Banking and finance

City

Latham targets A&O for second infrastructure hire this week

Another magic circle partner is to join Latham & Watkins in London, as it sets its sights on winning work in the infrastructure M&A market. Allen & Overy partner Conrad Andersen, who was promoted in 2008, is to join Clifford Chance partner Brendan Moylan at the US firm. The latter’s move was revealed yesterday. While […]

London

Jones Day bulks up in London with Ashurst and Dentons hires

Jones Day has snared two finance partners from Ashurst and Dentons following a raft of exits from its London office since the start of the year. Partner Ewen Scott left Ashurt’s global loans group last week and will join Jones Day’s banking, finance and securities practice at the end of August. He will be joined by Dentons finance partner Lee […]

barclays

Barclays lawyers on call after SFO attempts to revive Qatar case

Herbert Smith Freehills (HSF) and Simmons & Simmons are among the firms understood to be advising after the Serious Fraud Office confirmed it was looking to reinstate criminal charges against Barclays Bank. Barclays yesterday said the SFO made an application to the High Court to reinstate charges related to the bank’s capital raisings in 2008. […]

Fintech start-up builds legal team with first GC

The former general counsel of MarketInvoice Simon Coles has joined fintech start-up Capital On Tap as its first legal head. Capital On Tap provides tech-driven funding facilities to SMEs and enables customers to access instant funding to grow their business. Before his stint as general counsel at cashflow finance provider MarketInvoice, which ended last year, […]

Analysis

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 […]

Featured Briefings

Helping customers to help themselves: How technology can help

Banking litigation experts Rob Aberdein and Justin Coley from Walker Morris’ Lender Services team explain how lenders and law firms can harness new technology and debt management solutions to offer an enhanced customer journey and improved lender/borrower relationships. 

Supreme Court rules a ‘right to litigate’ cannot be assigned to a third party

By Rebecca MacCann What happens if you assign your right to litigate to a person or company that is unconnected to the event that creates the right to litigate? In the recent Supreme Court case of SPV Osus Ltd v­ HSBC Institutional Trust Services (Ireland) Limited & Ors [2018] IESC 44, the Supreme Court held […]

Kazakhstan: China’s Belt and Road initiative and opportunities for Islamic finance

By Shaimerden Chikanayev Kazakhstan has high ambitions in China’s Belt and Road initiative (BRI) as it is geographically an ideal junction between China and the west. There may, however, be some roadblocks for the BRI’s projects in Kazakhstan. It is therefore important to examine past experiences in order to be able to predict what legal […]

Blockchain roundtable: addressing the regulatory challenges of disruptive innovation

The Blockchain Research Institute (BRI) recently gathered nearly 70 global leaders in finance, law, government, academia and innovation for a special roundtable discussion that explored the challenges surrounding blockchain regulation. Usman Sheikh, Gowling WLG partner and National Head of the firm’s Blockchain & Smart Contract Group, co-led the forum with blockchain pioneer and co-founder of BRI Don Tapscott, […]

Reform of the Portuguese pricing and reimbursement system

By Edward J. Dougherty Following a recent reform in 2015, the Portuguese pricing and reimbursement system is sophisticated and comprehensive. Nevertheless, substantial discretion is allowed to the competent national authority, and this is the source of most challenges for innovators…

Assessing creditworthiness in consumer credit: FCA publishes final rules and guidance

The results of a large-scale survey by the Financial Conduct Authority (FCA) in 2017 indicated, among other things, that: 75% of UK adults had one or more consumer credit products or loans in the previous 12 months; 4.1 million people were “in difficulty” because they had already failed to pay domestic bills or meet credit […]

Open Banking, fintech and the Brexit hokey cokey

By Miles Trower London is, arguably, the most important global hub for financial services. As a result, the consequences of the Brexit vote, the ensuing uncertainty and the eventual transitional and regulatory framework applying to UK financial services and how it will continue to access overseas markets has been subject to huge speculation. Much of […]

FCA consultation on a Global Financial Innovation Network

By Russell Kelsall On 7 August 2018, the Financial Conduct Authority (FCA) published a consultation on the creation of a Global Financial Innovation consultation. With innovation in the global financial services market rapidly increasing, it is important for firms to consider the options for building, implementing and sharing experiences of digital solutions.

Amendments to the Hungarian Data Protection Act

By Dorottya Gindl The Hungarian Parliament has recently adopted legislation with the aim of harmonising the national data protection rules with the rules of the GDPR, and supplementing the national rules in areas not regulated by the GDPR. The Parliament adopted Act XXXVIII of 2018 (“Amendment“) in an extraordinary session and the new regulations entered […]

Changes to Entrepreneurs’ Relief: What do you need to know?

By Mark Braude A significant and welcome change to the Entrepreneurs’ Relief (ER) rules was announced in the Finance Bill 2019 last month. It is aimed at shareholders who would otherwise lose their entitlement to ER as a result of being diluted below the 5% required shareholding…

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