Judicial speeches on litigating financial disputes and Brexit

The Courts and Tribunals Judiciary has published two speeches on litigating financial disputes by Sir Geoffrey Vos, Chancellor of the High Court, and Sir Nicholas Hamblen, Lord Justice of Appeal. In his speech, Sir Geoffrey discusses the effect of Brexit on financial services disputes in London which he considers will not be as dramatic as … Read more

Upcoming webinar: Brexit after the European Parliament elections

At the time of sending this invitation, cross-party talks between the Conservatives and Labour remain in a deadlock with no sign of agreement being reached in time for ratification of a withdrawal deal before the forthcoming European Parliament elections. With this in mind, UK voters are going to be asked to cast votes for new … Read more

Upcoming webinar – Brexit and the UK’s local elections

The UK and the EU have agreed on a second Article 50 extension until 31 October 2019 which may end earlier, should a withdrawal deal be ratified prior to this date.  However, with deadlock between the Conservatives and Labour showing no signs of easing it remains unclear precisely what will happen next. In the meantime, … Read more

EU guidance on “no-deal” Brexit suggests increased risk Hague Convention on Choice of Court Agreements won’t apply to exclusive English jurisdiction clauses agreed pre-Brexit

The post below was first published on our Litigation blog As we have previously noted, there is some uncertainty over whether, following a “no-deal” Brexit, EU27 countries will apply the 2005 Hague Convention on Choice of Court Agreements where an exclusive English jurisdiction clause was agreed before exit day. This is sometimes referred to as … Read more

Brexit asset management update

In this blog post we summarise the latest developments related to asset management. EU Exit draft SI  The draft Financial Services (Miscellaneous) (Amendment) (EU Exit) (No. 2) Regulations 2019 (SI) (with draft explanatory memorandum), which makes amendments to a number of financial services EU exit statutory instruments and to Commission Delegated Regulation (EU) 2015/61, has … Read more

Impact of Article 50 extension on the UK Temporary Permissions Regime

The post below was first published on our FSR blog Following the agreement last week between the UK and the EU to extend Article 50 until 31 October 2019 11pm GMT (see our earlier post), the FCA has now confirmed that it will extend the notification window for incoming EEA firms and fund managers to … Read more

Article 50 extension until 31 October 2019 agreed

The UK and the EU have formally agreed to extend Article 50 until 31 October 2019 11.00pm GMT during the Special European Council Summit held on 11 April 2019. The extension period may end at an earlier date, if a Withdrawal Agreement is approved by the UK Parliament and its ratification in the UK and … Read more