Banking and finance


Linklaters recruits from White & Case to boost banking team

Linklaters has hired a new partner from White & Case to boost its London banking practice. The magic circle firm has brought in Colin Chang, who has been a partner in the capital markets practice of the US firm for more than a decade. Having first joined in 2008, he was based until now in White […]

Fried Frank makes double hire in Frankfurt and London

Fried Frank Harris Shriver & Jacobson has made its first lateral hire in Frankfurt in three years and has also added a lawyer to its London office from Paul Weiss Rifkind Wharton & Garrison. The New York firm had added finance partner Jérôme Friedrich in Germany, while capital markets counsel John Satory will move into […]

Phoenix Group’s former legal head takes on new role at Lloyds Bank

Lloyds Banking Group has appointed the Phoenix Group’s former legal director as its new head of legal for corporate and M&A. The Lawyer Hot 100 2017 Phil Hagan, who led the FTSE 100 Phoenix Group’s legal team for over ten years, has moved to Lloyds to act as interim head of legal for corporate and […]


Latham lures latest Clifford Chance partner to London office

Another partner has made the leap from Clifford Chance to Latham & Watkins, as the US firm continues to attract corporate and finance lawyers from the magic circle firm. Partner Steve Curtis is set to join Latham, having been a member of Clifford Chance’s banking and finance group since 2000. He joined the firm as […]

Mayer Brown promotes three in London in 2020 partnership round

Mayer Brown has promoted three lawyers to partnership in London as part of a 27-strong global round. The three lawyers made up in the City are employment and benefits lawyer Miriam Bruce, who trained at the US firm; banking and finance lawyer Charles Thain, who joined as a senior associate from DLA Piper in 2015; […]


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.

Banking & Finance Briefings

Ireland – New AML whistleblowing requirements

New regulations have been introduced which require firms which are in-scope of Irish anti-money laundering legislation to introduce internal whistleblowing procedures regarding breaches of anti-money laundering legislation which are proportionate to the nature and size of their business. The European Union (Money Laundering and Terrorist Financing) Regulations 2019 (the “Regulations”) amend the Criminal Justice (Money […]

Lucy Frew’s fintech column: December 2019

By Lucy Frew UK Jurisdiction Taskforce legal statement on status of cryptoassets and smart contracts The key findings of the legal statement on the status of cryptoassets and smart contracts published by the UK Jurisdiction Taskforce (“UKJT”) earlier this month are that cryptoassets are in principle to be treated as property and that smart contracts […]

Stamp duty and cash pooling

By Samuel Fernandes de Almeida On this matter, it seems peaceful that we will be facing credit granting operations, this time in the form of a current account in which the term is not determinable. The tax treatment under the Stamp Tax (IS) of so-called centralized treasury management operations – cash pooling – has been […]

Foreign Exchange Policy: Angola

By Filipa Fonseca Santos, Joana Pacheco The Angolan Central Bank (Banco Nacional de Angola – “BNA”) recently approved Notice no. 01/2020, with a view to simplifying the administrative procedures for licensing the import of goods, and Notice no. 02/2020 with a view to making exempt from authorisation certain current invisible transactions, ordered by legal persons. […]

SMEs and commercial lenders: Would further regulation help or hinder?

By Peter Richards-Gaskin When individual consumers need to take action against financial services firms, they’re able to do so via the Financial Ombudsman Service (the FOS). It’s also comforting for them to know that the mortgage on their home is regulated by the Financial Conduct Authority (the FCA). But what about when SMEs are faced […]

New rules on current invisible transactions and goods transactions

Banco Nacional de Angola (“BNA”) has approved another legislative package intended to contribute to the liberalisation the foreign exchange market. The package contains BNA Notices 1/2020 and 2/2020, both of 17 January 2020. Notice 1/2020 amends the rules on payment for goods transactions in Notice 5/2018 of 17 July 2020 and extends the exemption from […]

Acquisition finance

By Igor Popa What Is Acquisition Finance? Acquisition financing is the funding a company uses specifically for the purpose of acquiring another company. By acquiring another company, a smaller company can increase the size of its operations and benefit from the economies of scale achieved through the purchase. Bank loans, lines of credit, and loans […]

Legal briefing on combating money laundering and terrorism financing of Mongolia

By Bolormaa Volodya By having failed to adequately comply with the recommendations of the Financial Action Task Force (FATF) on concerning anti-money laundering and counter-terrorism financing (AML/CFT) measures, Mongolia has been added to the FATF’s grey list along with Iraq and Zimbabwe on October 4, 2019. The FATF is an inter-governmental body established in 1989 […]

Prime Minister’s remarks increase entrepreneurs relief concerns

By James Austen In what The Times described on Saturday as “…the clearest sign yet that the relief is going to be curtailed by Sajid Javid, the chancellor, in March”, Boris Johnson reportedly commented to a group of women entrepreneurs in his Uxbridge constituency that the Treasury is “fulminating” against Entrepreneurs Relief. The reason given […]

Ireland update – Investment Limited Partnerships Reform

Following on from our July 2019 article and our 20 September 2019 update on the Investment Limited Partnerships (Amendment) Bill 2019 (the “Bill”), consideration of the Bill at Committee Stage in Dáil Éireann (the “Dáil” (lower house of the Irish Parliament)) is complete with no amendments being made. It is intended that the Bill will […]

New regulations focus on sustainability in the financial services sector (Part 1 – Disclosures regulation)

Work has been continuing at a steady pace in Europe to implement the package of measures set out in the European Commission’s action plan on sustainable finance. Sustainable finance involves taking sustainability considerations into account as part of the financial decision making process. Two of the proposals set out in the action plan on sustainable […]

Cayman Islands Corporate law as a tool for innovative CLO warehouse structuring

The Cayman Islands is well known to be the jurisdiction of choice for structured finance transactions due to its robust legislation and judicial framework, its creditor friendly nature, its familiarity to market participants (in particular, rating agencies), and the list goes on. What is less obvious, and arguably more intriguing, is the increased reliance on […]

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