Regulatory and Compliance News
Norwegian telecoms operator Telenor has suspended its general counsel and chief financial officer amidst a corruption investigation into VimpelCom, in which it owns a large stake.
European allies Chiomenti, Cuatrecasas Gonçalves Pereira, Gide Loyrette Nouel and Gleiss Lutz have teamed up to launch a joint group focusing on financial services regulation in Frankfurt.
The Oil and Gas Authority (OGA) has created a new general counsel position in the run-up to becoming an independent government company next year.
The number of companies implementing sophisticated policies to combat corruption risk has soared in the last decade, with almost three-quarters now having internal communication lines to blow the whistle on suspected problems.
Standard Chartered has appointed ICAP general counsel Duncan Wales as deputy general counsel following a legal and compliance shake-up last month.
The Competition and Markets Authority (CMA) has appointed Deborah Wilkie to the newly created role of director of Civil Cartel Enforcement.
Pinsent Masons has announced that it has acquired the majority stake in cloud-based compliance venture Cerico, which will be led by former McGrigors managing partner Richard Masters.
Taylor Wessing is set to launch an international corporate crime and fraud unit of 40 partners and another 60 lawyers to be a “one stop shop” for regulatory advice.
Former US attorney general Eric Holder is set to re-join former firm Covington & Burling as a partner, after six years as the US government’s top enforcement lawyer.
King & Wood Mallesons (KWM) regulatory partner Gregg Beechey has become the latest lawyer to exit the firm this week, set to join Fried Frank Harris Shriver & Jacobson in London.
Slater & Gordon saw its share price fall 38.3 per cent following the news of investigations being carried out by the Financial Conduct Authority (FCA) and the Australian Securities and Investment Commission (ASIC).
Clifford Chance, DMH Stallard and Freeths have all had complaints lodged against them to the SRA.
Schillings has announced it is hiring 10 new staff, including Hill Dickinson partner Magnus Boyd.
EY Law is to launch a London financial regulatory practice after recruiting a team from Baker & McKenzie and Weil Gotshal & Manges.
Fieldfisher is the sole law firm to have been instructed by the Groceries Code Adjudicator (GCA) on its investigation into Tesco’s profit over-statement.
Berwin Leighton Paisner (BLP) has announced that Nathan Willmott has been appointed as head of the firm’s financial regulatory group.
The Competition and Markets Authority (CMA) has hired Freshfields Bruckhaus Deringer antitrust partner Andrea Gomes da Silva as senior legal director of its markets, mergers and sector regulation group.
Allen & Overy (A&O) has advised the Bank of New York (BNY) Mellon on a Financial Conduct Authority (FCA) investigation that yesterday (15 April) saw the bank slapped with a £126m fine for breaching custody rules.
Public, police and medical negligence set Serjeants’ Inn Chambers has reported growth in fee income of 27.5 per cent for the 2014/15 financial year ending 31 March on the back of a management overhaul.
Oil and gas company Afren has drafted in both White & Case and Willkie Farr & Gallagher on a review of its expenses practices, which has led the company to report itself to the Serious Fraud Office (SFO) over fraudulent expenses payments.
The Bank of England (BoE) has hired Competitions and Markets Authority (CMA) director of enforcement Sonya Branch to replace Graham Nicholson, who will retire at the end of April.
Lawyers from all walks of the profession and all around the world are gathering in London this week to debate the key trends affecting the industry - including the role of government in preserving access to justice and how the rule of law affects the world of business.
The Serious Fraud Office (SFO) has been ordered to pay £7m in legal costs for Guildhall Chambers’ Stephen Davies QC and four other defendants cleared of fraud last year.
HSBC has instructed Berwin Leighton Paisner (BLP) for legal advice, following the leak of client accounts by whistleblower Hervé Falciani.
Travers Smith was paid £2.2m for its work on an independent inquiry into the Bank of England’s alleged foreign exchange (forex) fixing claims.
The Competition and Markets Authority’s (CMA) Cartels and Criminal Group has launched a recruitment campaign to hire in-house lawyers.
US online legal provider LegalZoom has gained UK regulatory approval having been licensed as an alternative business structure (ABS) by the Solicitors’ Regulation Authority (SRA).
The Financial Conduct Authority (FCA) has promoted lawyer and current head of enforcement Tracey McDermott as part of a structural overhaul after admitting its supervision function was “under strain”.
Regulatory and Compliance Briefings
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Senior managers and certification – an update subscription
Welcome change from presumption of responsibility
Jersey: the Ombudsman cometh download subscription
A Q&A, now that Jersey’s first Financial Services Ombudsman has started work.
Regulatory and Compliance Opinion
Competition partner Paula Riedel’s departure from Linklaters to Kirkland & Ellis last week generated considerable reader interest.
The growing conflagration over the investigation by world football governing body FIFA into the awarding of hosting rights for the 2018 and 2022 World Cups increasingly looks like a textbook case of how not to conduct an ethics probe.