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Twelve o’clock high: court upholds “tail-gunner” clause and awards success fee to former financial adviser

United Kingdom - June 4 2010 In Seymour Pierce Limited v Grandtop International Holdings Limited 2010 EWHC 676 (QB) Mr Justice Eady upheld a "tail-gunner" clause in a financial adviser's engagement letter and awarded a success fee to the financial adviser after its former client completed a takeover of Birmingham City Football Club (with a different adviser) and even though its original retainer had been terminated....

Martin Scott, Glenn Hall.


Commission sets out vision for bank resolution funds

European Union - May 31 2010 The European Commission has published a Communication which sets out its thinking on how the financial sector could contribute to the cost of financing the resolution of failing banks....

Jonathan Herbst, Charles Evans, Peter Snowdon.


ISDA comments on sovereign CDS

Global - May 31 2010 The International Swaps and Derivatives Association (ISDA) has made a statement in light of the continued focus on the role of credit default swaps (CDS) in the global market place....

Jonathan Herbst, Charles Evans, Peter Snowdon.


The coalition: our programme for government

United Kingdom - May 31 2010 The Conservatives and Liberal Democrats have published the text of the full Coalition Agreement, setting out the main elements of the new UK Government's policy programme....

Jonathan Herbst, Charles Evans, Peter Snowdon.


The Queen’s Speech - BBA comment

United Kingdom - May 31 2010 The British Bankers' Association (BBA) has issued a short press statement on the Queen's Speech....

Jonathan Herbst, Charles Evans, Peter Snowdon.