Do members of an LLP owe a fiduciary duty to each other or to the LLP?
11 March 2012
Piercing the corporate veil: VTB Capital v Nutritek International
High Court refuses to let the corporate veil be pierced to allow contractual claims against non-contracting parties - declines to follow Antonio Gramsci Shipping Corp v Oleg Stephanovs
11 March 2012
Appointment of experts in corporate transactional documents: Cream Holdings v Davenport
Importance of agreeing engagement terms, as well as identity, of experts
9 March 2012
FSA finds corporate division of Bank of Scotland guilty of “very serious misconduct”
HBOS’s Corporate division lost control, didn’t know what it was doing, continued with flawed strategy as competitors exited and markets worsened
8 March 2012
EU proposes move to T+2 settlement and end of paper share certificates
Proposal for a Regulation on improving securities settlement in the European Union and on central securities depositories
8 March 2012
UKLA to stop giving guidance on a “no names” basis
FSA consultation on practice change that will see UKLA Helpdesk only help where the issuer is named
8 March 2012
Green Investment Bank to be in Edinburgh and London
HQ in Edinburgh but main transaction team in London
8 March 2012
List of banks working on Facebook IPO
5 March 2012
EU consults on mandatory quotas for women on boards
Justice Commissioner suggests quotas could be set at 20%, 30%, 40% or 60%
5 March 2012
Pension Regulator report on restructuring of Uniq plc and sale by its own pension scheme
Report emphasises that the solution to Uniq’s defined benefit scheme deficit will not be appropriate in most cases
3 March 2012
Masters of the Universe
Morgan Stanley banker charged with racism and assault after allegedly stabbing taxi driver
…shades of Sherman McCoy as multi-millionaire banker encounters New York cabbie.
Friendly Corporate PSL
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2 March 2012
FATCA
“Banking privacy is dead…The US government is the assailant, and FATCA is the murder weapon” – IRS reporting requirements for foreign financial institutions and U.S. taxpayers holding financial assets outside the United States
1 March 2012
Healthcare Locums fiasco: US hedge funds to sue company and three former directors
Latest development in tale of AIM company’s serious accounting regularities
1 March 2012
Two initiatives by European business lobby group to advance women in business
European Round Table of Industrialists launches database of women candidates for directorships, and 23 European companies publish targets for promotion of women
