Search Results for: PRA
Apache discovers oil in Northwestern Australia
August 18th, 2014
US energy firm Apache on Monday announced an oil discovery off northwestern Australia which it said could potentially represent a new oil province for the country. The find at the Phoenix South-1 well is the first for Apache Energy ...
Bank Overseer PwC Faces Penalty and Sidelining of Regulatory Consulting Unit
August 18th, 2014
The giant consulting firm PricewaterhouseCoopers occupies a position of trust on Wall Street, acting as a shadow regulator of sorts that promises the government an impartial look inside the world’s biggest banks. But the firm – hired and paid ...
Quinn Emanuel, Stewarts and Bird & Bird gear up for RBS rights battle
August 18th, 2014
Quinn Emanuel Urquhart & Sullivan and litigation boutique Leon Kaye have formally joined the £4bn shareholder battle brought against the Royal Bank of Scotland (RBS) over its 2008 rights issue. Leon Kaye, Quinn Emanuel, Stewarts Law and Bird & ...
Monster’s 1.3bn deal with Coca-Cola under Skadden and Jones Day advice
August 18th, 2014
Coca-Cola Company gets advise from Skadden Arps Slate Meagher & Flom and Jones Day, among other, for its deal with energy drink business Monster. The global drinks brand is also to pay $2.15bn (£1.3bn) in exchange for a 16.7 ...
New non-dom tax rules will cause confusion
August 14th, 2014
New tax rules for loans taken out by “non-doms” will cause disputes over the interpretation of the law, the Chartered Institute of Taxation (CIOT) has said. The government said on 4 August that it was withdrawing its current treatment ...
Audi faces penalty in China
August 13th, 2014
Volkswagen (VOWG_p.DE)’s premium auto unit Audi on Wednesday said it would accept a penalty and change management processes at one of its China units after a regional authority said it had discovered violations of anti-monopoly laws. “According to investigations ...
Nabarro to offer fixed fees for all litigation clients
August 13th, 2014
Nabarro is launching a new regime of fixed-fee deals across its litigation practice which will see the firm shoulder risk for its clients. For the first time the firm will offer a single headline price for an entire dispute, ...
Being Pro-West Doesn’t Mean Being Anti-Russian
August 13th, 2014
The recent events in Ukraine and the resulting wave of sanctions, affecting all sides of the conflict, have once again intensified the long-running disagreement in Russia between pro-West and anti-West factions. Facebook is full of passionate arguments as yesterday’s ...
FCA Thematic Review: Best Execution and Payment for Order Flow (‘PFOF’)
August 12th, 2014
Financial Conduct Authority (FCA) Thematic Review: Best Execution and Payment for Order Flow (‘PFOF’) FCA thematic review of best execution and Payment for Order Flow (‘PFOF’) found that many firms do not understand key elements of FCA requirements and ...
Five Australian banks face class actions on fees
August 12th, 2014
Australian legal firm Maurice Blackburn said on Tuesday it had filed open class actions against five banks over late credit card fees worth hundreds of millions of dollars. The legal proceedings could become one of Australia’s biggest ever class ...
