In December 2013, the Cayman Islands Monetary Authority (CIMA) published a Statement of Guidance for Regulated Funds — Corporate Governance (SOG) that sets forth minimum guidance for operators of Cayman Islands regulated funds for the sound and prudent governance of the regulated funds they operate. The SOG does not create new law but places a […]
This update is produced by DLA Piper’s banking and finance litigation team and contains a summary of news and legal developments that have affected the banking and finance industry over the last month. Contents Domestic banking Domestic general European banking European general International banking International general Press releases Click on […]
Slater & Gordon’s numerous acquisitions are expected to more than double the firm’s UK revenue in 2014, according to the firm’s half-year results presentation to the Australian Stock Exchange (ASX). Its UK practice raked in £35m (A$61.4m) in the first half of its 2013/14 financial year, which ran from 1 July 2013 to 31 December […]
What do Thomas Eggar and Californian giant Wilson Sonsini Goodrick & Rosati have in common? Not much, you might answer. We’ll give you a clue: it’s not the climate. Rather, both firms have been known to tinker with unusual fee arrangements – notably accepting equity from clients in place of traditional fees, at least in […]
Barristers have stepped up their protest to legal aid cuts with plans for a full-scale walkout on 7 March, which will see them refuse to turn up to court or cover other members’ cases. It is a significant escalation on January’s strikes, when barristers showed their disdain for the budget cuts with a half-day strike […]
French firms Bredin Prat and Darrois Villey Maillot Brochier, alongside Switzerland’s Homburger and Orrick Herrington & Sutcliffe, have taken lead roles on L’Oréal’s buyback of €6.5bn in shares from Nestlé. Darrois and Homburger advised Swiss-owned Nestlé on the deal, with Orrick leading for L’Oréal. Bredin Prat acted for the Bettencourt-Meyers family, a longstanding client which is […]
The in-house market in the UK has undergone something of a sea-change in the past few years, with general counsel forcing through changes to control costs and efficiency much more than ever before. Take the likes of Balfour Beatty, Barclays, Citigroup and Tyco, all of which have recently looked at the structure of their panels […]
Multi-billion dollar commercial court cases are the preserve of only a handful elite City firms. When a firm is disbarred from a battle, as White & Case was just a few weeks ago, the lawyer options for the litigating party may well be limited. The US firm lost its place in the $2bn case for […]