In this post we summarise the latest Brexit developments related to asset management. EU Exit: FCA speech on Brexit preparations in financial services The FCA has published a speech delivered by its Chief Executive, Andrew Bailey, on Brexit preparations in financial services. In his speech, Mr Bailey recognises an increased level of readiness for a potential ‘no … Read more
The Government today published an important document related to its no-deal planning (code named “Operation Yellowhammer”). This document reveals the Government’s view (as of 2 August 2019) as to the reasonable worst case scenario expected in the event of a no-deal Brexit. The Government was legally required to disclose this document following a motion introduced … Read more
As a no-deal Brexit (i.e. the UK leaving the European Union without a withdrawal agreement in place) remains a possible outcome, below is a summary of the legislative and regulatory changes that will apply in the event of a no-deal Brexit that will be of interest to listed companies and corporate law practitioners. Further detail … Read more
With a change in Government in the UK by the end of this year a distinct possibility, this morning Herbert Smith Freehills held a second roundtable with clients to discuss Labour’s radical agenda, with a particular focus on their nationalisation plans. Labour’s nationalisation programme includes Royal Mail, the energy, water and rail industries, as well … Read more
On Tuesday 23 July 2019, Anna Pertoldi and Jan O’Neill delivered the latest in our series of webinars for Herbert Smith Freehills clients and contacts spotlighting legal and practical issues relevant to litigating cross-border disputes. This webinar focused mainly on the Hague Convention on Choice of Court Agreements 2005 which applies where there is an exclusive jurisdiction … Read more
The future relationship between the UK and the EU remains uncertain. The current exit date is 31 October 2019, unless: (i) the Withdrawal Agreement is ratified sooner; or (ii) the UK and the remaining EU27 agree a further extension. The orderly withdrawal provided by the Withdrawal Agreement offers certainty to all parties, but the new … Read more
The results of the Conservative leadership election will be announced on 23 July 2019. Following this, a new Prime Minister is expected to be confirmed on 24 July 2019: shortly before Parliament’s expected summer recess on 25 July 2019. The two candidates remaining in the Conservative leadership race have extremely different views on how to … Read more
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
