Regulation

Tales from the frontline - in-house lawyers discuss fraud and regulation trends

By Legal Week | October 20, 2010

In-house lawyers involved in recent high-profile fraud investigations swap war stories and discuss new enforcement trends at Legal Week's Corporate Counsel Forum Europe...

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Primary concerns - in-house lawyers lobby against shake-up of share offering regulation

By Alex Aldridge | October 13, 2010

The decision to split the Financial Services Authority (FSA) between the Bank of England and a new Consumer Protection and Markets Authority (CPMA) was greeted unenthusiastically by lawyers, many of whom questioned the need for such upheaval given the FSA's improved performance over the last couple of years. Now a further plan to extract the UK Listing Authority (UKLA) from the FSA and relocate it within the Financial Reporting Council (FRC) is generating another wave of discontent.

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EU derivative reforms: the shape of things to come

By Legal Week | October 13, 2010

On 15 September, the second anniversary of Lehman Brothers' bankruptcy no less, the European Commission published draft legislation overhauling the regulation of Europe's over-the-counter (OTC) derivatives market. The proposed legislation covers all OTC derivative contracts entered into by European Union-domiciled financial and non-financial institutions. It contains a framework for centrally clearing most standardised derivative contracts and scrutinising and controlling those which are not; beefy regulation of central counterparties (CCPs) and trade repositories; and strict reporting requirements to those newly-created trade repositories.

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Kicking the tyres - how to avoid falling foul of US anti-corruption laws

By Legal Week | October 6, 2010

Corporate buyers beware. That's the advice of Billy Jacobson, co-general counsel at Weatherford International. When a US company is planning to acquire an overseas business, it should do a thorough check for evidence of corruption, he says. If the deal goes through and prosecutors later find violations of the Foreign Corrupt Practices Act (FCPA), the acquirer could be hit with criminal charges, as well as face multimillion-dollar penalties.

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Latham launches corporate jargon iPhone app for deal lawyers

By Legal Week | September 15, 2010

Latham & Watkins has launched a new iPhone application which provides deal lawyers easy access to a digital glossary of financial, legal and regulatory jargon, reports The Am Law Daily. The new app, called The Book of Jargon, offers free access to more than 750 definitions of corporate and finance slang and terminology.

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JP Morgan recruits BoA legal veteran for new banking reform brief

By Legal Week | September 10, 2010

JP Morgan Chase & Co has appointed a senior banking lawyer to a newly-created brief to deal with a raft of financial regulatory reforms occurring around the world, writes Corporate Counsel. The US banking group this week (8 September) announced the hire of Gregory Baer, a deputy general counsel at Bank of America Corporation, to the new post. In a memo to staff, JP Morgan general counsel Stephen Cutler wrote that Baer will be joining the firm at the end of September as managing director and general counsel for corporate and global regulatory. Baer will report to Cutler while splitting his time between New York and Washington DC.

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Austria's Schoenherr launches compliance and white-collar crime practice

By Suzi Ring | September 8, 2010

Austria's Schoenherr has launched a dedicated compliance and white-collar crime practice in response to an increase in client demand. The new practice will be led by partners Wolfgang Hoeller and Heidemarie Paulitsch, and will specialise in advising companies that have been damaged by criminal activities and face criminal liability.

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Switzerland: Letting the outside in

By Suzi Ring | September 8, 2010

Switzerland's legal market has long been dominated by domestic law firms but recent changes in the banking sector and in financial legislation are encouraging a more international outlook, says Suzanna Ring

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Norton Rose hires Linklaters practice chief for Italy antitrust launch

By Suzi Ring | September 7, 2010

Norton Rose is set to launch an antitrust, regulatory and competition practice in Italy with the hire of Linklaters' competition and antitrust head in the country. Andrea Zulli, who was a managing associate in Linklaters' Milan base, will join Norton Rose's local office as a partner in the coming months. He relocated to the region from London in May 2009 to launch a competition and antitrust practice for Linklaters.

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Betting the pharma - Astellas GC Jerry Temko on the 'perfect storm' in the pharmaceuticals industry

By Alex Aldridge | September 1, 2010

Most in-house counsel have spent the recession attempting to maintain standards in the face of reduced resources. But Jerry Temko, general counsel and chief compliance officer of the European arm of Japanese pharmaceutical giant Astellas, has been very much in proactive mode. The credit crunch and subsequent economic crisis didn't change Temko's robust pursuit of breaches of patents and licensing contracts - in fact, if anything, it has strengthened resolve to police the company's intellectual property (IP). The strategy has paid off: during the last five years Astellas has recovered over ‚Ǩ10m (£8.2m) in patent damages from generic pharma companies and in excess of ‚Ǩ6m (£4.9m) from change of control licensing events. "Generating these recoveries changes the role and perception of the legal team; it means we're not simply a cost centre," says Temko.

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The Recorder

9th Circuit Revives Suit Challenging California's Corporate Board Diversity Law

By Cheryl Miller | June 21, 2021

The challenged state law requires companies with six or more directors to have at least three women serving on each of their boards by the end of the year.

4 minute read

The Recorder

Mid-Year Check-Up: California's Prop 65 Continues To Evolve and Pose Burdens on Businesses

By Anne Marie Ellis | June 18, 2021

Despite the pandemic, 2020 was a record year for Proposition 65 filings.

5 minute read

The Recorder

Big Tech Be Warned: Lina Khan May Change Business Prospects Overnight and Bring a 'Flood of Business' for Antitrust Practices

By Bruce Love | June 18, 2021

Several lawyers said they expect the FTC to take a much more expansive view of antitrust law, bringing in more law firm business.

6 minute read

The Recorder

Former US Attorney McGregor Scott Joins King & Spalding

By Cheryl Miller | June 17, 2021

McGregor Scott, the former U.S. attorney for California's Eastern District, is following a steady stream of DOJ alumni to King & Spalding.

4 minute read

National Law Journal

MoloLamken Suit Claims New SEC Rule 'Guts' Shareholder Proposals

By Andrew Goudsward | June 16, 2021

"It does have some pretty significant impacts on the ability to bring these proposals," said plaintiff counsel Robert Kry.

4 minute read

New Jersey Law Journal

The Great Unwinding: Land Use and the End of the COVID-19 Health Emergency

By Edward W. Purcell | June 16, 2021

The first step toward getting back to "normal" is unwinding the layers of executive orders, rules, and statutes adopted during the last 16 months in response to the COVID-19 pandemic.

6 minute read

New Jersey Law Journal

Feds' Suit Alleges $30 Million Bitcoin Fraud Scheme

By ALM Staff | June 15, 2021

The U.S. Securities and Exchange Commission sued three defendants Tuesday in New Jersey District Court. The defendants are accused of engaging in a fraudulent…

1 minute read

Legaltech News

Nuix CEO and CFO Leaving Company as Regulatory Investigations Continue

By Victoria Hudgins | June 15, 2021

CEO Rod Vawdrey will step down and CFO Stephen Doyle has been terminated as investigations from regulators and law enforcement continue and its stock prices tumble.

2 minute read

Legaltech News

Dogs, Children and Cuckoo Clocks: UK Justice Reflects on Virtual Court Experiences

By Varsha Patel | June 15, 2021

Justice Sara Cockerill is the keynote speaker for Law.com's Dispute Resolution Forum Conference 2021, which begins tomorrow, June 16.

4 minute read

The Recorder

SEC Sues Alleged Broker Connected to Real Estate Ponzi Scheme

By ALM Staff | June 14, 2021

This suit was surfaced by Law.com Radar. Read the complaint here.

1 minute read