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International Edition

Linklaters US derivatives chief exits to take new role at futures regulator

Linklaters' US structured finance and derivatives chief Gary Barnett has left the firm to take a newly-created role at the US Commodity Futures Trading Commission (CFTC). Barnett - who has spent seven years at the magic circle firm since joining in 2004 from Shearman & Sterling - has been appointed to head up the Division of Swap Dealer and Intermediary Oversight, a new subdivision of the CFTC charged with policing complex securities.
2 minute read

International Edition

Herbert Smith Asia managing partner leaving to join Hong Kong regulator

Herbert Smith's Asia managing partner is resigning to become chief executive officer of the Hong Kong Securities and Futures Commission (SFC), reports The Asian Lawyer. Ashley Alder is set to leave Herbert Smith - where he has been Asia head since 2005 - on 30 September, when he will take up the top job at the Hong Kong regulator.
3 minute read

International Edition

Firms and chambers to be required to publish diversity data on websites

The Legal Services Board (LSB) has approved controversial plans to force law firms and barristers' chambers to publish internal diversity and social mobility statistics on their websites. Firms and chambers will now have to publish data on their lawyers' socio-economic background, age, race, and gender on their websites, as well as information about disabilities. However, the LSB has stepped back from earlier proposals that would have included a requirement to provide details about religion or sexuality.
2 minute read

International Edition

CC adds partner to City regulatory team with senior Morgan Stanley hire

Clifford Chance (CC) has moved to boost its regulatory team with the hire of a partner from Morgan Stanley. The firm has recruited Monica Sah, who is currently managing director and head of international wealth management legal for Morgan Stanley Smith Barney across Europe, the Middle East, Africa, Asia and Australia.
2 minute read

International Edition

Seven-strong Hogan Lovells team exits firm's Munich office to join DLA

DLA Piper has bolstered its Munich office with the hire of a team of seven lawyers from Hogan Lovells. International arbitration counsel Thomas Gadtke and commercial and regulatory senior associate Thilo von Bodungen will join DLA as partners, with their start date yet to be confirmed.
2 minute read

International Edition

A&O to open up in Washington DC with hire of O'Melveny team

Allen & Overy (A&O) is to open its second office in the US, with the firm set to launch in Washington DC next month through a team hire from O'Melveny & Myers. The magic circle firm will open in Washington on 18 July with the hire of O'Melveny financial regulatory partners Barbara Stettner and Chris Salter and counsel Charles Borden, who will join A&O as a partner.
3 minute read

International Edition

A tender approach - reforms to Italy's takeover rules

Italy's market watchdog recently introduced major reforms to rules governing takeover bids. Freshfields' 
Luigi Verga and Francesca Flego report
8 minute read

International Edition

SFO handed 'stay of execution' as Govt delays decision on break-up

The Serious Fraud Office (SFO) has been granted a 12-month reprieve, with the Home Office set to confirm that it will delay making a decision on whether or not the body will be merged into a new National Crime Agency (NCA) until next year. Home Secretary Theresa May is expected to make the announcement later this afternoon (8 June), confirming that plans to separate the SFO's prosecution division from its investigatory function have been put on ice.
2 minute read

International Edition

Robinson's exit drives another nail into SFO's coffin

With its future hanging in the balance, last month's news of the departure of general counsel Vivian Robinson for US firm McGuireWoods is a blow the Serious Fraud Office (SFO) 
could have done without. Hired in 2009 to add some bite to the SFO's bark, Robinson is set to become the latest in a procession of senior officials to leave, with the departure described by one City litigator as another "nail in the coffin" for the SFO. Particularly following the losses of other senior names including fraud chief Robert Amaee and head of policy Charlie Monteith, who left to join the London offices of Covington & Burling and White & Case respectively.
4 minute read

International Edition

Mayer Brown adds partner to City regulatory team with BP hire

Mayer Brown has strengthened its London financial services regulation & enforcement (FSRE) group with the hire of a senior regulatory lawyer from BP's in-house legal team. Mark Compton, who is joining the firm as a partner, has a particular focus on advising on market abuse, anti-money laundering, economic sanctions and bribery, as well as compliance with the US Foreign Corrupt Practices Act.
2 minute read

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