Regulation

Mayer Brown and Latham lead on $8.5m Ernst & Young settlement

By Legal Week | December 21, 2009

Mayer Brown and Wilmer Cutler Pickering Hale and Dorr have taken roles advising Ernst & Young (E&Y) in settlement talks with regulators over the accounting firm's failure to report fraudulent activity at one of its clients, reports The Am Law Daily. The Securities and Exchange Commission (SEC) had accused E&Y of issuing unqualified audit opinions that said that Chicago-based company Bally Total Fitness's 2001 and 2003 financial statements conformed with US accounting rules.

1 minute read

Sidley makes up one new City partner in 15-strong promotions round

By Legal Week | December 11, 2009

Sidley Austin has handed 15 lawyers partnership in its annual promotion round, with one partner made up in the top 10 US law firm's City arm. Commercial litigator Steven Pitt is the only partner Sidley has promoted outside of the US, becoming the 41st partner in its UK office. The firm's UK practice was also recently expanded by the arrival of securities partner Bart Capeci from Allen & Overy.

1 minute read

Ashurst seals HK boost with DLA team hire

By Legal Week | December 8, 2009

Ashurst is set to boost its Hong Kong office with the hire of a four-lawyer team from DLA Piper, including the head of its Asia financial regulatory practice. Structured finance partner Peter Kwon will join Ashurst in January along with three associates to launch a Hong Kong securities and structured finance practice.

1 minute read

FRC encourages changes to corporate governance

By Legal Week | December 8, 2009

It is hardly surprising that corporate governance should come under scrutiny in the wake of the experience of critical loss and failure throughout the banking sector. Now Sir David Walker has published his final recommendations and the Financial Reporting Council (FRC) has reported on its review of the Combined Code and it is possible to see some changes in emphasis and practise. But there is still uncertainty about how the changes will be put into practise and their effect. Although remuneration was the main focus of attention when the Walker Report was published, it deserves an article to itself and this article looks at some of the other trends and unanswered issues.

1 minute read

Financial Bill produces more heat on banks but not much light

By Legal Week | November 26, 2009

For all the practical good it will do, it seems that the greatest significance of the new Financial Services Bill is in illustrating the current state of the increasingly ill-tempered policy debate over how to reform and monitor banks. Since the summer there has been growing evidence that banks are driving towards - and increasingly lobbying for - a return to business as usual, while politicians are responding to mounting anger from the public over the excesses of the City.

1 minute read

International Edition

Financial Bill produces more heat on banks but not much light

By Legal Week | November 26, 2009

For all the practical good it will do, it seems that the greatest significance of the new Financial Services Bill is in illustrating the current state of the increasingly ill-tempered policy debate over how to reform and monitor banks. Since the summer there has been growing evidence that banks are driving towards - and increasingly lobbying for - a return to business as usual, while politicians are responding to mounting anger from the public over the excesses of the City.

1 minute read

Winston & Strawn opens new offices in Beijing and Shanghai with Bakers partner hire

By Legal Week | November 19, 2009

Winston & Strawn has boosted its Asia presence with two new offices in Beijing and Shanghai, reports The Am Law Daily. The firm has recruited Xiangyang Ge from Baker & McKenzie to lead the Shanghai base. Ge, who was head of Bakers' China regulatory team, focuses on foreign investment work as well as cross-border M&A.

1 minute read

Italy: Protect the little guy

By Legal Week | November 4, 2009

On 3 August 2009, Consob (the Italian securities market regulator) issued a new consultation document to regulate related party transactions carried out by listed companies and companies that issue financial instruments widely distributed among the public. The expiry date for public comment was 31 October 2009. Even though final rules might differ from those proposed, companies may wish to become familiar with the new regulations so as to plan future implementation appropriately.

1 minute read

Linklaters signs up Spanish public law partner from CMS member firm

By Legal Week | October 23, 2009

Linklaters has bolstered its Spanish public law and regulated sectors practice with the hire of Jose Gimenez from CMS Albinana & Suarez de Lezo. Gimenez will join Linklaters' Madrid arm as a partner next week (26 October) and will head up the firm's public law and regulated sectors practice.

1 minute read

A fair trade

By Legal Week | October 20, 2009

Alastair Mordaunt tells Alex Aldridge why he has no regrets about leaving Freshfields for the OFT - and how a stint in the public sector can do wonders for your CV...

1 minute read

Law.com

Compliance Briefing: PCAOB Is Sued by Its Ex-Risk Officer | Large Firms Seek Out Regulatory Lawyers | Who Got the Work | SEC Whistleblower Chief's Leaving | Morgan Lewis Partner Picked for DOJ Criminal Division Head

By Mike Scarcella | April 13, 2021

Welcome to Compliance Hot Spots, our weekly snapshot on white-collar, regulatory and compliance news and trends.

1 minute read

Legaltech News

FATF Guidance of NFT, DeFi and Digital Assets: Void for Vagueness?

By Kristin Boggiano, CrossTower and Annemarie McAvoy, Clovis Quantum Solutions | April 12, 2021

The Financial Action Task Force's recent guidance could have a major effect on DeFi and NFTs where, up to now, there has been little or no international coordination for regulating these areas of innovation. But is the guidance too vague for the average reasonable citizen to understand?

1 minute read

Law.com

Labor of Law: O'Melveny Brings Back Greg Jacob, Counsel to Pence | Cozen's Jennifer Taylor Thrives on Mentorship | New Covid-19 Lobbying

By Mike Scarcella | April 8, 2021

Welcome to Labor of Law, our labor and employment dispatch spotlighting big cases, key issues and developing trends.

1 minute read

Texas Lawyer

Is Uber Blind?

By Aron Solomon | April 7, 2021

In the 11 years since Uber's founding, the company has faced a range of serious legal issues, foremost among them include inadequate insurance coverage, unlicensed drivers, poor hiring and retention practices, and every safety issue one could possibly imagine.

1 minute read

Daily Business Review

Miami Lawyer Leads Startup's COVID-19 Screening Device to FDA Approval

By Raychel Lean | April 6, 2021

"At the end of the day, what got this done was the quality of the device and the extraordinary amount of data that they had supporting the device. Without that, you could be the greatest lawyer in the world and you're not getting that job done," Miami attorney Andrew S. Ittleman said.

1 minute read

The Recorder

Former Washington State US Attorney Rejoins Orrick in Seattle

By Dylan Jackson | April 5, 2021

"I think we're going to see a regulatory environment like we've never seen in the last four years," Brian Moran said.

1 minute read

Texas Lawyer

OSHA Emphasizes Enforcement Effort for COVID-19 Hazards in Certain Industries

By Taylor E. White | April 4, 2021

Employers in OHSA-targeted industries need to plan and be ready for what is likely to be an intense enforcement effort related to COVID-19 hazards in the workplace.

1 minute read

Law.com

Higher Law: Early Thoughts on NY Cannabis | K&L Gates Expands Cannabis Lobbying | MoFo Advises Greenlane

By Cheryl Miller | April 1, 2021

Welcome back to Higher Law, our weekly briefing on all things cannabis. No April fools: New York finally has an adult-use marijuana law on the books. Scroll down for what lawyers are saying. Thanks for reading!

1 minute read

Legaltech News

A Balancing Act: Mitigating Data Privacy Risks in Cross-Border Discovery

By Ryan Costello, ProSearch | March 31, 2021

Discovery requests implicating custodians and data outside the U.S. can potentially put organizations in a Catch-22: either fall short of their discovery obligations on the one hand or fall afoul of legislation in other nations prohibiting or limiting data collection and transfer to the U.S. on the other.

1 minute read

Texas Lawyer

Managing ESG Risks in the Aviation Industry

By Kevin Lewis, Bart Biggers and Heather Palmer | March 31, 2021

As environmental, social and governance-related issues continue to be a focus of investors and other stakeholders, we expect to see industry participants continuing to explore innovative ways to reduce their carbon emissions and mitigate ESG risks, say Kevin Lewis, Bart Biggers and Heather Palmer, attorneys with Sidley Austin.

1 minute read