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International Edition

The brave new world of outcomes-focused regulation has yet to live up to its promise

Lack of communication at the SRA means flexible regulatory system is all at sea, says Andrew Hooper
5 minute read

International Edition

Aggressive tactics of 'global policemen' in focus as companies warn of regulatory creep

Even for an event featuring such varied and attention-grabbing topics as the implosion of the euro, illicit videos of pop stars and the underside of press ethics, there was no doubt which issue dominated Legal Week's Corporate Governance and Risk Forum.
6 minute read

International Edition

Competitive edge – the impact of new competition legislation in Guernsey

The Competition (Guernsey) Ordinance 2012, which came into effect on 1 August, is modelled largely on the Jersey legislation and is designed to facilitate a common approach to implementation. However, Guernsey has taken note of some of the more contentious aspects of the Jersey law – which has been in force since 2005 – and has chosen to adopt a different approach on some issues.
9 minute read

International Edition

Regulation does not mean the regulated are not trusted: rules engender confidence

A BBC commentator put it to the recently appointed KPMG senior partner that regulation is only required because trust in the City community has gone. This has been a developing theme in the aftermath of Libor and other failures in governance, but is a question that extends to organisations, communities and businesses well beyond the City.
5 minute read

International Edition

Freshfields and Linklaters lead on Barclays takeover of ING Direct UK

Freshfields Bruckhaus Deringer and Linklaters have won lead roles on Barclays' takeover of ING Direct UK, the British online banking arm of Dutch company ING.
2 minute read

International Edition

News Corp hires ex-WilmerHale and Davis Polk lawyers in compliance push

News Corporation has appointed five group chief compliance officers (GCCOs) in a shake-up of its global compliance structure, including an ex-US federal prosecutor and a former lawyer at the Securities and Exchange Commission (SEC). The new compliance structure will be headed up by the recently installed group GC and chief compliance officer Gerson Zweifach, who was brought in this February to steer News Corp's efforts to shake up its governance following the phone-hacking scandal.
3 minute read

International Edition

Quality controllers – the changing role of GCs at investment banks

"You won't be surprised to hear that it has been really busy," says Richard Hennity, general counsel of HSBC Holdings, of life at the bank's 75-strong legal group.
8 minute read

International Edition

Norton Rose and Simpson act on C$1.1bn Apax Canada acquisition

Norton Rose and Simpson Thacher & Bartlett are among a line-up of firms on Apax Partners' C$1.1bn (£700m) acquisition of Canadian company GardaWorld Security Corporation.
2 minute read

International Edition

New SFO director revamps agency to secure post-Tchenguiz survival

Even by the standards of an organisation as regularly publicly lambasted as the Serious Fraud Office (SFO), the damning High Court verdict of its investigation into property tycoons Robert and Vincent Tchenguiz was humiliating.
6 minute read

International Edition

SEC makes first whistleblower payout under post-crunch reforms

The US Securities and Exchange Commission (SEC) has made the first payout from its new whistleblower programme under the post-crunch Dodd-Frank reforms, reports Corporate Counsel. The $50,000 (£31,000) payout was made to an unidentified person who helped stop a multimillion-dollar financial fraud. The law prohibits the agency from releasing details that could identify the claimant.
3 minute read

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