Financial Services News
Indian property company Unitech has triumphed again against Deutsche Bank in the latest stage of the long-running $177m (£110m) Libor battle over allegedly missold loans and swaps.
Slaughter and May has advised Wonga on the agreement with the Financial Conduct Authority (FCA) that wrote off £220m of debt from approximately 330,000 customers this week.
DLA Piper has fought off a derivatives mis-selling case for Natwest and the Royal Bank of Scotland (RBS) which were found to have given “negligent but not actionable” advice to family property company Crestsign.
Skadden Arps Slate Meagher & Flom has brokered a record-breaking $16.6bn (£10bn) settlement with the US Department of Justice (DoJ) for client Bank of America to resolve allegations of fraudulent mortgage handling.
Dentons, Linklaters, Travers Smith and Weil Gotshal & Manges have settled a £184m battle between the Pensions Regulator and Lehman Brothers administrators PricewaterhouseCoopers (PwC).
Ethical investor Sustainable Development Capital LLP (SDCL) has appointed six firms to its inaugural legal panel, with Muckle and Walker Morris among those winning a spot.
Financial Servicies Briefings
When a court assesses the amount of costs payable by one party in litigation proceedings to another, the costs may be assessed on either a standard basis or an indemnity basis.
Rights of a subrogated creditor subscription
Subrogation is a remedy allowing a party to step into the shoes of another party assuming the benefit of any rights that second party may have in relation to a liability.
Heads we win, tails you lose (the difficulties of litigating against an adversary who will still owe you money if they win) download subscription
The recent judgment of Teare J marks the latest staging post in the advance of these claims towards trial.
Panel reviews 2014: The chosen ones download
Which firms are cutting it in this era of slimline rosters, and who are the GC new brooms making clean sweeps? The Lawyer can reveal all
The Cayman Islands dominates the offshore world, but can it maintain its leading position?
A flair for innovation sets apart the banking and finance teams on this year’s shortlist for top honours at The Lawyer Awards