Iceland’s failed Glitnir Bank hf and other lenders claiming they were stung by internal fraud during the financial crisis are winning U.K. court orders freezing the worldwide assets of ousted executives with ties to Britain.
Two holders of 2016 subordinated notes issued by Irish Nationwide Building Society commenced proceedings in the English courts against the debt program’s trustee and the society, according to a statement today.
A VTB Group unit lost its bid to have a fraud suit connected to a $225 million loan heard in the U.K., in a decision that could deter Russians from using English courts as a primary forum to resolve disputes.
U.S. Securities and Exchange Commission lawyer Andrew Michaelson, who handled insider trading cases including that of Galleon Group LLC co-founder Raj Rajaratnam, is joining Boies, Schiller & Flexner LLP as a partner.
JPMorgan Chase & Co. sued state-owned Portuguese companies running the Lisbon and Oporto metro rail services, as well as the country’s strategic oil reserves, to enforce derivative contracts worth at least 455 million euros ($587 million).