Insights: Charles Proctor

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BREXIT – Where now for financial services?

Charles Proctor |

It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of Light, it was the season of Darkness, it was the spring of hope, it […]

EUston, we have a problem: access to EU financial service market in 2021 and beyond

Charles Proctor, Yelim Jun |

The UK edges closer to the expiry of the Brexit implementation period (31 December 2020). The diversion of resources to deal with the COVID-19 crisis; the decision not to request an extension of the implementation period; and the recent threat to renege on the Withdrawal Agreement make the prospect of a no-deal Brexit seem ever […]

Preparing for the end of Libor

Charles Proctor, Ottilia Csoti |

The London Interbank Offered Rate (LIBOR), though still one of the world’s favourite numbers, will cease to be available from the end of 2021. The end of LIBOR will affect all users of the interest rate benchmark and both lenders and borrowers need to be prepared for this change. This change was announced in July […]

Fladgate LLP has advised leading residential developer Strawberry Star on a £75 million funding from Cheyne Capital for its mixed-use development, Lu2on.

Charles Proctor, James Norton, Ian Smith, Ottilia Csoti, Maddy McAra |

Fladgate LLP has advised leading residential developer Strawberry Star on a £75 million funding from Cheyne Capital for its mixed-use development, Lu2on. Lu2on, which is expected to complete Phase 1 in 2021, is on a 6.8-acre site which was formally part of the Vauxhall Motors. The funding will finance the construction of the first phase […]

Treating Customers Fairly: FCA and PRA guidance on treating customers fairly – Impact on commercial lending market

Charles Proctor, Ottilia Csoti |

Commercial lending mostly sits outside the FCA and PRA’s scope for regulation. However, though lending to business customers is generally not a regulated activity in the UK, due to the impact of the Covid-19 pandemic on businesses and particularly on SMEs, the FCA and PRA are collecting data, monitoring and publishing updated guidance in relation […]

Fladgate advises Patron Capital on the £129m sale of Arlington Business Park to CapitaLand

Gideon Dabby-Joory, Jamie Hamilton, Mark Harnett, Eddie Powell, Mike Tremeer, Elliot Lewis, Hamilton Forrest, John Forde, Miles Crawford, Roland Brandman, Charles Proctor |

Fladgate has advised Patron Capital, the pan-European institutional investor focused on real-estate backed investments and their JV partner APAM, on the sale of Arlington Business Park (ABP) to Singapore’s CapitaLand for a total consideration of £129.25 million. Patron Capital and APAM acquired the business park in 2015, and Fladgate advised the joint venture on this […]

Fladgate sponsors the 1st Turkish British Chamber of Commerce and Industry London UK-Turkey Business Forum

Ravi Goonesena, Charles Proctor, David Robinson |

Fladgate is delighted to sponsor the 1st Turkish British Chamber of Commerce and Industry (TBCCI) London UK-Turkey Business Forum, after joining TBCCI in January to expand the reach of its international desk to this significant emerging market economy and G20 member. To be held on 30 April 2020, the TBCCI Forum provides a networking and […]

English High Court recognises Bitcoin as property

Paul Airley, David Lee, Charles Proctor, David Robinson |

In our article of December 2019 we reviewed the UK Jurisdictional Task Force’s Legal Statement on the Status of Cryptoassets and Smart Contracts, which considered key legal questions about cryptoassets and smart contracts. Whilst traditional legal analysis suggests that cryptoassets would not be recognised as “property”, the Legal Statement sets out compelling reasoning to conclude that cryptoassets could in fact […]

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 […]

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 […]