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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

Inside Counsel

Cracking down on fraudulent STD treatments

CNN, May 3, 2011
2 minute read

Inside Counsel

Regulatory: The Consumer Financial Protection Bureau

Meet the new boss; not the same as the old boss.
11 minute read

Corporate Counsel

FDIC's "Too Big to Fail" Rules Might Not Work

Analysts say the proposed rules might be too rigid and burdensome.
6 minute read

Inside Counsel

Regulatory: Blocking Minorities in the Senate

Regulatory policy battles today are reminiscent of those in the past.
4 minute read

Inside Counsel

Pediatricians seek change in lax toxic chemicals law

Chicago Tribune, April 24, 2011
1 minute read

Inside Counsel

News Roundup: April 18-22

Highlights of legal news during the week of April 18-22, 2011.
1 minute read

International Edition

US firms consider non-lawyer partnerships

The American Bar Association (ABA) is considering the inclusion of non-lawyers in US law firm partnerships ahead of the implementation of alternative business structures (ABS) in the UK. The ABA Commission on Ethics 20/20 launched a consultation earlier this month (5 April) seeking feedback on three potential forms of ABS for the US legal market. The proposals include capped non-lawyer partnerships similar to the UK's legal disciplinary partnerships (LDPs), which allow non-lawyers to form up to 25% of a firm's partnership; uncapped non-lawyer partnerships; and multidisciplinary partnerships, which allow firms to offer both legal and non-legal services.
2 minute read

International Edition

New regulation wreaks havoc on private equity houses' returns

The burden of regulatory compliance is causing "misery" for private equity houses, with associated legal and compliance costs eating into returns, according to Better Capital managing director Jon Moulton. Speaking at Legal Week's Private Equity Forum last week (13 April), Moulton said regulation such as the European Commission's Directive for Alternative Investment Fund Managers (AIFM), the forthcoming UK Bribery Act, the US' Dodd-Frank Act and carbon reporting requirements were causing undue problems for buyout houses.
3 minute read

International Edition

Kickbacks – does the Bribery Act deserve to be mired in controversy?

"Talk of golf days being banned and arrests at Wimbledon – that was all hype," says Barry Vitou, Pinsent Masons partner and co-author of thebriberyact.com, discussing the much-touted anti-corruption legislation that will finally come into effect later this summer. And the implementation of the Bribery Act has certainly been noticed; arguably not since the Human Rights Act 1998 has a piece of primary legislation with wide implications for companies attracted such sustained political controversy. In the wake of a fierce lobbying campaign from business groups claiming, in one case, that the Act would be like equivalent US legislation "on acid" – leading to extreme claims that even basic corporate hospitality would be banned under the legislation – the Ministry of Justice (MoJ) announced in January that the Act's implementation would be delayed from its target of April 2011.
26 minute read

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