Cleary Gottlieb Steen & Hamilton, which up until 18 months ago had steered clear of the lateral hiring market, has added a new London partner from Kirkland & Ellis. Alexander van der Gaag is joining Cleary from Kirkland’s debt finance team. He worked at Kirkland for nine years, arriving as an associate from Baker McKenzie. […]
Simmons & Simmons represented Barclays Bank in an $150m anti-suit and anti-enforcement injunction against Russian state investment bank, VEB. VEB was founded in 1922 as the first international bank of the USSR, and since 2018 it has been chaired by the country’s former deputy prime minister under Putin, Igor Shuvalov. The bank was represented by […]
NatWest’s general counsel – and Linklaters’ former managing partner – Gideon Moore has left the bank after two years, making way for a new chief. Moore has been replaced by NatWest’s litigation general counsel Will Luker. He has worked at the bank since 2003, became litigation general counsel in 2010 and subsequently managed and integrated […]
Clifford Chance has hired a structured finance partner from A&O Shearman after the two firms’ merger last week. Daniel Shurman joins Clifford Chance in London from legacy Allen & Overy, becoming a partner in its derivatives and structured products practice. Emma Matebalavu, global head of financial markets, commented: “Daniel’s appointment is a testament to our commitment to […]
Davis Polk & Wardwell has recruited from Paul Hastings’s finance team, expanding its partnership ranks in the City to nine. The small City outfit has hired Luke McDougall from Paul Hastings. McDougall focuses on UK and cross-border acquisition finance and restructuring, acting for senior lenders, junior lenders and borrower groups on a variety of capital […]
Angolan Central Bank (Banco Nacional de Angola) Notice no. 9/22 of 6 April was recently published to establish special schemes for mortgage credit and construction credit.
The new Notice establishes (i) the terms and conditions applicable to the this type of credit, (ii) the minimum requirements in terms of number and total value and (iii) the treatment in the calculation of the reserve requirements.
A summary of the key takeaways from a recent webinar on reducing scope 3 investment-related emissions.
The Financial Conduct Authority (FCA) has published a policy statement confirming its intention to adopt previously announced proposals relating to diversity at board level of listed companies.
The Financial Conduct Authority (FCA) has recently published an updated policy statement to amend the Listing Rules and Disclosure Guidance and Transparency Rules in respect of diversity on company boards and executive committees, as well as making final amendments to the FCA handbook.
A company operated by a man claiming to be Satoshi Nakamoto, the pseudonymous author of the white paper ‘Bitcoin: A Peer-to-Peer Electronic Cash System’, has had service of its claim form set aside in proceedings concerning bitcoin said to be worth approximately £3 billion.
Available now, The Legal 500: Lending & Secured Finance Country Comparative Guide is a resource for legal and non-legal professionals to learn more about the lending and secured finance laws and regulations in 18 jurisdictions.
In April 2022 the FCA launched a three-year strategy (Strategy 2022 to 2025) (Strategy), in the hope of delivering better outcomes, and its 2022/23 Business Plan. In this Insight, Sushil Kuner, a Principal Associate in the Financial Services Regulatory team, summarises the key themes of the Strategy, highlighting how the FCA’s approach appears to be its most aggressive yet.
The IOSCO consultation report, published on 6 April 2022, represents the output of a five-year long collaboration between regulators of major global ETF domiciles focussed on two broad themes, namely the effective functioning of the primary market and appropriate disclosure to investors, and is set against the backdrop of significant ETF growth, in-depth market studies and stress events.
How are ESG principles shaping lending? What is holding back the market? How do we deal with the unintended consequences?
As businesses come under increasing pressure to acknowledge and improve their environmental impact, there’s a growing need to make commercial properties greener.
On 5 April 2022, the Central Bank of Ireland made further changes to its list of Pre-Approval Controlled Functions (PCFs) under its Fitness and Probity framework. These changes, introduced by amending regulations, are in addition to PCF role changes notified by the Central Bank in September 2022.
