Financial Institutions

This quarterly round-up looks into some of the main regulatory developments and trends in fintech regulation during the first quarter of 2018. Moves to regulate The appetite of governments and supervisors to regulate the crypto-world is increasing and, although short-term the position remains uncertain, it is clear that regulation is on its way. Within the […]

Recent amendments to the scope of the regulated activity of advising on investments now make a distinction between “general advice” and “personal recommendations”. The FCA has recently issued some further guidance (PS18/3: Perimeter guidance on personal recommendations on retail investments) which provides some indications of the type of activities which, in the view of the FCA, […]

2017 was an exciting year for fintech but 2018 promises to be even more eventful.  This briefing considers some of the regulatory developments that took place in 2017 and what these are likely to mean for fintech regulation in 2018. Please see link below for full briefing. Fintech regulation: Looking ahead to 2018  

A number of Employment Tribunal and court decisions over recent years have examined the effect of suspending an employee in order to investigate disciplinary allegations.  The result is that suspension, which might once have been considered a neutral act necessary to allow an unimpeded investigation and/or to prevent a recurrence of acts of misconduct, has now […]

Fladgate LLP has continued to be highly rated by Chambers Guide to the UK Legal Profession 2018, with a number of the firm’s partners ranked as leading individuals. Construction: Purchaser Lawyers ranked Gillian Birkby, Alan Erwin, Alan Woolston What the team is known for Well-regarded practice with a purchaser-side focus. Advises on high-value transactional and contentious matters […]

Banks are to be expected to police over 70 million accounts under the Home Office’s new crackdown on illegal migrants, opening up a Pandora’s Box of problems, even for HNWs with valid immigration status, writes Sarah Gogan. New government rules will force UK banks to search bank accounts for illegal migrants. Since the introduction of […]

Fladgate LLP is delighted to have achieved across the board rankings in the recently launched 2017 edition of the Legal 500 Guide to the UK Legal Profession. The firm achieved 26 rankings, with 59 lawyers attaining 91 individual recommendations.  Commercial contracts Fladgate LLP enhanced its commercial contracts offering with the recruitment of James Earl, an expert in the […]

Against the backdrop of soaring, if volatile, prices for Bitcoin and other cryptocurrencies and a rapidly changing global regulatory landscape, the adoption of blockchain technology and its use in raising significant funds for start-up ventures is accelerating. Fladgate is committed to a leading position in this exciting sector and is already advising technology entrepreneurs on […]

Since the introduction of the Immigration Act 2014, banks and building societies have been prohibited from opening current accounts for individuals who are in the UK illegally. The Immigration Act 2016 goes one step further, with the introduction of multiple measures to prevent illegal migrants from continuing to operate existing current accounts. The Act gives […]

Fladgate LLP is delighted to announce a major boost to its corporate and private capital practice with the appointment of partner and tax specialist, Neal Todd. Neal was previously a partner at Berwin Leighton Paisner LLP and Linklaters LLP. Neal is an international tax practitioner with some 30 years’ experience.  He has a particular interest […]

Continuing the trend of strategic recruitment that has been a consistent feature in recent years, Fladgate LLP is delighted to announce the appointment of finance partner Seetal Modi, who joins from Sidley Austin. Seetal advises a client base comprising lenders (including banks, funds, private equity houses and alternative capital providers), borrowers and arrangers on a […]

Property Alliance Group (PAG) brought a claim against The Royal Bank of Scotland plc (RBS) for misrepresentation of four interest rate swaps entered into between 2004 and 2008.  Whilst there have been no judgments on the substantive claims, the disclosure process has led to a number of interesting decisions; one of the most recent discusses […]