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  • December 5, 2007 |

    Money laundering: A guiding light

    On 15 December, 2007, the Money Laundering Regulations 2007 will come into force. This article focuses on the new customer due diligence (CDD) requirements on the beneficial owner of the client. It considers relevant passages from the Law Society practice note on the regulations, for which the Law Society has applied for Treasury approval. If this approval is given, an English court will have to consider compliance with that guidance when assessing whether a criminal offence had been committedunder the regulations. However, a decision on such approval is not expected before spring next year.

    1 minute read

  • December 4, 2007 | International Edition

    Shearman Frankfurt chief in role switch

    Shearman & Sterling's Frankfurt managing partner, Stephen Hutter, is standing down from the management position to take on a new role as head of the firm's Europe & Asia capital markets practice. Hutter, who joined the Frankfurt office in 1992 and has headed up the local operation since 1995, will take on the new role on 1 January, 2008. Dusseldorf tax consultant Reinhard Stockum is expected to replace him as head of the Frankfurt office.

    1 minute read

  • December 4, 2007 |

    Shearman Frankfurt chief in role switch

    Shearman & Sterling's Frankfurt managing partner, Stephen Hutter, is standing down from the management position to take on a new role as head of the firm's Europe & Asia capital markets practice. Hutter, who joined the Frankfurt office in 1992 and has headed up the local operation since 1995, will take on the new role on 1 January, 2008. Dusseldorf tax consultant Reinhard Stockum is expected to replace him as head of the Frankfurt office.

    1 minute read

  • November 28, 2007 |

    Republic of Ireland: Luck of the Irish

    Ireland's commercial court played a pivotal role in October 2007 in the completion of the A5.7bn (£4.1bn) merger between German-listed banks DePfa Bank and Hypo Real Estate Holding in the most valuable corporate merger ever completed in Ireland.

    1 minute read

  • November 21, 2007 |

    That failed bid for Sainsbury's: making life taste bitter

    When Skadden Arps Slate Meagher & Flom won the lead role on the Qatar Investment Authority's (QIA's) £10.6bn bid for Sainsbury's through Delta Two, the mandate was understandably seen as a coup for the US firm's City arm. But with the deal's last-minute implosion there are recriminations and some questioning of the tactics of the bidders; where did it all go wrong for what looked like one of the most daring European deals of the year?

    1 minute read

  • November 21, 2007 |

    Bluechips recruit top GCs

    A&O heavyweight takes position as BG Group general counsel; US in-house trio cause waves in Silicon Valley; and 3i hires GE man Dunn to take over top legal role. Michelle Madsen reviews the latest key in-house moves

    1 minute read

  • November 15, 2007 | International Edition

    Freshfields and A&O latest to enter US bonus war

    Freshfields Bruckhaus Deringer and Allen & Overy have become the latest firms to announce they will be paying one-off bonuses to their New York associates. Both firms have met market rates, with associates at Freshfields to be given from $10,000 (£4,900) to $50,000 (£24,400) depending on seniority, in addition to the firm's scheduled bonus of between $35,000 (£17,000) and $65,000 (£31,700). The special bonus will be paid at the end of this month, with a year-end bonus being paid on 31 December.

    1 minute read

  • November 15, 2007 |

    Freshfields and A&O latest to enter US bonus war

    Freshfields Bruckhaus Deringer and Allen & Overy have become the latest firms to announce they will be paying one-off bonuses to their New York associates. Both firms have met market rates, with associates at Freshfields to be given from $10,000 (£4,900) to $50,000 (£24,400) depending on seniority, in addition to the firm's scheduled bonus of between $35,000 (£17,000) and $65,000 (£31,700). The special bonus will be paid at the end of this month, with a year-end bonus being paid on 31 December.

    1 minute read

  • November 14, 2007 |

    Linde prepares for second panel review of 2007

    Gas giant Linde is set to overhaul its roster of external counsel for the second time this year following the departure of general counsel Nick Deeming.

    1 minute read

  • November 14, 2007 |

    Nokia in international search for legal head

    Mobile phone giant Nokia has embarked upon a far-reaching search for its new head of legal, following the death of legal chief Carl Belding in September.

    1 minute read