United Kingdom - June 4 2010 In Seymour Pierce Limited v Grandtop International Holdings Limited  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.
United Kingdom - May 31 2010 The British Bankers' Association (BBA) has issued a short press statement on the Queen's Speech.
United Kingdom - May 31 2010 The Financial Secretary to the Treasury, Mark Hoban MP, has announced that the Government will take forward a Bill to enable payments to be made in relation to Equitable Life, as included in the Queen's Speech to Parliament.
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.
European Union - May 31 2010 The Committee of European Securities Regulators (CESR) has issued a press release stating that it is intensifying the co-ordination of its members' market surveillance following the recent market volatility in euro denominated debt instruments.