08/11/2021
International law firm advises Elbrus Capital
The funds raised will be used to launch new products, to increase marketing investments in Russia
Legal, Regulation & Compliance
08/11/2021
Ashurst advises British Patient Capital on the Future Fund
The team advising British Patient Capital comprised partner Karen Davies, senior associate Jacob Gold and associate Amy Coleman.
08/11/2021
Financial Services & Banking News
The letter reminds firms to comply with the FCA's general requirements and handbook principles, and to pay due regard to the interests of their customers and treat them fairly.
08/11/2021
What is the European Payments Initiative and will it really work?
The European Payments Initiative aims to succeed where similar efforts have failed. Can it create a viable pan-continental system to rival those of Visa and Mastercard this time round?
08/11/2021
Former chancellor Hammond probed over OakNorth lobbying
Hammond took on a paid advisory role at OakNorth after stepping down from frontline politics.
08/10/2021
French Constitutional Council to rule on controversial inheritance law
Whilst the main purpose of the law was to address the possible application of Sharia’a law within France, article 13 will affect clients who wish to elect for English law to apply to their estate under the EU Succession Regulation.
08/10/2021
Giambrone instructed in a One Billion Pound Cross-border Fraud Claim
The case represents one of the leading cases on cross-border litigation when issues of res judicata (final judgment) of foreign judgments fall to be considered in the courts of England and Wales.
08/10/2021
New rules will finally unlock the UK Spac market
There will certainly continue to be strong competition from European neighbours – most notably the Netherlands and Luxembourg
08/10/2021
Shoosmiths M&A rankings rise throughout UK regions
The latest Experian Mergers and Acquisitions report notes a busy first six months for Shoosmiths in 2021, its corporate team continuing to provide unrivalled levels of support for a plethora of noteworthy and high value transactions.
08/10/2021
Financial Services & Banking News
The amendments also require investment firms manufacturing and distributing financial instruments to specify to which group of clients with sustainability related objectives the financial instrument is supposed to be distributed.
08/10/2021
SFO launches money laundering and fraud probe into care home investor
It is asking UK-based investors who put money into Woodhouse’s schemes to complete a questionnaire by 30 September.
08/10/2021
FCA Publish Changes to London Stock Exchange Listing rules for SPACs
The primary purpose of the consultation was to consult on a change to the Listing Rules
08/09/2021
SPAC to the Future - Part II
From 10 August 2021 the UKLA amendments to the Listing Rules, which are specifically designed to improve LSE's SPAC offering, will come into effect.
08/09/2021
Papas scandal referred to Financial Crimes Squad
In July this year, police received a report of an alleged multimillion-dollar fraud against a financial organisation.
08/09/2021
FCA fines BSPS pension transfer adviser £1.28m
The FCA has also decided to ban Mr Armin from advising consumers on pension transfers and pension opt outs.
08/09/2021
FCA obtains bankruptcy order against Mohammed Maricar following unlawful CFD forex trading promotion
Mr Maricar has failed to make any payment in relation to the High Court’s restitution order.
08/09/2021
OFSI imposes monetary penalty on fintech company for breach of financial sanctions
TransferGo is a UK company which carries out payment transfers.
08/09/2021
Financial Services & Banking News
Given the considerable legal uncertainty surrounding digital assets, the FMLC welcomes the Law Commission’s Digital Assets Project and the prospect of law reform.
08/08/2021
CP21/26: A new UK prudential regime for MiFID investment firms
It represents a major change for investment firms. It is critical that firms adequately prepare for the regime.
08/08/2021
Consumer warning on Northern Provident Investments
Customers can find more information about how they may be affected via NPI’s website.