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  • July 12, 2012 |

    That escalating Libor scandal – a great big wind, but not an ill one for lawyers

    "Law firms are having a field day on Libor," comments a London litigation head at a US law firm, summing up the private mood in the week following Barclays' admission to manipulating global interest rates. Even for banking advisers grown used to continually expanding levels of contentious and regulatory work from institutional clients, the furore in the wake of the bank's announcement that it had agreed a $450m (£290m) settlement looks to kick things up to a whole new level, legally speaking

    1 minute read

  • July 8, 2012 |

    CC takes on double Libor role for Barclays and RBS with Chinese wall

    Clifford Chance (CC) is advising both Barclays and the Royal Bank of Scotland (RBS) on the fallout from the Libor scandal, with a Chinese wall set up to avoid potential conflicts. The magic circle firm has been instructed as UK counsel to Barclays alongside US firm Sullivan & Cromwell, which recently advised the bank on its multimillion-dollar settlement with US regulators for interest rate manipulation and false accounting charges.

    1 minute read

  • June 28, 2012 |

    Sullivan leads for Barclays on $450m fine for interest rate manipulation

    Sullivan & Cromwell has taken the lead role for Barclays on its $450m (£290m) settlement over charges that it attempted to manipulate interest rates and made false reports to benefit its derivatives trading positions, reports The Blog of Legal Times. The US Commodity Futures Trading Commission (CFTC) and the Department of Justice (DoJ) Criminal Division brought the charges against the bank, with $200m (£130m) of the penalty going to resolve the CFTC's civil case — the agency's biggest-ever fine — and $160m (£100m) to settle the DoJ fraud case.

    1 minute read

  • June 21, 2012 |

    Shearman appoints trio of regional leaders for EMEA, Americas and Asia

    Shearman & Sterling has overhauled its leadership structure, introducing three regional managing partner positions for EMEA, the Americas and Asia.

    1 minute read

  • June 14, 2012 |

    Corporate Team of the Year: Al Tamimi & Company

    Coca-Cola's landmark acquisition of a 50% stake in Saudi Arabian company Aujan Industries' beverage brands and a 49% stake in its bottling and distribution assets provided Al Tamimi & Company's corporate team with plenty of opportunities to shine.

    1 minute read

  • June 14, 2012 |

    Transport, Energy and Infrastructure Team of the Year: Herbert Smith

    Herbert Smith's highlight deal in the category of Transport, Energy and Infrastructure Team of the Year was its work advising on the financing of the $1.5bn (£900m) Shuweihat 3 independent power plant (IPP) project in Abu Dhabi.

    1 minute read

  • June 14, 2012 |

    Property and Construction Team of the Year: Pinsent Masons

    The judging panel was impressed with Pinsent Masons' work advising China Petroleum Engineering & Construction Corporation (CPECC) on the engineering, procurement and construction of the Habshan-Fujairah Pipeline, which runs from Habshan, in Abu Dhabi, to Fujairah.

    1 minute read

  • June 14, 2012 |

    Banking, Finance and Restructuring Team of the Year: Allen & Overy

    The Government of Dubai's request in November 2009 for a six-month standstill agreement on Dubai World's debt repayments heralded a new phase of the global credit crisis.

    1 minute read

  • June 14, 2012 |

    Learning the ropes - reflections on entering the London legal market

    Ropes & Gray's Maurice Allen reflects on how the London legal market has changed since the firm's entry

    1 minute read

  • June 7, 2012 |

    Partners cite leadership failures as main contributor to Dewey demise

    Partners believe more law firm collapses are on the cards as Dewey's failure is put down to bad management decisions rather than the state of the global economy. Alex Novarese reports

    1 minute read