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.
Legal, Regulation & Compliance
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.
10/07/2020
Top tier Guernsey teams stand out in Legal 500 UK
Rising Star Rachel DeSanges is head of Employment in Guernsey and is praised for her understanding of client needs within a 'knowledgeable team providing an efficient service.'
10/07/2020
Weekly Tax Brief - 6 October 2020
There is a loophole where the regulations do not apply to employees who are contractually entitled to a longer period of notice than the law requires.
10/07/2020
Unexplained Wealth Orders: Suspected money launderer gives up £10m of property
Around £10m of property has been surrendered in a major victory against some of northern England's most dangerous criminals.
10/07/2020
EU Seeks Authority to Cut Off Banks’ Tech Suppliers if Found Wanting on Cybersecurity
Proposed legislation would stop banks and financial firms from using IT services that present risks, and would standardize cyber regulation across Europe
10/07/2020
EBRD Head sets out plan for resilient, “majority green” future
Under the proposed new strategy, on which shareholders will decide today, the EBRD will accelerate the transition to a low-carbon economy.
10/07/2020
Advisers warned over using FCA logo
Most firms also signpost their FCA number which can be used to search for a business on the regulator's register.