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Posted by James Worrall, Partner
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.
Posted by Shaun Young, 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.
Posted by Bharti Moore, Senior Associate
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.
Posted by Milan Kapadia, Partner
Punjab National Bank (International) Ltd v MBL Highway Development Company Ltd: Success in US $17 million cross border banking claim
Posted by Joanne Brown, Senior Associate
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.
Posted by Milan Kapadia, Partner
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.
Posted by Amish Patel, Associate
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.
Posted by James Worrall, 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?
Posted by Bharti Moore, 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.
Posted by Richard Woodman, Partner
“Financial services will be essential to our economic recovery from coronavirus, creating jobs and growth right across our country.”
Posted by James Worrall, 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.
Posted by James Worrall, Partner
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.