Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.
Morgan Lewis & Bockius LLP announced on Tuesday that it has hired three partners with experience in complex and cross-border corporate transactions from Herbert Smith Freehills LLP to join its London office.
The Treasury announced draft regulations on Tuesday to ensure banks hold sufficient capital to withstand a financial crisis, as it accelerates efforts to divorce Britain from Europe’s legal framework in time for Brexit.
A man accused by the Financial Conduct Authority of running investment schemes without authorization for nearly a decade has appeared at a London magistrates’ court on two counts of fraud, the regulator has said.
A former shareholder in Arsenal Football Club has settled an £11.6 million ($14.9 million) lawsuit against law firm Linklaters LLP and accounting firm Deloitte LLP over allegations that the firms failed to advise her of tax liabilities she would face when selling her shares in the Premier League soccer team to its majority owner in the U.S.
The Financial Conduct Authority has revealed its plans to make claims management companies pay for the £16.8 million ($21.6 million) it cost to set up a regulatory regime to supervise them as well as the additional costs they must pay for continuing oversight.