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The article focuses on the British court case Rubenstein v. HSBC Bank, which dealt with the bank's liability for offering negligent investment advice. Topics include the liability of investment advisors who give financial advice, an advisor's scope of duty, and the issue of operative risk. Information is provided on the chain of causation.

The article presents on the less litigious approach to fund redemptions among fund advisers, lawyers, accountants and other professional advisers in Great Britain. It notes that the funds industry as a significant increase in redemption requests over the past six to 12 months. There are particular timetables within which redemption requests should be honoured in most fund particulars. The strategic approach of investment advisers may well differ when some funds constitute many small investors.

The article reports on the effort of Freshfields Bruckhaus Deringer and Norton Rose on a $238 million investment deal which could bring the Middle East process a step closer to settlement. They advised on a framework that will allow Overseas Private Investment Corp. in the U.S. and Palestine Investment Fund (PIF) to invest in Gaza and West Bank. It is said that the Middle East Investment Initiative will offer capital to small and medium-sized enterprises in Palestine.

The article reports that Lovells and Norton Rose played significant roles on the investment ventures of two Asian companies to Barclays Bank PLC. China Development Bank was advised by Norton Rose on its effort to build a strategic partnership with Barclays. On the other hand, Lovells acted as advisor for Singapore's Temasek Holdings Ltd. in its purchase of £1 billion stake in Barclays.