The HM Treasury has settled a £1.25bn damages suit brought against it by an Iranian Bank over sanctions imposed by the UK Government in 2009 because of alleged links to Iran’s nuclear programme. The sanctions imposed on Zailwalla & Co’s clients, Bank Mellat, prevented it doing business within the UK financial sector. The two parties have […]
Building on the hire of Sidley Austin litigator Dorothy Cory-Wright last year, Dechert has ramped up its London recruitment efforts bringing on board two further partners from its US rival. Dechert has hired finance partner John McGrath, as well as structured finance disputes partner Simon Fawell. McGrath was promoted to partnership at Sidley in 2011 […]
Financial services provider Apex has hired Andrew Macklin as its new general counsel, following his recent in-house role at Monzo Bank. Macklin, a corporate lawyer by trade, left Latham in 2018 to fill in as Monzo’s interim legal head as the bank ramped up recruitment efforts to fill the role permanently. The role at Monzo […]
Digital bank Monzo has brought in a former Barclays in-house lawyer in a senior position as it beefs up its legal team to support the launch of new products. The company hired Richard Barlow as legal director to oversee the development and launch of new products as part of its goal to create a marketplace […]
Lawyers in the banking and financial services sector have been at the forefront of tackling the regulatory challenges posed by Brexit and GDPR. Creative responses to that shifting climate are evident in this year’s shortlisted entries in The Lawyer Awards, sponsored by Travelers, which are marked by a laser-sharp focus on execution excellence. Two of […]
Hogan Lovells has developed an AI solution to support clients ahead of the mammoth repapering process sparked by the disappearance of Libor legislation.
Saville Row-based international stockbroker Makor Group has taken on its first general counsel, appointing lawyer and former Labour party councillor Todd Foreman. Foreman joins the Makor Group as chief legal officer in London. A New York and English qualified lawyer, he worked as an associate at White & Case and Freshfields Bruckhaus Deringer, before moving […]
By Adam Solomon The New York Attorney General’s investigation has determined that the Bitfinex trading platform and the virtual currency, ‘tether’, have covered up the apparent loss of $850 million in co-mingled client and corporate funds. The Attorney General, Letitia James, said: “New York state has led the way in requiring virtual currency businesses to […]
By Jason Hayward Over the past two decades, title insurance has gained significant traction in Ontario as a means of providing front-end comfort to owners and lenders alike with respect to purchases and financings of real estate. For owners, a title insurance policy is intended to insure the registered owner’s interest in the land itself; […]
Three new start-ups have joined Hogan Lovells’ fintech incubator, a project that launched in 2016 and is helmed by London-based partner Emily Reid.
Conyers Dill & Pearman provided British Virgin Islands and Cayman Islands legal advice to Pipeline Engineering Holdings Limited (the “Company”) in connection with its HK$126.5 million initial public offering of 230,000,000 shares on the Main Board of The Stock Exchange of Hong Kong (Stock code: 1865). The Company engages in infrastructural pipeline construction and related […]
Conyers’ Bermuda office acted for the Issuers, START II Ltd and START Holding II Ltd, in respect of an asset backed securitisation (“ABS”) comprising three tranches of notes secured on a portfolio of 20 in-production aircraft on lease to 13 global airlines in 11 countries, with an appraised value of approximately US$597 million. The notes […]
