Why a mistake in London is more of a blunder in New York

A federal judge decided that Citigroup is not entitled to recoup $900 million of its own money that it mistakenly transferred lenders of Revlon. Jean-Martin Louw and Robin Henry comment on this and how the situation could have played out differently if it had occurred in the UK.

Related briefings

‘Tax Day’ – government continues its campaign to tackle non-compliance

In the UK’s first ever ‘Tax Day’ on 23 March 2021, the government released more than 30 consultation documents relating to the future landscape of the UK tax regime. Whilst these documents scrutinised how taxes should be paid, opportunities for simplification and the potential of digitalisation, it was tackling non-compliance which was firmly in the spotlight once again. Tax & estate planning Partner, James Austen, gives his opinion on the proposed measures.

Latest Briefings

Romanian draft law on 5G technology under strong criticism from both public authorities and private stakeholders

The Draft law on the adoption of certain measures concerning informatic and communications infrastructures of national interest and the conditions for deployment of 5G networks initiated by the former Ministry of Transportation, Infrastructure and Communications has undergone a new series of examinations from the relevant public authorities as part of the legislative procedure.

Insurance Bulletin Spring 2021

Although the full impact of Covid-19 on the re/insurance industry remains unclear, the need to retain capital to meet potential losses has contributed to a general hardening of the market after 15 years of soft market conditions characterised by excess capacity, low prices and more relaxed policy terms.

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New Look GC moves to Rolex retailer Watches of Switzerland

New Look general counsel Laura Battley has moved across to Watches of Switzerland, less than two years after the latter’s listing on the London Stock Exchange. Battley joins the FTSE 250 British watch retailer after five years as GC and company secretary at New Look. She began her legal training at Slaughter and May in […]

Rebecca Maslen-Stannage Herbert Smith Freehills

Legacy Freehills partner wins HSF election race

Herbert Smith Freehills (HSF) has appointed its next senior partner following a contested election for the position. The election comes as incumbent James Palmer prepares to step down after more than six years in the role. The partnership’s vote has gone to Sydney-based corporate partner Rebecca Maslen-Stannage, who in May will become senior partner and […]

DLA hires Freshfields partner as new head of finance

A former head of Freshfields Bruckhaus Deringer’s finance group has left the firm to take on a new role at DLA Piper. DLA has taken on David Trott to lead the practice from May 2021. Trott has been a partner at Freshfields since 1997 and led its global finance team between 2012 and 2016. His […]

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