Banking and finance

London bishopsgate

Paul Hastings finance duo to exit firm

Two members of Paul Hastings’ finance team are to leave the firm in London, a month after the hire of four partners from Latham & Watkins. Duo Richard Kitchen and Amin Doulai are making the move. Kitchen was promoted to partner in 2017 and acts for both borrowers and lenders, while Doulai was promoted to […]

Munich Germany

Goodwin continues Munich growth with finance lateral

Goodwin has followed up on the launch of its Munich office with the hire of a leveraged finance partner from rival US firm Shearman & Sterling. Winfried Carli was a long-term Shearman lawyer, spending 22 years at his previous firm before joining Goodwin’s Munich outpost. Much of Carli’s work focuses on both domestic and cross-border […]

Bishopsgate

Paul Hastings swoops on Latham for finance team hire

Latham & Watkins is set to lose a team of finance partners to Paul Hastings’ London office. The Lawyer has learned that finance partners Mo Nurmohamed, Ross Anderson, Karan Chopra and Rob Davidson are leaving Latham to bolster Paul Hastings’ finance practice. Nurmohamed and Anderson are both the heads of Latham’s London lender-facing team. Of […]

Linklaters

Linklaters finance partner to exit for Willkie

A Linklaters leveraged finance partner is departing for Willkie Farr & Gallagher’s London office, The Lawyer can reveal. The partner in question is Daniel Gendron, who will join the firm in September. Gendron has spent nearly 15 years at Linklaters. He joined the firm as a managing associate in 2008 and was given the nod […]

Analysis

Clifford Chance’s former tax head is having the time of his life

Dan Neidle is enjoying his new role as a gadfly “All communications sent to me will be held in strict confidence and only disclosed with your explicit permission”, reads the legal notice on Dan Neidle’s website Tax Policy Associates (TPA). “Unless you are threatening to sue me for libel, in which case absolutely no duty […]

“We press a button daily to let everyone know we’re safe” – CMS Ukraine managing partner on how it feels to be uprooted during war

Every day, employees of CMS’ Kyiv office receive a phone alert urging them to press a button to let the rest of the displaced office know they are safe.  With operational hubs in Budapest and Western Ukraine, the office has faced unquestionable challenges as it continuously works to monitor the safety of all 65 staff […]

Matthew Kelsall, Clydes

Clydes needed BLM more than you think

“I acted for a client 20-odd years ago that went from 50 firms on its panel to 12, and we thought that was absolutely revolutionary,” says BLM’s legacy senior partner Matthew Harrington. “Now clients are looking at panel sizes, certainly in the general insurance market, of two to three firms.” And that, in a nutshell, […]

Warsaw Poland

A postcard from Warsaw: Big-ticket deals, but worries for the future

On a June day in 2022, The Lawyer visited several of Warsaw’s top international firms to see how this apparently thriving market is holding up four months after the launch of a war on its neighbour, Ukraine. What impact has the dramatic events of the past few months had on the city, its legal services […]

Banking & Finance Briefings

Angola: Granting credit in the real sector of the economy

The new Notice establishes (i) the terms and conditions applicable to the this type of credit, (ii) the minimum requirements in terms of number and total value and (iii) the treatment in the calculation of the reserve requirements.

FCA gives a nod to greater diversity on boards

The Financial Conduct Authority (FCA) has recently published an updated policy statement to amend the Listing Rules and Disclosure Guidance and Transparency Rules in respect of diversity on company boards and executive committees, as well as making final amendments to the FCA handbook.

Bitcoin dispute gives insight into English court’s approach

A company operated by a man claiming to be Satoshi Nakamoto, the pseudonymous author of the white paper ‘Bitcoin: A Peer-to-Peer Electronic Cash System’, has had service of its claim form set aside in proceedings concerning bitcoin said to be worth approximately £3 billion.

The FCA delivers its most aggressive strategy yet

In April 2022 the FCA launched a three-year strategy (Strategy 2022 to 2025) (Strategy), in the hope of delivering better outcomes, and its 2022/23 Business Plan. In this Insight, Sushil Kuner, a Principal Associate in the Financial Services Regulatory team, summarises the key themes of the Strategy, highlighting how the FCA’s approach appears to be its most aggressive yet.

IOSCO reaffirms its 2013 ETF Principles and consults on good practices

The IOSCO consultation report, published on 6 April 2022, represents the output of a five-year long collaboration between regulators of major global ETF domiciles focussed on two broad themes, namely the effective functioning of the primary market and appropriate disclosure to investors, and is set against the backdrop of significant ETF growth, in-depth market studies and stress events.

Using green loans to retrofit your buildings

As businesses come under increasing pressure to acknowledge and improve their environmental impact, there’s a growing need to make commercial properties greener.

Ireland: Fitness and Probity regime – Changes to PCF roles

On 5 April 2022, the Central Bank of Ireland made further changes to its list of Pre-Approval Controlled Functions (PCFs) under its Fitness and Probity framework. These changes, introduced by amending regulations, are in addition to PCF role changes notified by the Central Bank in September 2022.