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What does the Brexit deal mean for UK financial services?

Author headshot imagePosted by , Partner

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With the UK-EU Trade and Cooperation Agreement now having been signed, what does this mean for the financial services industry, a sector which contributes 7% to the UK economy.

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What is the legal status of digital currencies?

Author headshot imagePosted by , Solicitor

Following their boom in 2017 and subsequent dip in popularity, the widespread use (and perception, to some extent) of digital currencies has stabilised in recent years. They are now expected to play an increasingly important role within mainstream financial services in the years to come.

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Preparing for Brexit: data protection and banks

Author headshot imagePosted by , Senior Associate

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As 1 January 2021 is fast approaching, we look at how this may impact on the flow of personal data between the UK and the EU, and what Banks can do to prepare.

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A ‘drive’ in the right direction

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Indian-highway

Punjab National Bank (International) Ltd v MBL Highway Development Company Ltd: Success in US $17 million cross border banking claim

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HMRC gets podium position

Author headshot imagePosted by , Senior Associate

HRMC-podium-position

The Finance Act 2020 will result in HMRC salvaging its status as a preferential creditor for insolvencies that commence on or after 1 December 2020.

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The Corporate Insolvency and Governance Act 2020: Yet another saga!

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The Corporate Insolvency and Governance Act 2020 (“CIGA”) was first published in May 2020 and obtained Royal assent on 25 June and came into force on 26 June 2020. Amendments made to the Act are as follows.

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Deceased Indian customers and frozen UK bank accounts

Author headshot imagePosted by , Associate

Indian-women-sad

Banks continue to release funds without a Grant of Representation where the monies in question are of a low value; each bank differs in what it classes as low value with some releasing funds up to £10,000 and others willing to release funds up to £50,000 after a customer has died.

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The impact of unconscious bias in Financial Services M&A transactions

Author headshot imagePosted by , Partner

In any financial services M&A transaction, plenty of consideration is given to the technical aspects of the deal and the regulatory, financial and legal analysis that should be undertaken by buyers as part of the transaction process. But what of the psychological aspects particularly the unconscious influences that impact decision making?

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The future of financial services: Cybersecurity and fraud issues

Author headshot imagePosted by , Senior Associate

UK Finance has just published its 2020 Half Year Fraud report, which revealed that in the first half of the year, a total of £207.8 million was lost to authorised push payment (APP) fraud.

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Rishi Sunak sets out post-Brexit financial services regime

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“Financial services will be essential to our economic recovery from coronavirus, creating jobs and growth right across our country.”

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Royds Withy King advises Fidelius on simultaneous M&A transactions

Author headshot imagePosted by , Partner

Royds Withy King have advised long time client, £1.5bn asset under management wealth management group Fidelius Financial Holdings on a complex deal leading to the creation of a powerful new strategic partnership with Pacific Asset Management (PAM), the core asset management business of Sir John Beckwith’s Pacific Investments.

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Royds Withy King advise on merger creating £450m AUM financial services group

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The Corporate team at Royds Withy King in Bath has advised on the merger between two financial services firms which creates a full service wealth proposition with £450m of assets under management.

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