Debevoise & Plimpton and Linklaters have taken lead roles on AIG's $6bn (£3.8bn) placement of shares in its Hong Kong spin-off, AIA Group, reports The Asian Lawyer.
The Cayman Islands-headquartered law firm wasted no time in launching an aggressive head-hunting campaign, poaching numerous market-leading partners and lawyers from A&L Goodbody, Matheson Ormsby Prentice and Arthur Cox.
The Financial Services Authority (FSA) is spending more than £100 million and has 5% of its staff working on ways to help insurers with new propositions in line with Brussels’ incoming Solvency II regulations, according to reports.
Providing Lloyds Action Now (LAN) acquires funding, Nahal will pursue the case against former Lloyds TSB directors for allegedly misleading investors over its merger with Halifax Bank of Scotland (HBOS) in 2008.
The 34-year-old from Livingston, West Lothian, has been ordered to pay back £1,984,794 after a proceeds of crime investigation by City of London Police.
The frequency and level of data to be provided mean that new requirements for information, both quantitative and qualitative, will have to be met.
The case will be launched in the coming weeks, dependent on funding being obtained by the claimants - shareholder group Lloyds Action Now (LAN) - with the action expected to reach trial in the next two years.
Cleary Gottlieb Steen & Hamilton and Clifford Chance are advising banking giants BNP Paribas and HSBC Holdings, respectively, on the sale of combined assets worth a total of almost $3 billion.
Business organisations and many Tory MPs want the 50p tax on earnings over £150,000, brought in by Labour, axed.