The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2020 Euromoney, a part of the Euromoney Institutional Investor PLC.

Lunching season

If convention becomes the rule, then the long, boozy business lunch in banking and financial markets reached outlaw status some time ago.

But now, it seems, the law has spoken – and the liquid lunch is banned by statute.

Former London-based Glencore trader Andrew Kearns recently lost a wrongful dismissal claim against the commodities firm.

He argued that going out with clients and counterparties for drinking sessions was all part of the job. Judge Richard Seymour ruled that his claim was "ludicrous".

The ruling came at an unfortunate time: in December, just as many City bankers were planning to make an exception to the rule. Somehow, long festive lunches with clients and colleagues are deemed acceptable.

At Euromoney, we’re happy to report that as a team we enjoyed a number of highly agreeable seasonal lunches and soirées with our friends in the market. An invaluable insight into the challenges facing the industry was very much part of the fare provided.

So it seems an appropriate time, as 2013 fades into the distance, to thank so many of you – readers and contacts – for the time you take to educate us about global banking and markets.

Take out a complimentary trial

Take out a 7 day trial to gain unlimited access to and analysis and receive expertly-curated updates direct to your inbox.


Already a user?

Login now


We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree