Banking and finance

The 60 second interview: Blackrock EMEA corporate head on AI

Ahead of her session at the In-house Financial Services conference, BlackRock EMEA head of corporate Baksho Arkan talks to The Lawyer about the role of data analysts within the in-house legal function and the biggest challenges in-house legal teams face when adopting AI. How will AI impact in-house legal teams within the next 5 years […]

allen & overy

A&O pursues plan to target startups with lead role on fintech deal

Allen & Overy has built on its ongoing strategy of wooing tech start-ups following the launch of tech incubator Fuse, advising online mortgage company Trussle in securing £13.6m in funding from Goldman Sachs Principal Strategic Investments (PSI). The investment comes just three years after the online mortgage broker was formed. M&A partner and fintech specialist Simon Toms […]

munich germany

Latham recruits second magic circle partner in a week

Latham & Watkins has hired its second magic circle partner in a week, this time from Clifford Chance’s finance practice in Germany. It brings welcome respite for Linklaters, which lost financial regulation partner Carl Fernandes to Latham’s London office last week, along with finance counsel Antongiulio Scialpi who joined the firm in Madrid. Clifford Chance […]

Virgin Money

A&O and Clifford Chance called in for £1.6bn Virgin Money bid

Allen & Overy (A&O) and Clifford Chance are advising in takeover talks between Virgin Money and the owner of Clydesdale Bank (CYBG) in a move that could create Britain’s largest “challenger” insititution. A&O is representing Virgin Money, led by corporate partners David Broadley and George Knighton, as well as M&A partner Seth Jones, who specialises in […]


TSB calls on Slaughters to investigate IT meltdown

Slaughter and May is advising TSB’s board after an IT disruption at the bank meant customers were unable to access their accounts, The Lawyer understands. The firm is understood to have been brought on board ahead of a Parliamentary hearing this afternoon. TSB’s chief executive Paul Pester will face questions from the Treasury Committee after […]


Cropped shot of a doctor shaking hands with a businessman

Emerging opportunities in CEE healthcare

Central and Eastern Europe’s healthcare industry is fast emerging as an attractive destination for domestic and international investors, says research by Kinstellar and The Lawyer of over 100 corporates, financial investors and advisers active in the healthcare sector.

Irish banks’ toughest test

For Ireland’s banking sector, 2017 could be a significant year. Almost a decade on from the financial crisis Allied Irish Bank (AIB) which – along with Bank of Ireland, is one of the country’s two pillar banks – could return to private ownership in 2017.

Maurice Allen: the exit interview

Serial legal entrepreneur Maurice Allen will retire from Ropes & Gray this year, although he’s widely tipped to emerge at another firm. He talks to The Lawyer editor Catrin Griffiths about a career building some of the City’s most impressive practices.

LMI analysis: Visa

One company reaping the benefits of consumers shifting their spending from cash and cheques to electronic payment is Visa. In addition to generating operating revenue of $13.8bn (£9.4bn) in 2015 – 9 per cent up on the previous year – the financial services company saw a total payment volume of $7.4trn. There were 71 billion […]

Business city

Star legal writers: banking

Gowling WLG: Fraud update: Economic crime; TalkTalk’s cyber attack; the SFO By Andy Petherbridge By Sean O’Toole Crime of failure to prevent economic crime According to the justice minister, the Ministry of Justice has decided against introducing a new criminal offence of failing to prevent an economic crime. He stressed that the principle of corporate criminal liability […]

Featured Briefings

Financial Regulatory News Updates – April 2018

The Financial Regulatory News Updates: an overview in which Loyens & Loeff’s Banking and Finance Practice Group highlights recent legislative developments and publications of supervisory authorities in the financial markets…

Poland: Basic legal aspects of branch and representative office activity

By Łukasz Szostak Under the Polish law, a foreign entrepreneur may, based on the reciprocity principle, set up its branch in the Republic of Poland. The scope of the branch’s activity may include only the activity that is performed by the entrepreneur in the country of its incorporation…

Mongolia: Legal summary on electronic money regulation

The new law on the National Payment System, dated 31 May 2017, shall become effective from 1 January 2018. The importance of the new law is an integrated payment system launch between the Central Bank, commercial banks, legal entities, other financial institutions and individual customers. As result of the law enactment, the Central Bank will […]

Investing in Sao Tome and Principe

To promote private-sector growth and to improve the business environment in the country, São Tomé and Príncipe has implemented a series of legislative measures that establish favourable conditions for foreign investment. The main measures adopted that are of particular interest to investors include approval of the new São Tomé and Príncipe Investment Code and the […]

Financial Services Matters – Spring 2018

Welcome to the first edition of Financial Services Matters, Walker Morris’ brand new regular newsletter for Financial Services clients. Our roundup of what’s going on in the courts, on the statute books and at the Regulators across the UK’s jurisdictions is brief, relevant, non-technical and light-hearted – your essential guide to all Financial Services matters. Please […]

Open Banking: Data and security report

Open Banking is creating exciting opportunities for data-driven innovation, but the risk of data loss, privacy breaches, fraud and other cyber security attacks is real and growing…

Dutch tax authorities’ interpretation of the transfer pricing guidelines

On 11 May 2018, the State Secretary of Finance published a new transfer pricing decree in which he sets out his interpretation of the arm’s length principle as embedded in Dutch tax law (the Decree). The Decree explains the view of the Dutch tax authorities (DTA) on the 2017 OECD Transfer Pricing Guidelines (2017 Guidelines) and […]

Clarity cryptocurrency and crowdfunding in Russia

By Yulia Yarnykh and Meldir Erbulekova From Russian rapper Basta launching his own cryptocurrency in December 2017 to top businesses exploring initial coin offerings (ICOs) and other alternative funding models, the Russian market is investing rapidly in blockchain technology and fintech. As is often the case with proactive markets, regulators have largely been forced to catch up…

Clarifying the scope of compliance orders

By Stevan Novoselac and Josiah Edwards Davis The Federal Court’s ruling in Canada v Stankovic, 2018 FC 462 illustrates how the Canada Revenue Agency persistently pursues taxpayers with undisclosed offshore accounts…

Bermuda’s FinTech triangle – Blockchain, ICOs and virtual currencies

By Chris Garrod On 22 November, 2017, Bermuda’s Premier, the Hon. E. David Burt, JP, MP held a press conference regarding the potential impact of blockchain on Bermuda’s economy. In summary, he said that the island was going to look at blockchain opportunities as a new aspect of its overall economic plan, seeking to attract […]

Mortgage market study: FCA publishes interim report

On 4 May 2018, the Financial Conduct Authority (FCA) published its long-awaited interim report into the mortgage market.  The FCA launched the market study in December 2016. The market study has focused on two main questions: At each stage of the consumer journey, do the available tools (including price comparison websites, best buy tables, mortgage […]

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