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Regulatory and Compliance News

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KWM exits mount as regulatory partner Beechey exits for Fried Frank

3-Jul-2015 | By Natasha Bernal

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.

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Slater & Gordon’s share price falls 38.3 per cent amid multiple investigations

29-Jun-2015 | By Jonathon Manning

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).

SRA

First DLA Piper, now Clifford Chance and DMH Stallard: small business owner complains to SRA

19-Jun-2015 | By Jonathon Manning

Clifford Chance, DMH Stallard and Freeths have all had complaints lodged against them to the SRA.

City Gherkin

Schillings announces first hires since conversion to LLP

15-May-2015 | By Jonathon Manning

Schillings has announced it is hiring 10 new staff, including Hill Dickinson partner Magnus Boyd.

London

EY Law hires Baker & McKenzie and Weil team for financial regulatory practice

13-May-2015 | By Rachel Moloney

EY Law is to launch a London financial regulatory practice after recruiting a team from Baker & McKenzie and Weil Gotshal & Manges.

tesco

Fieldfisher picks up sole instruction from GCA over Tesco investigation

13-May-2015 | By Rachel Moloney

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.

london blp 317

BLP names Willmott as new financial regulatory group chief

8-May-2015 | By Jonathon Manning

Berwin Leighton Paisner (BLP) has announced that Nathan Willmott has been appointed as head of the firm’s financial regulatory group.

London

CMA picks up Freshfields antitrust partner as senior legal director

30-Apr-2015 | By Tabby Kinder

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.

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A&O advises BNY Mellon on FCA custody breach investigation

16-Apr-2015 | By Natasha Bernal

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.

Barristers

Serjeants' Inn announces bumper 28 per cent income growth for 2014/15

15-Apr-2015 | By Joanne Harris

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 rig

White & Case and Willkie Farr brought in as oil company Afren reports itself to SFO

23-Mar-2015 | By Tabby Kinder

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.

Bank of England

Bank of England appoints CMA director of enforcement Sonya Branch as general counsel

19-Mar-2015 | By Natasha Bernal

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.

Justice

Change, diversity and boardroom struggles on the agenda at the Global Law Summit

24-Feb-2015 | By Natasha Bernal

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.

corut

SFO ordered to pay £7m in legal costs for Guildhall Chambers silk trial

12-Feb-2015 | By Natasha Bernal

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

HSBC turns to BLP in a bid to dispel tax evasion allegations

10-Feb-2015 | By Natalie Stanton

HSBC has instructed Berwin Leighton Paisner (BLP) for legal advice, following the leak of client accounts by whistleblower Hervé Falciani.

Bank of England

Travers earns £2m for key role on Bank of England’s forex investigation

3-Feb-2015 | By Natalie Stanton

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.

London

CMA launches legal recruitment campaign to boost cartels and criminal team

16-Jan-2015 | By Natasha Bernal

The Competition and Markets Authority’s (CMA) Cartels and Criminal Group has launched a recruitment campaign to hire in-house lawyers.

digital world internet

US online provider LegalZoom set to storm the UK with ABS licence

8-Jan-2015 | By Hannah Gannagé-Stewart

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).

London

FCA admits being "under strain" as it names McDermott as new director

9-Dec-2014 | By Kate Beioley

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”.   

money

Former Addleshaws partner faces fresh SDT hearing as expenses case continues

24-Nov-2014 | By Natalie Stanton

The Solicitors’ Disciplinary Tribunal (SDT) has kicked off a re-hearing of a case alleging former Addleshaw Goddard partner Mark Gilbert of discrepancies in expenses. 

data docs

HMRC cranks up the heat on law firms with increase in disclosure notices

17-Nov-2014 | By Natasha Bernal

HMRC has doubled down on accountancy and law firms, issuing 1,502 disclosure notices in the last year for information on clients that are subject to criminal tax investigations.

manchester

Former Pannone FD Anthony Clare fined by FCA

7-Nov-2014 | By Hannah Gannagé-Stewart

Legacy Pannone financial director Anthony Clare has been fined £208,600 by the Financial Conduct Authority (FCA) following an investigation into mis-selling at insurer Swinton.

tesco

Freshfields retains role as SFO opens investigation into profits

30-Oct-2014 | By Joanne Harris

Freshfields Bruckhaus Deringer has been retained by Tesco in the wake of the Serious Fraud Office’s (SFO) announcement that it had opened an investigation into accounting practices at the supermarket giant.

lending money

SFO requests £26.5m emergency cash injection for Tchenguiz and fraud battles

24-Oct-2014 | By Kate Beioley

The Serious Fraud Office (SFO) has requested an urgent cash injection of £26.5m – 75 per cent above its core budget – in order to pursue its high-profile fraud investigations and pay out compensation to the Tchenguiz brothers.

energy

Eon legal head Line takes on CMA probe role alongside Pinsents

16-Oct-2014 | By Kate Beioley

Eon head of legal Graham Line has stepped down from his role to lead the company’s response to the Competition and Markets Authority’s (CMA) probe into the energy market.

Gibralter

Appeal over appointment of Marrache judge set to go to Privy Council

10-Oct-2014 | By Joanne Harris

An appeal against the appointment of the judge who heard the trial of the three founders of collapsed law firm Marrache & Co is to be taken to the Privy Council after being thrown out by the Gibraltar Court of Appeal this week.

london Thames Parliament Big Ben Westminster

New competition regulator CMA creates three new cartel roles

9-Oct-2014 | By Kate Beioley

The newly-formed Competition & Markets Authority (CMA) is looking to hire a director of criminal enforcement as part of three new director roles aimed at beefing up its ability to crack down on cartels.

KPMG office

Law: it’s all part of the KPMG service

6-Oct-2014 | By Hannah Gannagé-Stewart

Accountant will not form standalone law firm, but build legal into its offering

lending money

Slaughters advises Wonga on FCA-prompted £220m debt write-off deal

3-Oct-2014 | By Natasha Bernal

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.

leeds

Gordons, Walker Morris turn to Irwin Mitchell and Pinsents for senior partner hires

25-Sep-2014 | By Joanne Harris

Yorkshire firms Gordons and Walker Morris have recruited new department heads from national firms Irwin Mitchell and Pinsent Masons respectively.

London

Addleshaws exits mount as corporate crime chief Hargreaves quits for KWMSJB

24-Sep-2014 | By Natalie Stanton

Addleshaw Goddard’s head of fraud, regulatory and corporate crime has become the latest partner to exit the firm, resurfacing at King & Wood Mallesons SJ Berwin (KWMSJB).

Freshfields

Tesco calls in Freshfields to investigate overstated first-half profits

22-Sep-2014 | By Natalie Stanton

Tesco has appointed Freshfields Bruckhaus Deringer to scrutinise its first-half profits, which were overstated by £250m.

Fieldfisher

Fieldfisher senior partner becomes sole lawyer appointed to new press watchdog

9-Sep-2014 | By Natalie Stanton

Fieldfisher senior partner Matthew Lohn has been appointed to the Independent Press Standards Organisation’s (IPSO) new 12-person complaints committee.

scam fraud

Birketts, Clydes, Simpson Millar subject of SRA scam warnings

29-Aug-2014 | By Kate Beioley

Birketts has been exposed by the Solicitors Regulation Authority (SRA) as the subject of a scam after members of the public received emails purportedly from the UK Border Agency advising them to send money to the firm.

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Hengeler wins reprieve for Uber in German battle over taxi app

28-Aug-2014 | By Joanne Harris

Hengeler Mueller has won a victory for ‘sharing economy’ taxi service Uber in a battle over whether the company can continue offering its product in the city of Hamburg.

whistle

Clydes settles whistleblowing claim with former partner Bates van Winkelhof

19-Aug-2014 | By Hannah Gannagé-Stewart

Clyde & Co has settled a long-running whistleblowing dispute with former partner Krista Bates van Winkelhof out of court after successive cases sought to establish the validity of the claim.

Calculator

ICAEW granted authority to license ABSs

14-Aug-2014 | By Hannah Gannagé-Stewart

The Institute of Chartered Accountants (ICAEW) has become the first non-legal entity with powers to regulate probate services and license alternative business structures (ABSs). 

London

LCH Clearnet hires Freshfields senior associate as new general counsel

30-Jul-2014 | By Natalie Stanton

London Stock Exchange-owned clearing house LCH Clearnet has hired Diane Bouwmeester as its group general counsel and head of compliance.

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EU/Austria: Implementation of the water framework directive download subscription

Schoenherr 3-Jul-2015

What remains of the ‘class theory’ following the ECJ’s 1 July 2015 (C- 461/13) ruling with regard to the ‘no-deterioration’ clause?

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Colibri Kazakhstan 3-Jul-2015

A focus on analysis of existing key concepts of Kazakhstan’s legislation which may potentially affect the bankability of the PPP projects in Kazakhstan. 

Triumph for transparency or snooper’s charter? download subscription

Collas Crill 3-Jul-2015

Will a workable register of people with significant control succeed in balancing the interests of businesses, investors and the public?

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Regulatory and Compliance Analysis

digital world internet

Demystifying e-discovery: the art of the possible

11-Nov-2014

Given the growth in the amount of data businesses create and store, it’s a good point in time to determine how companies and law firms are working with eDiscovery and computer forensics.

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Regulatory and Compliance Opinion

Cat Griffiths index

Firms call competition into play

5-May-2015 | By Catrin Griffiths

Competition partner Paula Riedel’s departure from Linklaters to Kirkland & Ellis last week generated considerable reader interest.

Andrew Durant

FIFA's investigations own goal

26-Nov-2014

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.

Catriona Munro

CMA must rethink online hotel pricing

27-Oct-2014

A ground-breaking challenge brought by online travel company Skyscanner means the Competition & Markets Authority (CMA) must reconsider whether to accept legally binding promises.

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