Legal Briefing

Market abuse regulation – what are the key issues post-implementation? | Ashurst

The revised Market Abuse Regulation (MAR) came into force on 3 July 2016. Like several similarly important European initiatives, it suffered delays in its finalisation. Unlike certain other important initiatives (such as MiFID II), it did not benefit from a delay. Therefore, large parts of the industry spent the early stages of 2016 hurrying to …

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Brexit and the financial services industry | CMS Cameron McKenna

At the risk of woeful understatement, the City responded to the referendum result with some surprise and disappointment. The Leave vote may not be legally binding, but the government has committed itself to implement Brexit and it is a question of understanding the consequences.

Specialised dispute resolution in cross-border financial disputes: mind the gap | P.R.I.M.E. Finance

When drafting legal documentation pertaining to a sophisticated financial transaction, there is a lot to consider. The relevant agreements can be voluminous and the concepts reflected most certainly complex. Probably one of the more underestimated matters in this process is the jurisdiction clause.

Financial List – reflections one year on | Travers Smith

Drawing on specialist judges from both the Chancery Division and the Commercial Court, the Financial List was introduced on 1 October 2015 and is designed to deal with disputes related to the financial markets, as well as complex, high-value claims concerning financial products.

Brits abroad: what are the options post-Brexit? | Magrath Sheldrick LLP

Following the result of 23 June 2016 Brexit referendum, many British citizens are concerned with what potential travel restrictions and immigration regulations may be implemented when travelling to EU countries after the UK leaves the EU. A number of potential scenarios have been identified.

Dispute resolution provisions: the impact of Brexit | Druces LLP

Of all the clauses in a contract, dispute resolution provisions require perhaps the greatest degree of crystal ball gazing. Contract drafters need to ensure that the clause will be effective in putting any dispute in the hands of a competent and effective court or tribunal at the earliest opportunity. But now we have Brexit. We …

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Brexit: so many angles north of the border | Brodies

The implications for the Scottish market in light of the recent Brexit vote, like the rest of the UK, remain unclear, with the inevitable lengthy negotiation period on the terms of our exit still yet to come. Many of the same issues arise here as in the UK, but there are a number of Scottish …

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The impact of Brexit on the passporting rights of banks, investment firms and other financial institutions | Cleary Gottlieb Steen & Hamilton

Close to five-and-a-half thousand British firms currently hold ‘passporting’ rights provided under various of the Single Market directives, which allow a financial services firm authorised in one European Economic Area (EEA) member state to provide certain regulated services (eg deposit-taking, lending, payment services, investment services) across the EEA without requiring separate authorisation in the other …

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A Comparison Between EU Directive 95/46/EC and Data Protection Legislation in Turkey | ELIG Gürkaynak Attorneys-at-Law

Turkey’s newly enacted Law on Protection of Personal Data (DP Law) is based on EU Directive 95/46/EC (the Directive). Although the DP Law is mainly based on the Directive, it is not identical and it differs from the Directive in certain points. The main difference between the Directive and the DP Law is that Directive focuses …

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GCs, do you benefit from the technological change in Contract Lifecycle Management? | Comarch

Organisations with many departments and multiple sales channels facing numerous problems in the area of contract management. Among those can be lack of strict procedures who and when should prepare contract, who and why should this contract accept in formal way, finally who should decide from business point of view about risk and opportunities that …

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