In a move widely seen as inevitable, the NYDFS has released draft regulations for the establishment of a ‘BitLicense’ to govern virtual currency financial services.
Swallowfalls v Monaco Yachting provides further support for the construction of contracts in the manner most consistent with ‘commercial common sense’.
The Shipping E-Brief is a quarterly publication providing information on key legal decisions and developments in shipping and related business areas.
Banking and Finance Analysis
A flair for innovation sets apart the banking and finance teams on this year’s shortlist for top honours at The Lawyer Awards
As Swiss banks wait for the US authorities’ tax evasion spotlight to fall on them, law firms are drafting in extra staff to cope
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.
Banking and Finance Opinion
Have the magic circle firms squandered their lead in acquisition finance?
For some reason the politics of King & Wood Mallesons SJ Berwin’s corporate department attracts extraordinary attention online from our readers.
Financial incentives should be introduced for whistleblowers if we really want to encourage them