Insights: Charles Proctor

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Fladgate advises on the refinancing of the Fairmont Monte Carlo hotel

Gary Smith, Charles Proctor, Wing Tang |

Fladgate LLP acted for long standing client London & Regional Properties on the recent refinance by BNP Paribas of the Fairmont Monte Carlo hotel in Monaco.  The Fairmont, a four star luxury hotel is located in the centre of the Principality of Monaco and has 596 guest rooms, residences and suites as well as four […]

Irish Backstop and Unilateral Withdrawal

Charles Proctor |

An arcane legal issue floated to the surface amid chaotic political scenes in the House of Commons last night. Partner Charles Proctor discusses the points raised.

Brexit - the Government's legal advice

Charles Proctor |

In Tuesday’s post (‘Brexit – A Legal Quagmire’), we noted that the Government had been held to be in contempt of Parliament in consequence of its refusal to publish the Brexit legal advice furnished by the Attorney General.  As a result, the Department for Exiting the European Union published that advice at midday on Wednesday […]

Brexit - a legal quagmire?

Charles Proctor |

Brexit is, of course, primarily a political process. But that process takes place within a legal framework and, in that particular arena, it must be said that the Government’s record has been less than impressive. First of all, in the Miller case heard at the end of December 2016, the Supreme Court decided that an […]

Fintech quarterly round-up: July – September 2018

Charles Proctor |

This quarterly round-up looks into some of the main regulatory developments and trends in fintech regulation during the third quarter of 2018. The previous briefings for 2018 can be found here and here. Regulation, regulation, regulation The much anticipated Treasury Committee report on crypto-assets in the UK was published in September.  The main takeaway is that […]

Fladgate advises Argo Blockchain Plc on Main Market listing and £25m placing

Hamilton Forrest, David Robinson, Charles Proctor, Michelle Waknine, David Lee, Paul Airley, Ben Milloy |

Fladgate LLP is pleased to have advised Argo Blockchain Plc (Argo), a provider of crypto-mining services, on its admission to the standard segment of the Official List and to trading on the London Stock Exchange’s Main Market. Argo raised £25m under a placing concurrent with admission and had a market capitalisation on admission of approximately […]

Fintech quarterly round-up: April – June 2018

Charles Proctor |

This quarterly round-up looks into some of the main regulatory developments and trends in fintech regulation during the second quarter of 2018. The previous edition of this briefing for January to March 2018 can be found here. Evolution of ICOs  The market for initial coin offerings (ICOs) continues to develop despite increased regulatory scrutiny. As […]

Brexit: Some clarity on financial services

Charles Proctor |

Following the EU Withdrawal Bill officially becoming law, HM Treasury (HMT) published its approach to financial services legislation in the lead up to and immediately following Brexit.  In coordination with that publication, the Bank of England and Financial Conduct Authority (FCA) also published their own statements providing further detail on their roles under the proposed […]

Smart contracts: are they as smart as they sound?

Charles Proctor |

Smart contracts are one of the major developments arising out of the distributed ledger and are intended to simplify how contracts are made and executed.   This briefing considers what they are and how they fit into the law of contract. What are smart contracts? There is no standard, generally accepted definition of smart contracts but […]

New rules for Authorised Fund Managers

Charles Proctor |

The Asset Management Market Study carried out by the Financial Conduct Authority (FCA) raised concerns about weak price competition and the ability of investors to seek the best value. Therefore the FCA has decided to introduce new rules and guidance applicable to authorised fund managers (AFMs) in respect of their management of authorised funds subject […]

Fintech quarterly round up: January – March 2018

Charles Proctor |

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 […]

Fladgate advises London & Regional on Hilton Park Lane refinancing

Anthony Reeves, Gary Smith, Charles Proctor |

Fladgate LLP has acted for London & Regional on the finance aspects of the refinancing of the Hilton, Park Lane. The hotel is Hilton’s flagship in London, opening in 1963. The 28 storey hotel includes a Michelin starred restaurant, Galvin at Windows on the top floor. The refinancing was by way of a senior facility […]