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International Edition

SJB recruits partners in Frankfurt and Madrid

SJ Berwin has announced two lateral partner hires for its continental European offices, one of which marks the launch of its new Frankfurt litigation practice. The firm has recruited litigation partner Francis Bellen to help establish the new Germany team, and is also strengthening its nine-partner Madrid practice with the addition of finance partner Joaquin Sales.
2 minute read

International Edition

Herbert Smith sets September date for US launch as firm finalises new hires

Herbert Smith has pushed back its New York launch from July to September, as details begin to emerge about the firm's new US base. The UK top 10 firm has delayed the opening of the new office - which was originally set to go live in July this year - due to the summer holidays, as discussions with hires near completion.
2 minute read

International Edition

SFO weighs up criminal prosecutions for Libor interest rate rigging

The Serious Fraud Office (SFO) is considering bringing criminal prosecutions against bankers involved in the Libor interest rate rigging scandal, it emerged today (2 July). Chancellor George Osborne announced last week that the Financial Services Authority (FSA) was not able to impose criminal sanctions for the manipulation of Libor - the benchmark interest rates used in financial markets around the world - due to the limited scope of its criminal powers.
2 minute read

International Edition

Quinn Emanuel in line to advise on multimillion-pound Barclays claims

Quinn Emanuel Urquhart & Sullivan is set to pick up several lucrative instructions from insurance companies and other financial institutions looking to sue Barclays Bank in relation to its LIBOR interest rate manipulation. Finance litigator Robert Hickmott, who joined the firm in 2010 from CMS Cameron McKenna, is leading London and New York-based teams currently advising "a handful" of potential claimants across the financial sector.
3 minute read

International Edition

A&O secures partner buy-in to continue worldwide push

Allen & Overy (A&O) is set to push ahead with its expansive international strategy after partners gave broad backing to management at the magic circle firm's conference last month.
2 minute read

International Edition

A measure of success - best briefings of the past three months on Legal Week Law

Since our first briefings round-up three months ago, many of the key issues affecting in-house legal teams, such as the eurozone crisis, data protection laws and commercial litigation, have developed or taken on radically new directions. Elsewhere, a number of high-profile cases and judgments have tested basic legal concepts, notably in employment and contract law.
4 minute read

International Edition

India's decision to recognise Chinese arbitral awards is a bold step – but what happens next?

Increasingly active self-promotion will see Hong Kong make further inroads as a favoured arbitration venue
1 minute read

International Edition

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.
4 minute read

International Edition

One Essex Court and 39 Essex Street set for Singapore as market opens up

One Essex Court and 39 Essex Street have both announced plans to open in Singapore, as internationalisation continues to rise up the agenda for the Bar. Both chambers are set to open in the region after sending delegations to Singapore earlier this year to meet with local government and discuss moves to relax rules for foreign counsel.
2 minute read

International Edition

A new dawn in London

Talk of regulation and the supposed threat of emerging markets should not deter offshore law firms from setting up camp in the British capital, say Walkers' Deborah Poole and Alexandra Corner
7 minute read

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