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Parliamentary Commission on Banking Standards final report

United Kingdom - June 26 2013 The Parliamentary Commission on Banking Standards (the Commission) has published its fifth and final report: "Changing banking for good". The report…

Simon Morris, Dipesh Santilale

Can the court ever pierce the corporate veil? Yes – but only extremely rarely

United Kingdom - June 24 2013 In principle, the English courts can pierce the corporate veil to fix the controller of the company with a liability or obligation, but only if there…

Peter Bateman

Are parent company letters of support legally binding?

United Kingdom - May 14 2013 The High Court has decided that letters of support provided by a parent company did not have contractual force. The letters did no more than provide…

Nick Kuria

Supreme Court finds that even fraud did not justify piercing the corporate veil

United Kingdom - February 19 2013 Even where a bank may have been induced to lend money to a company by fraudulent statements made by the company's controller, the court will not…

Peter Bateman, Ahmad Khokher

Final European AIFMD remuneration guidelines published

European Union - February 13 2013 The European Securities and Markets Authority ("ESMA") has published the final version of its guidelines on remuneration for alternative investment…

Isabel Pooley, Melville Rodrigues, Nicholas Stretch