Norton Rose takes lead on HSBC rights issue

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Latest Briefings

Parliamentary group proposes a Financial Services Tribunal

Kevin Hollinrake MP (Co-Chair of the APPG on Fair Business Banking) has published his report titled “Fair Business Banking for All: How to improve access to justice for businesses in financial services disputes” (the Report). Following the APPG’s responses to the FCA’s consultation on expanding the FOS’s jurisdiction (CP18/3), the Report sets out various recommendations […]

Draft legislative proposal introduces a minimum price for CO2

The Dutch government has published a draft legislative proposal for consultation that introduces a minimum price for CO2. The minimum price is introduced by way of a tax levied on electricity producers. The tax is levied per ton of CO2 emission. In the proposal, the tax rate per ton CO2 is calculated each year as […]

Adoption of unregistered land as highway

By Paul Weeks Unregistered land in unknown ownership can cause a headache on development and the extent of the issue will often depend upon what the land is needed for…

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Links litigation partner to lead global pro bono drive

Linklaters has appointed litigation partner Kathryn Ludlow as its first global pro bono partner. Linklaters has appointed litigation partner Kathryn Ludlow (pictured) as its first global pro bono partner. Ludlow will be the public face of the firm’s pro bono activities globally. She will review Linklaters’ current pro bono work and identify where changes can […]

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Hammonds to trim 20 from its partnership

Hammonds is to cut up to 20 partners as part of a sweeping review that will see the firm’s partnership reduced by more than 10 per cent. The firm is blaming poor economic conditions for the cuts. It is understood that negotiations are already underway. Managing partner Peter Crossley (pictured) said: “We’ve been reviewing partner […]

Building bridges

In restructuring property finance, enforcement is not your only option, says Nicholas Crocker In the current economic climate the most commonly cited cause of borrower default is breach of loan to value (LTV) covenants. It has recently been said that anyone who in the last few years bought at above 70 per cent LTV is […]

NYC elite secure mandates on AIG restructuring

Davis Polk & Wardwell, Sullivan & Cromwell and Weil Gotshal & Manges have secured lead roles on the restructuring of US insurance giant AIG. Davis Polk & Wardwell, Simpson Thacher & Bartlett, Sullivan & Cromwell and Weil Gotshal & Manges have secured lead roles on the restructuring of US insurance giant AIG. Davis Polk corporate […]

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Clifford Chance to cut 115 London support staff jobs

Clifford Chance to cut 115 London support staff jobs” class=”inline_image inline_image_left” src=”/pictures/web/images/16549_cc-london90.jpg” />Clifford Chance is looking to lay off up to 115 business services staff in London after a review of its support staff needs. The firm currently has around 1,200 business services staff based in London, with the number including all employees other than […]

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