The Financial Services Authority (FSA) has provoked a storm of protest from City law firms with its new rules on short-selling. Since making the shock announcement last week, the regulator has been inundated with questions and yesterday was forced to release a second statement to clarify its position. The new regime, which comes into force […]
US firm Milberg announced yesterday that it had struck a $75m deal with prosecutors that will see criminal charges laid against it for a kickbacks scam dismissed. Beleagured US class action firm Milberg announced yesterday (16 June) that it had struck a $75m settlement deal with federal prosecutors that will see criminal charges laid against […]
Lawyers are constantly bombarded with warnings concerning any failure to comply with the Money Laundering Regulations 2007 (MLR 2007). The theory of these warnings is simple enough, but when applied in practice, it is all too easy to find yourself in breach of the law. Identity Verification For example, Mr Smith is a partner in […]
Former Morgan Crucible employee Ian Norris may have avoided extradition to the US, but don’t expect to see judges do the same for everyone, says Anand Doobay. It is difficult to spot general trends in extradition case law, and the decision of the House of Lords to partially refuse the US extradition request for Ian […]
Former F&C Asset Management head of legal Gillian Switalski has sidelined Withers in favour of Blake Lapthorn Tarlo Lyons due to the spiralling legal costs of her £19m discrimination claim against her former employers. Withers successfully represented Switalski in two tribunals for her claims of sexual discrimination, harassment and victimisation against F&C. Elaine Aarons, partner […]
Simpson Thacher & Bartlett is advising the board of American International Group (AIG) on the exit of its chief executive, Martin Sullivan. Simpson litigation partner Jamie Gamble along with firm chairman Dick Beattie are advising AIG on a range of issues relating to the business’ recent deteriorating performance, including the ousting yesterday (16 June) of […]
Skadden Arps Slate Meagher & Flom partners Paul Schnell and Tom Greenberg have been unveiled as the partners leading the firm on the iconic InBev acquisition of Anheuser-Busch acquisition. Skadden and Sullivan & Cromwell scooped lead roles on InBev’s $44.6bn acquisition of Budweiser owner Anheuser Busch. If the hostile acquisition bid is accepted, it would […]
A couple from Edinburgh being threatened with a law suit by Baker & McKenzie over their son’s 11th birthday present has received offers of Pro Bono advice from three law firms, The Lawyer can reveal. A couple from Edinburgh is being threatened with a law suit by Baker & McKenzie over their son’s 11th birthday […]
K&L Gates bags Bear Stearns managing director” />K&L Gates has snared Bear Stearns managing director and in-house lawyer for its New York office. Philip Cedar, who was the head of Bear Stearns mortgage and asset-backed securities legal division, joins the firm today (16 June 2008) as partner in the financial services practice. K&L Gates New […]
Howard Kennedy has parted company with its six-partner media practice, with three of the team poised to launch their own boutique. Susan Aslan, Sue Charles and Hakan Kousetta are set to launch media boutique Aslan Charles Kousetta next month, taking associates Nick Miller and Laura Baglow with them. Partners Leighton Lloyd and Justin Stephenson are […]
A legal dispute between niche property firm Prince Evans and its former senior partner Louis Robert has resolved a week before going to trial, with Robert due to begin a partnership role at Winckworth Sherwood today (16 June). As reported in The Lawyer (7 January), three of Prince Evans’ five partners – finance director Robert […]
Thousands of lawyers took to the streets of Pakistan last week to demand the reinstatement of senior judges sacked last year. In a key test of the rule of law under the country’s new government, lawyers, along with civil society activists and some political parties, converged on the city of Multan on Tuesday for the […]