Banking and finance

paris

Dechert nabs Paris finance team from Mayer Brown

Mayer Brown has lost a five-lawyer real estate and finance team to Dechert’s Paris office, as the recruitment market continues to heat up in the French capital. Dechert partner Privat Vigand is leading the team’s move to Dechert, along with four associates – Guenaëlle Taroni, Antoine Periat, Fanny Roiena and Pauline Keller. Vigand has been at […]

London

Sidley exits continue as finance partner joins Vinson

Sidley Austin‘s spate of exits continues in the capital, with capital markets partner Noel Hughes the latest to take on a new role at US firm Vinson & Elkins. Noel Hughes joined Sidley Austin as a partner in 2016, after a four-year spell as an associate at Paul Hastings. Prior to this, he was an […]

Baker McKenzie

Sidley’s former City chief moves back to his old firm

Baker McKenzie has lured back former partner Matthew Dening, months after he stood down from his role as Sidley Austin’s London office head, The Lawyer can reveal. It is 14 years since Dening left Bakers for Sidley; Dening trained, worked and was promoted at Bakers in 2001 where he became a member of its derivatives team. […]

Deutsche Bank

Deutsche Bank veteran leaves in-house role for Shearman

Shearman & Sterling has hired Deutsche Bank’s former co-general counsel Simon Dodds to its London office, after he left the bank earlier this year. Dodds joins Shearman’s financial institutions advisory and regulatory practice as of counsel. He was in-house at the bank for nearly two decades, having been appointed to the role of UK and […]

City

Latham targets A&O for second infrastructure hire this week

Another magic circle partner is to join Latham & Watkins in London, as it sets its sights on winning work in the infrastructure M&A market. Allen & Overy partner Conrad Andersen, who was promoted in 2008, is to join Clifford Chance partner Brendan Moylan at the US firm. The latter’s move was revealed yesterday. While […]

Analysis

Cropped shot of a doctor shaking hands with a businessman

Emerging opportunities in CEE healthcare

Central and Eastern Europe’s healthcare industry is fast emerging as an attractive destination for domestic and international investors, says research by Kinstellar and The Lawyer of over 100 corporates, financial investors and advisers active in the healthcare sector.

Irish banks’ toughest test

For Ireland’s banking sector, 2017 could be a significant year. Almost a decade on from the financial crisis Allied Irish Bank (AIB) which – along with Bank of Ireland, is one of the country’s two pillar banks – could return to private ownership in 2017.

Maurice Allen: the exit interview

Serial legal entrepreneur Maurice Allen will retire from Ropes & Gray this year, although he’s widely tipped to emerge at another firm. He talks to The Lawyer editor Catrin Griffiths about a career building some of the City’s most impressive practices.

LMI analysis: Visa

One company reaping the benefits of consumers shifting their spending from cash and cheques to electronic payment is Visa. In addition to generating operating revenue of $13.8bn (£9.4bn) in 2015 – 9 per cent up on the previous year – the financial services company saw a total payment volume of $7.4trn. There were 71 billion […]

Featured Briefings

Officer of judgment debtor can be committed for failure to provide information – CoA

Deutsche Bank AG v Mr Alexander Vik [2018] EWCA Civ 2011 This judgment is the latest instalment in the long-running litigation between Deutsche Bank (“DB”) and the Monaco-based billionaire, Alexander Vik. In 2008, Mr Vik’s personal investment vehicle, Sebastian Holdings, Inc. (“SHI”), incurred huge debts to DB after it made a series of heavily loss […]

BVI: new rules governing SPCs

By Michael Killourhy The British Virgin Islands (BVI) will shortly implement some important changes to the rules governing segregated portfolio companies (SPCs) incorporated or registered under the BVI Business Companies Act, 2004 (BCA). These changes, introduced by the BVI Business Companies (Amendment) Act, 2018 (the 2018 BCA Amendment Act) will come into force on 1 October […]

Relevant loans – HMRC Update

By Aidan Grant HMRC has updated its guidance regarding relevant loans, which may have a significant impact on the wider use of debt financing in offshore estate planning. The industry was just coming to terms with the idea that, where money is made available under a loan for the purpose of (generally speaking) purchasing a UK residential […]

Updates on proportionality of costs in court proceedings

By Gwendoline Davies, Claire Acklam Anyone involved in the conduct of litigation will be aware that the ‘overriding objective’, at rule 1.1 (1) of the Civil Procedure Rules (CPR), requires cases to be dealt with “justly and at proportionate cost”. Unfortunately, the question of what is proportionate continues to cause confusion and dispute.  In this latest […]

Franchise resales – should franchisors be involved?

By Emma Lusty It is a common misconception that a franchise network with a high level of resales is a bad sign. In fact, a healthy resale market is a good sign. It means that franchisees are able to build up profitable businesses which can be sold to recover a return on their initial investment and […]

US raises bar for International Development Finance

By Paul M. Murphy, Mark McAuley Overview: The United States seems to be raising the bar for International Development Finance with the proposed BUILD Act. Through the proposed creation of a new U.S. Government institution, the International Development Finance Corporation, the US looks to create a new paradigm for the developing world – in direct response to […]

Lending money to family and friends? Read this first

By David Asker Key considerations when lending money We’ve looked at some of the key questions you should be asking if you are thinking of lending money. The first consideration you need to make is: can you afford to lend them the sum they need? And if so, when will you need the money repaid […]

Webinar Q&A: Introduction to High Court enforcement for businesses

By David Asker What constitutes an obstruction? An obstruction ranges from locking the building up, to threats with a weapon or physically hiding items away. Essentially it is the obstructing and preventing of an enforcement agent from enforcing the writ of control. We would also consider wasting time and making the agent’s job as difficult as […]

SEBI introduces exemptions for companies undergoing insolvency

By Ashwin Bishnoi, Rohit Ambast Between 31 May to 1 June, the Securities and Exchange Board of India (SEBI) amended a number of securities regulations to provide certain dispensations for listed companies undergoing the corporate insolvency resolution process (CIRP) under the Insolvency and Bankruptcy Code 2016 (IBC). These amendments follow SEBI’s discussion paper of March […]

Lenders round-up – September 2018

By Richard Hall Landmark decision on Legal Privilege The Court of Appeal has overturned a previous judgment allowing the Serious Fraud Office access to documents shared between the Eurasian Natural Resources Corporation (ENRC) and its former legal adviser Dechert in relation to ENRC’s findings during a criminal investigation into alleged bribery and financial malpractices. The earlier […]

Austria’s Blockchain & Cryptocurrency Regulation 2019

By Thomas Kulnigg, Ursula Rath The Austrian government closely monitors developments in the area of alternative means of financing through distributed ledger technology and other digital assets, such as initial coin offerings (“ICOs”) or initial token offerings (“ITOs”). It tends to apply an open approach to cryptocurrencies, new technologies and fintech, while at the same […]

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