We use cookies to customise content for your subscription and for analytics.
If you continue to browse Lexology, we will assume that you are happy to receive all our cookies. For further information please read our Cookie Policy.

Search results

Order by: most recent most popular relevance

Results:1-10 of 212

Voidable transactions and Ponzi schemes - the Supreme Court’s ruling
  • Chapman Tripp
  • New Zealand
  • July 7 2017

The Supreme Court’s decision in McIntosh v Fisk has confirmed how the courts will deal with claw back claims under the voidable transactions regime in

Largest fine against an individual to date, for manipulation
  • Herbert Smith Freehills LLP
  • United Kingdom
  • November 17 2011

Last week, the FSA fined Mr Goenka, a private investor based in Dubai, $9,621,240 (approximately £6 million) for manipulating the closing price of securities listed on the London Stock Exchange.

FSA fines overseas investor for market abuse
  • Dentons
  • United Kingdom
  • November 11 2011

FSA has fined a Dubai-based investor US$9.6 million for market abuse.

FSA fines private investor $9.6 million for market abuse
  • Katten Muchin Rosenman LLP
  • USA
  • November 11 2011

On November 9, the UK Financial Services Authority (FSA) announced that it had fined Rameshkumar Goenka (Goenka), a Dubai-based private investor, $9,621,240 for manipulating the closing price of Reliance Industries (Reliance) securities on the London Stock Exchange (LSE).

This week in securities litigation (October 7, 2011)
  • Dorsey & Whitney LLP
  • USA
  • October 7 2011

The SEC settled two insider trading cases this week while bringing three investment fund fraud suits, two of which involved recidivists who are alleged to have diverted investor funds from their current scheme to make payments in their prior criminal case.

New Hampshire securities regulator announces structured products
  • Morrison & Foerster LLP
  • USA
  • August 25 2011

On August 23, 2011, the New Hampshire Bureau of Securities Regulation announced that it had issued a consent order in its proceedings against UBS Financial Services, Inc. relating to sales of Lehman Brothers structured products.

Albania’s new step in support of foreign direct investments: special protection of foreign investors involved in dispute resolutions
  • Schoenherr
  • Albania
  • February 21 2011

Albania's attraction of foreign direct investment (FDI) has been, and remains, a major factor in its recent strong economic growth.

Chapter 15 recognition: Fairfield Sentry Limited (in liquidation)
  • Ogier
  • USA, British Virgin Islands
  • October 29 2010

As well as issuing claims in mistake and restitution in the BVI Commercial Court and the US State Supreme Court, the liquidators of Fairfield Sentry Limited ("the Fund") also petitioned for and, on 22 July 2010 obtained, Chapter 15 recognition in the United States Bankruptcy Court for the Southern District of New York.

Fairfield funds
  • Ogier
  • British Virgin Islands
  • October 19 2010

Liquidators were appointed over Fairfield Sentry Limited, Fairfield Sigma Limited and Fairfield Lambda Limited (together "the Funds") by orders of the BVI High Court dated 21 July 2009, 21 July 2009 and 23 April 2009 respectively.

Extension of the UK statutory liability regime for issuers of securities
  • Morrison & Foerster LLP
  • United Kingdom
  • July 29 2010

The Financial Services and Markets Act 2000 (Liability of Issuers) Regulations (the “Regulations”)1 will be coming into force and will extend the statutory liability of issuers in connection with information published on or after 1 October 2010.