Law.com International’s Post

Having begun 2023 heavily engaged in one of The Lawyer's Top 20 cases of that year, Qatar Airways v Airbus, it is fantastic to have one of our banking cases, APPG v FCA, listed in the Top 20 of 2024. The APPG on Fair Business Banking is a cross-party group of MPs and Peers, formerly co-chaired by Kevin Hollinrake MP and now by William Wragg MP, with a long history of supporting banking customers. Our claim against the UK Financial Conduct Authority seeks a review of the FCA's decision not to act on the finding of its own reviewer, John Swift KC, that the FSA unlawfully imposed a 'sophistication' test that excluded around a third of customers from receiving redress for mis-sold interest rate hedging products.    The IRHP scandal is one of the worst in British banking history. As I know from our stakeholder group co-ordinated by the Transparency Task Force, many victims still deeply suffer its impact. If successful, the review could unlock compensation of up to £3 billion for bank customers. Mr Justice Fordham gave a positive permission judgment last year and in the formidable hands of our Counsel team, Thomas Roe KC and Anna Lintner, the Hausfeld team (Simon Bishop, Rachael Baillie, Alex Cooper and me) look forward to the trial this year.     The two permission judgments contain interesting observations about regulator responsibilities and costs in crowdfunded cases. More info here: https://lnkd.in/dSQYRFHj.

The Court of Appeal’s set aside of Adler Group’s restructuring plans this week has opened some bondholders up to greater uncertainty and diminished recoveries in the face of a potentially altered distribution of proceeds. Market reaction to the decision was dramatic, with Adler’s 2025 senior unsecured notes plummeting almost 10 points… 📉 In this QuickTake, 9fin's senior legal consultant Freddie Doust and distressed debt reporter William Macadam delve into the dynamics behind the court’s decision and what it might mean for future cases. 👉 Read the latest — https://lnkd.in/e7-aH4ZK #debtcapitalmarkets #distresseddebt #leveragedfinance

LPL Financial has been dinged more than $6M for its alleged failure to make sure its representatives had recorded more than 830,000 securities transactions. To at least one investor advocate, that’s little more than the “cost of doing business.” With comments from: Douglas Schulz, a securities lawyer and the president of INVEST SECURITIES CONSULTING, INC.; Hugh Berkson, a partner at McCarthy, Lebit, Crystal & Liffman Co., LPA; and Michael Edmiston, a securities lawyer at Law Offices of Jonathan W. Evans & Associates. #regulation #wealthmanagement #advisors #FINRA #financialplanning #financialadvisor #investors

Could the lack of Milbank bonus matches be due to Kirklandization of Big Law? And the end of lockstep? Milbank is looking a lot like an outlier. https://lnkd.in/ggjijFBk #NoMilbankBonusMatches #Kirklandization #MilbankasOutlier

Today's decisions shape tomorrow's success. 🔹 At Walsh Banks Law, we're committed to empowering your business for a future of growth and opportunity. Let's start building your tomorrow, today. 💼✨ ☎️ (407)-259-2426 🖥️ www.walshbanks.com #LegalInsights #FutureForward #WalshBanksLaw

In the highly-regulated, ever-changing banking industry, it is imperative that key advisors bring a high degree of experience and expertise to the table. Our attorneys have historical perspective and a clear understanding of the current environment. We long have been regarded as leaders in banking law. In fact, a Cantey Hanger partner was instrumental in founding the Texas Association of Bank Council, the principal organization for continuing legal education in banking. Our attorneys often collaborate with bankers to address pertinent legal issues. We have significant experience in a variety of matters including: * Bank Formations/ Consolidations * Banking and Finance Litigation * Bankruptcy/ Reorganizations * Creditors’ Rights * Federal and State Banking Regulations * Foreclosures * International Banking Matters * Negotiation and Documentation of Loan Facilities * Negotiation and Documentation of Loan Restructures & Renewals * Public Finance * State & Municipal Bonds * Venture Capital Matters We represent lenders, borrowers, commercial banks and holding companies. The firm is registered in the Bond Buyer’s “Red Book.” Cantey Hanger Banking Lawyers - Douglas W. Clayton, Sara Norman, Pollard Rogers, Tyler Goldthwaite, Preston Polk, Tyler Craig and Jermaine Watson, M.B.A., J.D. Learn more here: https://lnkd.in/giBTqDPw #bankinglaw #bankinglawyer #canteyhanger #dfwlawfirm #dfwlawyers

To all my New Grads celebrating ☀️Summer, we at G. Ortega Law, PLLC pride ourselves in educating Clients. What is purchase and assumption? Also known as an FDIC-assisted acquisition, this is a transaction where a healthy bank purchases a failing institution’s assets and assumes their liabilities. The FDIC arranges this transaction by allowing FDIC-insured institutions. During a Purchase & Assumption, a healthy institution can purchase some or all the assets from a failing branch. #PurchaseAndAssumption #Assets #Finance #Banking

Fried Frank partner Meredith Mackey was quoted in today’s Bloomberg Law Big Law Business column, which takes a look at how leveraged finance lawyers are helping banks, companies and debt holders deal with loans that didn’t pay enough to attract buyers—what’s known as hung debt. Click below to read more. #leveragedfinance

Angela Blake talks with Canadian Lawyer Magazine about what to expect in the M&A landscape in 2024. She says, “A lot of those challenges that we faced last year are still in place right now, and we're still having to deal with them. But the market has had a lot of time now to adjust and adapt.” Read the full article: https://okt.to/7hcRNm #MergersandAcquisitions #CommercialLaw

Understanding Credit Scores BC Licensed Insolvency Trustee and President of Sands & Associates Blair Mantin shares tips for establishing a positive credit history and boosting your credit rating. Learn more here: https://bit.ly/3W0tMXE #CreditScore #CreditRating #CreditHistory #CreditReport #Debt #Credit #DebtExpert #KnowingIsNotOwing