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Results: 1-10 of 78

Financial Services Authority punishes failure to protect confidential customer information with hefty fines

  • Locke Lord LLP
  • -
  • United Kingdom
  • -
  • July 27 2009

On 22 July 2009 three HSBC companies: HSBC Life UK Ltd; HSBC Actuaries and Consultants Ltd; and HSBC Insurance Brokers Ltd, were fined £1.6m, £875,000, and £700,000 respectively by the UK Financial Services Authority (FSA

Hedge funds back down in Argentina claim after asset freeze fails

  • Locke Lord LLP
  • -
  • Argentina, USA
  • -
  • April 19 2010

Hedge funds seeking to recover more than $554 million in judgments against Argentina have reportedly withdrawn court appeals to stop assets being taken out of accounts at Citibank, diminishing their chances of ultimate success

Court of Appeal considers parallel proceedings and non-exclusive jurisdiction clauses

  • Locke Lord LLP
  • -
  • United Kingdom
  • -
  • July 30 2009

In Highland Crusader Offshore Partners v Deutsche Bank AG (2009 EWCA Civ 725) the Court of Appeal considered the operation of a non-exclusive jurisdiction clause, whereby the parties submitted to English jurisdiction (but were not permitted from proceeding in another country of competent jurisdiction), against the background of proceedings in Texas and London

Speech by Sally Dewar - taking the FSA's corporate governance agenda forward

  • Locke Lord LLP
  • -
  • United Kingdom
  • -
  • April 6 2010

Sally Dewar, the Financial Services Authority's (FSA) managing director of Risk, gave a speech entitled "Taking the FSA's corporate governance agenda forward" at the City Corporate Governance and Remuneration Summit on 30 March 2010

New York adopts revisions to Regulation 118 governing audited financial statements

  • Locke Lord LLP
  • -
  • USA
  • -
  • January 12 2010

On December 28, 2009, the New York Insurance Department ("NYID") issued a Notice of Emergency adoption revising Regulation 118 to implement new audit and reporting standards on an emergency basis

U.S. Securities and Exchange Commission brings civil action against former New Century executives

  • Locke Lord LLP
  • -
  • USA
  • -
  • January 6 2010

On December 7, 2009, the SEC charged three former executives of New Century Financial Corporation with securities fraud

FSA issues reminder on its approval and interview process for significant influence functions

  • Locke Lord LLP
  • -
  • United Kingdom
  • -
  • October 27 2009

On 14 October 2009, the FSA wrote to the CEOs of certain regulated firms to clarify its new approach to the approval and supervision of persons performing significant influence functions (SIFs

Court approves American Home Mortgage's settlement of a subprime securities class action

  • Locke Lord LLP
  • -
  • USA
  • -
  • September 18 2009

On July 30, 2009, the US District Court for the Eastern District of New York approved a $37.25 million settlement of a subprime-related securities class action styled, In re American Home Mortgage Securities Litigation

Bermuda Monetary Authority publishes its 2010 Business Plan

  • Locke Lord LLP
  • -
  • Bermuda
  • -
  • January 19 2010

On 14 January 2010 the Bermuda Monetary Authority (BMA) presented its regulatory framework Business Plan for the year ahead at its Annual General Meeting

International Public Company D&O: Status & Trends - Canada

  • Locke Lord LLP
  • -
  • Canada
  • -
  • April 14 2010

Class action securities claims are a perennially interesting topic for attorneys and companies around the world and across industries