10/11/2020
Financial Regulation Update
The FCA recently recovered a sum of money following the realisation of assets the Group's director ordered to sell, which the FCA is now required to distribute to investors.
Legal, Regulation & Compliance
10/11/2020
Law firm survey 2020
Key findings of our latest law firm survey
10/11/2020
Data subject access requests: Five key points to consider
The recent UK case of Lees v Lloyds Bank Plc [2020] EWHC 2249 (Ch) considered this tension regarding DSARs.
10/09/2020
German Property Group companies enter preliminary bankruptcy proceedings
The GPG companies are incorporated in Germany and are not authorised by the FCA.
10/09/2020
Mortgages and coronavirus - enabling positive consumer outcomes
Speech by Jonathan Davidson, Executive Director of Supervision – Retail and Authorisations, at the Mortgage Forbearance Webinars.
10/09/2020
Britain’s banks turn cyber sleuths to crack $100-B mortgage mystery
The searches involve pouring over anonymized data and are a way of surveying overall risk rather than individual customer habits.
10/09/2020
Covid-19: FCA speech on protecting mortgage borrowers
The approach set out in the document is not binding on national competent authorities (NCAs), insurance distributors or insurance manufacturers.
10/09/2020
Travers Smith advises Elysian Capital LLP on the fundraising of its third vintage fund, Elysian Capital III LP
The fund, with more than 20 LPs mainly from Europe and North America, has achieved great success during challenging times.
10/09/2020
FCA calls on investors in land bank Ucis to reclaim funds
The company told victims it would negotiate with a developer to return a "large profit" to investors.
10/09/2020
European Lawmakers Are Looking For New Ways To Fight Money Laundering In The Wake Of The FinCEN Files Investigation
“The FinCEN Files illustrate the vast scale of the problem,” Šuica said. “The European Union has to act decisively and collectively with the European approach to supervision.”
10/08/2020
UK woman tried to fly to Dubai with $2.44 million in cash in five suitcases
Officers searched her suitcases and found the huge cash haul, the largest detection at the UK border so far in 2020.
10/08/2020
Carey Olsen advises Capvis on acquisition of leading CRM provider
The Carey Olsen team was led by partner Daniel O'Connor with assistance from senior associate Arindam Madhuryya and associate Jordan Zubeidi.
10/08/2020
Carey Olsen advises Nordic Capital on €6.1 billion fund
Working alongside international counsel Kirkland & Ellis
10/08/2020
No Swearing Please – Ireland Updates its Rules on Written Evidence
The Act is an omnibus one and addresses various matters, however this advisory focuses on the introduction of statements of truth into Irish law for the first time.
10/08/2020
LexisNexis: Majority of regulated firms breaching fifth money laundering directive
5MLD legislation came into force on 10th January 2020 as part of UK’s plans to help combat the growing money laundering problem facing the country, and all firms previously within scope should have been compliant immediately.
10/08/2020
Unregulated overseas investment scheme at risk of bankruptcy
FCA, lifeboat scheme and Financial Ombudsman Service publish joint statement
10/07/2020
FCA bans sale of certain crypto-derivatives to retail consumers
The rules will apply one year after publication in the Official Journal of the EU (OJ).
10/07/2020
Clydesdale Bank and Leumi UK partner in significant refinancing deal with London Kensington Hotel Ltd
The sector continues to feel the pressure of the COVID-19 pandemic and this deal will ensure the management team has the flexibility to navigate the challenges ahead”.
10/07/2020
EIF and Raiffeisenbank sign a €10 million guarantee agreement to support SMEs in the culture and creative sectors in Bulgaria
The guarantee agreement is backed by the European Commission's Cultural and Creative Sectors Guarantee Facility, which is managed by the EIF. It also benefits from support from the European Fund for Strategic Investments (EFSI).
10/07/2020
Hogan Lovells advise Citi and Piraeus Bank in a securitization of Greek auto-lease receivables
The transaction was privately placed with a group of European supranational institutions.