Martina Rejsjö and Jimmy Kvarnström talk to Law360 about Nasdaq’s big focus on innovation to better detect patterns in trading behavior, the skills required to work in a tech-driven environment and the issues that take up the bulk of their time on a daily basis.
An Israeli billionaire’s mining company has failed to convince an English judge to nix an order enforcing a nearly $1.25 billion arbitral award issued to its former joint venture partner following a dispute over a stymied Guinean mining project.
Investors in Gable Insurance AG have continued pressing their claims in the High Court in a £1.9 million ($2.3 million) lawsuit that the defunct Liechtenstein company's former chief executive concealed a major fraud to lure investments while he funneled money to a company he owned.
The U.K. Supreme Court will rule Tuesday on whether Prime Minister Boris Johnson unlawfully suspended Parliament for five weeks earlier this month, according to a statement issued by the court Monday.
Europe’s banking watchdog said Monday that it will publish quarterly information from 2019 on 130 of the bloc’s banks, deviating from its usual semiannual disclosures for the first time in order to give national supervisors more details about the EU’s financial sector.
Gold payment app Glint has gone into administration after being declared insolvent, the Financial Conduct Authority has announced, leaving customers in the dark about the safety of their funds.
The Singapore branch of German lender DVB Bank has launched a suit in the U.K. against the owners of a ship being held in northern England, seeking repayment of $23.9 million in unpaid loans.
The European Central Bank has appealed a decision that forces it to disclose why it stopped aid to a collapsed Portuguese bank, claiming it does not need to justify why it is in the public interest to withhold the information, according to documents published Monday.
Akin Gump will add two senior transactions lawyers to its growing private equity team in London in October, the firm said Monday.
Banks from 46 countries with more than $47 trillion in assets have adopted new United Nations-backed principles on “responsible banking” to fight climate change and increase focus on sustainable finance.
A former Societe Generale SA executive accused of rigging the Paris bank's submissions to the London Interbank Offered Rate asked the Second Circuit to throw out the case Friday, saying a lower court wrongly classified her as a fugitive.
A Texas federal court agreed on Thursday to rethink its 2017 ruling that determined the interest rate for calculating damages in the Federal Deposit Insurance Corp.'s suit over Deutsche Bank Securities Inc.'s sale of shoddy residential mortgage-backed securities.
Most European consumers do not understand basic facts about cryptocurrency, and regulatory uncertainty about the digital asset remains high, according to new research.
Britain’s finance watchdog on Friday named a longtime financial services expert with experience in banking and insurance to be its new executive director of risk and compliance oversight.
Two investors have sued Wirecard AG for €33 million ($36.3 million), expanding their London legal fight claiming they were intimidated into selling their stock in a financial services company just before it was sold to the German payments provider for a windfall.
The trustee for $375 million worth of securities backing loans to troubled Ukrainian lender PrivatBank has asked a London court for guidance on how to abide by its obligations to noteholders while it challenges $335 million worth of partial arbitration awards against that bank.
The owner of a Caribbean luxury hotel development won €5.7 million ($6.2 million) against Duet Group on Friday, but the judge rejected the remainder of the €32 million claim and allowed the asset manager to recoup the sums from a company now owned by the hotelier.
The Royal Bank of Scotland named Alison Rose as its new chief executive Friday, handing over a long list of challenges as the lender looks to rebuild after a series of scandals, including the poor treatment of struggling business customers.
The last week has seen an investment banker sue his former Mishcon De Reya LLP lawyers following a failed lawsuit against Newcastle F.C.'s billionaire owner, a foreign exchange business drag the head of its Irish operations into court and an Enterprise insurance unit take action against its Greek brokerage arm. Here, Law360 looks at those and other new claims in the U.K.
Several law firms are touting recent attorney hires in Europe. Shoosmiths LLP has poached a Euribor lawyer from Hodge Jones & Allen, while Squire Patton Boggs LLP nabbed a banking partner from Herbert Smith Freehills LLP and Jones Day has landed a white collar defense pro from an Amsterdam outfit.
The Financial Conduct Authority has urged financial advisers to record interactions with their clients to help ensure that “better quality” recommendations are being made and “provide the most robust evidence” if a consumer brings a complaint.
European lawmakers have demanded that rules designed to clamp down on money laundering and terrorist financing be better enforced across the bloc, saying that improved coordination is needed to counter criminal finance.
Europe’s General Court on Thursday annulled a ruling by the European Commission over the repayment of financial help a Danish bank received from Denmark after the financial markets tanked a decade ago.
Orrick Herrington & Sutcliffe LLP said Thursday that it has snagged a structured finance lawyer from Ropes & Gray LLP to join its London office, the firm’s second hire of the week.
A London judge paused litigation brought by a multinational trading platform over money allegedly owed in the wake of the 2015 "flash crash" of the Swiss franc so that the parties could try to resolve the dispute out of court.
Two Indian businessmen have denied pressuring a retailer into selling shares in a financial services company shortly before it was flipped to a German payments provider for millions, saying the €33 million ($36.45 million) lawsuit baselessly casts them as villains.
Antony Whitehouse, UK head of compliance at French bank Natixis, talks to Law360 about the changing role of compliance, the interplay between local regulatory expectations and a global business, plus some of the challenges that Brexit has thrown up for the compliance departments at European banks with operations in London.
With the Financial Conduct Authority's deadline for consumers to file claims for compensation for missold payment protection insurance fast approaching, the watchdog is set to put a cap on the long-running scandal. Here, Law360 looks back at how the regulatory response unfolded.
The collapse of minibond provider London Capital & Finance PLC, which left thousands of investors facing huge losses, has put Britain’s financial watchdog in the spotlight over its worst failure as a regulator in recent years.
The Jersey Court of Appeal's recent judgment in Booth v. Viscount highlights judicial dissatisfaction with the current lack of certainty in Jersey contract law, but there are a few possible ways to address the undesirable state of affairs, says Eleanor Davies of Baker & Partners.
The Hague Conference on Private International Law's latest convention on cross-border enforcement may create an international dispute resolution framework, and could provide the U.K. with useful alternatives to EU regimes in the event of a no-deal Brexit. However, it is not guaranteed to be a true game-changer, say Andrew Stafford and James Chapman-Booth of Kobre & Kim.
My conservative, Catholic parents never skipped a beat when accepting that I was gay, and encouraged me to follow my dreams wherever they might lead. But I did not expect they would lead to the law, until I met an inspiring college professor, says James Holmes of Clyde & Co.
Paul Martenstyn of Vannin Capital and Daniel Spendlove of Signature Litigation share their top tips on how to get a case funded, drawing from their respective experience as a funder and a lawyer.
The recent fine in the Canon/Toshiba case demonstrates the European Commission's narrow approach to "warehousing" structures and further blurs the line between how gun-jumping and legitimate preparation of mergers are interpreted in EU merger agreements, say Tobias Caspary and Penelope Hale of Fried Frank.
U.K. enforcement agencies are growing more comfortable in utilizing unexplained wealth orders and undertaking the complex investigations that follow, but the vast majority of international businesses and private clients in the U.K. with wealth situated overseas should not fear that UWOs will be used against them, says Zoya Burbeza of Zaiwalla & Co.
Two recent Cayman court decisions highlight the limited situations in which a shareholder may bring a direct claim against a director or a third party and the importance of ensuring that claims are commenced by the proper plaintiff, say attorneys at Appleby Global.
The Global Forestry Investments case's progression, from the Insolvency Service's involvement to recent charges by the Serious Fraud Office, indicates that those responsible for serious financial losses may face criminal prosecutions in addition to regulatory penalties, says Maria Theodoulou of Stokoe Partnership Solicitors.
In Europe, evaluating the risk of launching an artificial intelligence system trained by tainted data can be challenging, but identifying the relevant rights, possible sanctions and whether the issue is ongoing can put lawyers well on their way to understanding the risk profile, say Toby Bond and Nick Aries of Bird & Bird.
The U.K. Commercial Court's recent decision on arbitration jurisdiction in Minister of Finance v. International Petroleum Investment makes clear that the court will not unnecessarily interfere with arbitration proceedings, but it will be ready to intervene where appropriate, say Ioannis Alexopoulos and Nikoletta Beneki of Signature Litigation.
Since deferred prosecution agreements were introduced in 2014, the Serious Fraud Office has initiated five DPAs that have received formal declarations from the court. Opinions are divided as to whether these agreements improve long-term compliance or allow corporates to pay their way out of prosecution, says Perveen Hill of BDB Pitmans.
The Second Circuit's decision in United States v. Boustani correctly identifies the dangers of a "two-tiered" bail system, but the proper solution is to make bail more accessible to everyone, not to fewer people, says Alexander Klein of Barket Epstein.
A recent Cayman Islands case, Ennismore v. Fenris, sheds light on the process for assessing how much plaintiffs should pay to defendants if they called for a pretrial injunction that the court later finds should not have been granted, say Nicola Roberts and Laura de Heer of Harney Westwood.
The Council of the European Union recently adopted new cybersecurity legislation that imposes sanctions on people and entities responsible for cyberattacks rather than on states. Attorneys with Crowell & Moring discuss the scope of the new EU sanctions regime, how it is similar to U.S. cyber sanction policy, and its potential impact.
A recent uptick in cyberincident reports in the U.K., combined with the Information Commissioner's Office and Financial Conduct Authority's joint approach to General Data Protection Regulation enforcement, suggests that U.K. financial services firms could be at high risk for simultaneous enforcement actions from the two regulators, say Rob Dedman and Kim Roberts of King & Spalding.