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International Edition

FSA secures trophy conviction of ex-Cazenove partner

The Financial Services Authority (FSA) has secured its most significant conviction to date with former Cazenove partner Malcolm Calvert this week being convicted on five counts of insider dealing. The verdict yesterday (10 March) represented the FSA's most high-profile conviction and the third successful prosecution for insider dealing by the City regulator, which hailed the result as a "milestone".
3 minute read

International Edition

US briefing: Second acts

The 5 November 2009 was a good day for the Securities and Exchange Commission (SEC). At a press conference with the US attorney's office in Manhattan, new SEC enforcement director Robert Khuzami announced that his agency was bringing civil charges against 13 people associated with the Galleon Group insider trading scandal. In the post-Madoff era, it was a chance for the SEC to show that it is back on the beat, aggressively policing the securities markets. And it was an opportunity for Khuzami, who can mix financial crime gravitas with Jon Stewart-age ironical detachment, to set a different tone.
15 minute read

International Edition

UK top 50 trio appointed to first-ever Ofwat legal panel

Water and sewerage regulator Ofwat has finalised its first-ever external legal panel, appointing three firms to the roster. Addleshaw Goddard, Norton Rose and Wragge & Co have all won spots on the panel, with the trio appointed following a tender process that kicked off in November last year.
2 minute read

International Edition

Morgan Stanley's top legal officer steps down from role

Morgan Stanley's chief legal officer is stepping down as the financial services firm overhauls its legal department to better confront new government regulations, reports Corporate Counsel. Gary Lynch - a former executive vice chairman at Credit Suisse and partner at US law firm, David Polk & Wardwell - will retain the position of vice chairman in London, where he has been based since May.
2 minute read

International Edition

DLA loses five-strong Vienna team including office managing partners

DLA Piper is to see five partners leave its Vienna office, including the office's joint managing partners Stefan Eder and Wieland Schmidt-Schmidsfelden. The team, which also includes finance partner Martin Geiger, regulatory and litigation partner Ivo Deskovic and corporate partner Peter Solt, are expected to launch their own firm in Vienna.
2 minute read

International Edition

Will the FSA step up regulation as Sants steps down?

On 9 February 2010, the Financial Services Authority (FSA) announced that Hector Sants, the FSA's CEO, will stand down in the summer. He will have held the role for three years in July, leading the FSA through a time of extraordinary challenges for financial institutions and their regulators alike. As yet, Sants' successor has not been selected, but financial institutions, their advisers and commentators are wondering what impact a change of leader might have on the FSA's policies and approach to regulation.
4 minute read

International Edition

Herbert Smith adds partner to financial regulatory team with Lloyds hire

Herbert Smith has bolstered its financial regulatory practice with the hire of Lloyds Banking Group's head of group regulatory. Jenny Stainsby is set to join the top 10 City firm as a partner in the financial services regulatory (FSR) and bank litigation teams in May. She will work closely with the firm's FSR head Martin Hopper and disputes head Sonya Leydecker.
2 minute read

International Edition

SFO recruits former Morgan Lewis City chief

The former London managing partner of Morgan Lewis, Bob Goldspink, has been appointed as a non-executive director of the Serious Fraud Office (SFO). The high-profile litigator retired from Morgan Lewis at the end of September after 12 years at the US firm. He had been managing partner of the firm's City office since 2004.
2 minute read

International Edition

Bingham to launch London antitrust practice with McDermott partner hire

Bingham McCutchen is set to launch a London antitrust practice with the hire of a McDermott Will & Emery partner in the City. Davina Garrod, who heads up McDermott's London hedge fund practice, will join Bingham in the next two months as the first European-based partner in the firm's antitrust and trade regulation practice group.
2 minute read

International Edition

Mishcons set for New York litigation launch with hire of 15-strong team

Mishcon de Reya has launched in New York with the hire of a team of lawyers from US firm Sheppard Mullin Richter & Hampton. The surprise move will see a 15-strong team of lawyers and support staff set up shop in the highly competitive New York litigation market, headed up by white collar litigator Jim McGuire.
2 minute read

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