News & Insights (Financial Regulation and Compliance)

15-May-2012  |  Corporate, Financial Institutions & Services

Disclosing inside information – can investors still be brought 'over the wall'?

A string of recent, high-profile enforcement actions by the FSA has highlighted the risk for companies and financial advisers of ...

08-May-2012  |  Banking & Finance, Financial Institutions & Services

The WestLB case - standing in the shoes of a calculation agent

The Court of Appeal recently delivered its judgment in WestLB AG v (1) Nomura Bank International plc & (2) Nomura ...

03-May-2012  |  Banking & Finance, Financial Institutions & Services

Arch cru: Implications of FSA's first proposed CRS. Liability, Cost and Judicial Review?

On 30 April 2012, the FSA published a consultation paper proposing to impose the first industry wide consumer redress scheme ...

25-Apr-2012  |  Financial Institutions & Services

Down but not out - Relief for senior management as FSA loses test case

Relief for senior management as FSA loses test case, but Sants warns that corporate governance issues need to be "urgently ...

26-Mar-2012  |  Banking & Finance, Financial Institutions & Services, Litigation & Dispute Resolution

Letters of credit and fraud; can the Contracts (Rights of Third Parties) Act help?

The Commercial Court has roundly rejected a novel attempt by a buyer to prevent payment to the seller under a standby letter of ...

06-Mar-2012  |  Banking & Finance, Financial Institutions & Services

Financial Disputes Update - March 2012

Welcome to the third edition of the Taylor Wessing financial disputes and contentious regulatory newsletter. Every quarter, we ...

29-Feb-2012  |  Financial Institutions & Services, Litigation & Dispute Resolution, Restructuring & Corporate Recovery

Lehman Brothers client money application – Supreme Court Decision

The much awaited decision in the Lehman Brothers International (Europe) Limited ("LBIE") litigation in relation to ...

15-Feb-2012  |  Banking & Finance, Financial Institutions & Services

FOS departs from established law to hold that losses caused by the financial crisis do not break the chain of causation

On 9 February 2012, the Financial Ombudsman Service ("FOS") issued a provisional decision in a financial mis-selling ...

21-Dec-2011  |  Banking & Finance, Financial Institutions & Services

London banker banned for procuring breaches of Indian investment law

The UK’s Financial Services Authority has banned Jaspreet Singh Ahuja, a Client Adviser in UBS’ international wealth management ...

12-Dec-2011  |  Banking & Finance, Financial Institutions & Services

HSBC acquisition inherits suitability of advice failings

In its largest ever retail fine of £10.5million imposed on HSBC Bank Plc (HSBC), the FSA has once again sought to remind ...

23-Nov-2011  |  Banking & Finance, Restructuring & Corporate Recovery

Finance Update - November 2011

Welcome to Taylor Wessing's November 2011 Finance Update summarising what we think are the more interesting recent legal ...

11-Nov-2011  |  Financial Institutions & Services, Litigation & Dispute Resolution

Failings and foreseeability

FSA claims second wealth management scalp in two weeks On 8 November, the FSA fined Coutts & Company ("Coutts") ...

01-Nov-2011  |  Banking & Finance, Financial Institutions & Services, Litigation & Dispute Resolution

Financial Disputes Update - November 2011

Welcome to the second edition of the Taylor Wessing financial disputes and contentious regulatory newsletter. Every quarter, we ...

31-Oct-2011  |  Banking & Finance, Restructuring & Corporate Recovery

Finance Update - October 2011

Welcome to Taylor Wessing's October 2011 Finance Update summarising what we think are the more interesting recent legal ...

31-Oct-2011  |  Banking & Finance, Financial Institutions & Services, Litigation & Dispute Resolution

Routine FSA visit leads to £5.95m fine: Lessons to be learned

A routine visit by the FSA to Credit Suisse (UK) Limited ("Credit Suisse") in December 2009 has resulted in the ...

19-Oct-2011  |  Banking & Finance, Financial Institutions & Services

Court of Appeal stops short of confirming anonymity for bank employees reporting POCA suspicions

Shah and Another v HSBC Private Bank (UK) Limited As reported in our earlier eAlert, the High Court previously held that public ...

14-Oct-2011  |  Financial Institutions & Services

Asserting privilege in FSA Investigations

Organisations subject to an FSA investigation are often nervous about refusing to provide privileged information to the regulator ...

27-Sep-2011  |  Banking & Finance, Restructuring & Corporate Recovery

Finance Update - September 2011

Welcome to the September 2011 Finance Update summarising what we think are the more interesting recent legal developments in ...

14-Sep-2011  |  Capital Markets, Corporate, Financial Institutions & Services

Takeover code amendments effective from 19 September 2011

Following the controversy and political interest prompted by the Kraft Foods Inc. takeover of Cadbury plc, the long awaited ...

12-Jul-2011  |  Banking & Finance, Financial Institutions & Services, Litigation & Dispute Resolution

Financial Disputes Update - July 2011

Welcome to the first edition of the Taylor Wessing financial disputes and contentious regulatory newsletter. Every quarter, we ...

08-Jul-2011  |  Banking & Finance, Financial Institutions & Services

Why is a banker like a police informant?

The high court has recognised the importance of protecting the identity of employees reporting suspicions under the Proceeds of ...

22-Jun-2011  |  Life Sciences & Healthcare, Litigation & Dispute Resolution, Pharmaceutical Law

Clause with teeth: Rights of First Refusal and Liability Caps

Right of first refusal clauses are by no means uncommon in commercial contracts.  But they are relatively rarely ...

21-Jun-2011  |  Banking & Finance, Financial Institutions & Services, Restructuring & Corporate Recovery

Finance Update - June 2011

Welcome to the June edition of Finance Update. This month we look at: Execution of documentsMAC clause used to accelerate a ...

03-Jun-2011  |  Litigation & Dispute Resolution

Open Offers - Navigating the Part 36 Minefield

CPR Part 36 ("Part 36"), under which litigants can make formal settlement offers for costs protection has given rise to ...

20-May-2011  |  Capital Markets

FSA enforcement of white-collar crime

Shane Gleghorn and Paul Glass have contributed an article to Financier Worldwide's Fraud and White-collar Crime Global Reference ...

18-May-2011  |  Banking & Finance, Financial Institutions & Services, Restructuring & Corporate Recovery

Finance Update - May 2011

Welcome to the May edition of Finance Update. We hope you like the new look. This month we look at: Be careful what you say – ...

21-Apr-2011  |  Banking & Finance, Financial Institutions & Services, Restructuring & Corporate Recovery

Finance Update - April 2011

Welcome to the April issue of Finance Update. This month we look at: Effect of solicitor's undertaking in insolvencyMortgages: ...

16-Feb-2011  |  Banking & Finance, Financial Institutions & Services, Restructuring & Corporate Recovery

Finance Update - February 2011

Welcome to the February issue of Finance Update. This month we look at: Negligent legal advice: Extent of the lawyers’ ...

14-Feb-2011  |  Employment & Pensions, Litigation & Dispute Resolution

In the dark about Bribery?

Corruption and ethics lawyers at international law firm Taylor Wessing have today launched a brand new website to help companies ...

20-Jan-2011  |  Banking & Finance, Financial Institutions & Services, Restructuring & Corporate Recovery

Finance Update - January 2011

Welcome to the January issue of Finance Update. This month we look at: Changes Proposed to security registration ...

17-Dec-2010  |  Banking & Finance, Capital Markets, Financial Institutions & Services, Restructuring & Corporate Recovery

Finance Update - December 2010

Welcome to the December issue of Finance Update. This month we look at: Pensions: What is the effect of Financial Support ...

16-Dec-2010  |  Banking & Finance, Capital Markets, Financial Institutions & Services, Restructuring & Corporate Recovery

Restructuring & Corporate Recovery Update - December 2010

Welcome to the December issue of Restructuring & Corporate Recovery Update. In this issue we look at: Pensions: What ...

02-Dec-2010  |  Banking & Finance, Financial Institutions & Services

The Second E-money Directive: Fast forwarding change and industry expansion

The Second Electronic Money Directive must be transposed into UK law by 30 April 2011. HM Treasury has issued a Consultation ...

11-Nov-2010  |  Banking & Finance, Capital Markets, Financial Institutions & Services, Restructuring & Corporate Recovery

Finance Update - November 2010

Welcome to the November issue of Finance Update. This month we look at: Intercreditor Arrangements: make sure they provide the ...

13-Oct-2010  |  Banking & Finance, Capital Markets, Financial Institutions & Services, Restructuring & Corporate Recovery

Finance Update - October 2010

Welcome to the October issue of Finance Update. This month we look at: Guarantees – check your drafting Subrogation can save ...

15-Sep-2010  |  Banking & Finance, Capital Markets, Financial Institutions & Services, Restructuring & Corporate Recovery

Finance Update - September 2010

Welcome to the September issue of Finance Update. This month we look at: S123(2) - The Balance Sheet test - A bit of a ...

23-Aug-2010  |  Banking & Finance, Financial Institutions & Services

UK Listing Authority’s approach to reverse takeovers

Following the UK Listing Authority’s (“UKLA”) publication of revised guidelines on reverse takeovers under the Listing Rules ...

16-Jun-2010  |  Banking & Finance, Capital Markets, Financial Institutions & Services, Restructuring & Corporate Recovery

Finance Update - June 2010

Welcome to the June issue of Finance Update. This month we look at: Injunctions sought by Administrators: who should provide the ...

23-Apr-2010  |  Banking & Finance, Capital Markets, Restructuring & Corporate Recovery

Finance Update - April 2010

Welcome to the April issue of Finance Update.