Scottish firms Burness Paull and Levy & McRae are facing legal action from the liquidators of Heather Capital over their involvement in the collapse of the $400m hedge fund.
Irish firm Arthur Cox has appointed the general counsel of exchange-traded fund (ETF) provider Source, Adrian Mulryan, as a partner in its London funds team.
Eaglewood Europe has hired former Sidley Austin associate Dipali Sahni as its first general counsel.
Herbert Smith Freehills has advised Moorfield Real Estate Fund on the sale of its diversified real estate investment portfolio to Lone Star Real Estate Fund, represented by Allen & Overy (A&O), for £1bn.
Simmons & Simmons has announced plans to launch a five-partner office in Luxembourg to capitalise on the jurisdiction’s funds industry.
CVC Capital Partners general counsel Richard Perris is swapping roles to head the legal department at sister company CVC Credit Partners.
Channel Islands firms Mourant Ozannes and Ogier have each hired a senior Jersey funds lawyer from the other firm.
The much anticipated tie-up between Akin Gump Strauss Hauer & Feld and Bingham McCutcheon’s London office closes only one chapter of speculation over the fate of the US firm.
Eight Budget points relevant to funds and investors download subscription
The new tax-free allowance for interest distributions will change the savings landscape, and other developments.
The Investor Money Regulations and the Client Asset Regulations 2015: implications for investment funds and MiFID firms download subscription
Breaches of the IMR or the CAR can attract various penalties.
Cross-border distribution – a key concern for Islamic funds download subscription
There has been talk of a Gulf Co-operation Council ‘funds passport’, but a regulatory framework has yet to be drafted.
Clifford Chance has slashed its focus on Asia in a 25-strong partner promotions round that sees just three made up in the region.
Norton Rose Fulbright has made up a record 51 partners in its latest promotions round, the second since its merger in 2013.
Eversheds has lost a team of nine lawyers, including four partners, who all depart for King & Wood Mallesons (KWM) on Thursday (23 April).
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