Bank Mellat v HM Treasury $4bn Litigation Slated for October
The Bank Mellat Iranian sanctions litigation, which has been through both the UK Supreme Court and the European Union Court of Justice, is now…
Category: Banking & Finance
Multi-Million Pound Risk for Companies That Neglect AML
New regulatory requirements under the fourth EU Money Laundering Directive (MLD4) will encompass more sectors than ever before. Regardless of the UK’s EU membership,…
Brexit: Near-Term Negative for US Banks
"The surprising Brexit results, coming after recent polls indicated that a majority of UK citizens were in favour of remaining in the European Community,…
Brexit: What Will Change in Economic & Market Scenarios
The vote for Brexit is, we believe, likely to reinforce a recent loss of momentum in parts of the UK economy. We believe the…
What Does the Brexit Decision Mean for TTIP?
Following the referendum, Brexit is about to become a reality. Myriad negotiations will ensue to determine how a future trade between Britain and the…
Brexit: PwC’s Insight into Banking & Fintech Sectors
Simon Hunt, UK head of banking and capital markets at PwC, commented: "The UK is one of the world’s leading financial centres. The banking…
IBA Issues Practical Guide on Business & Human Rights for Business Lawyers
The International Bar Association (IBA) has endorsed ground-breaking guidance for business lawyers on how to practice law with respect for human rights. On 28…
Law Firms’ Bank Debts Jump as Profession Goes for Growth
Law firms’ bank debts have jumped 36% in the past year, from an average of £28,000 to £38,000 per equity partner, as the profession…
US Bill Could Allow 9/11 Victims to Sue Saudi Officials
The US senate has passed a bill allowing the families of 9/11 victims to file lawsuits against Saudi officials believed to be involved. Although…
Insurers Escape Paying NHS Tens of Millions in Costs Due to Outdated Legislation
The insurance industry is failing to pay the NHS tens of millions of pounds in costs of patient care due to inadequate and outdated…