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
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
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
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
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
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
In any negotiation, it is necessary not only to seek the best terms for oneself but also to ensure that the terms can be accepted by the other side – otherwise the negotiations will have failed. Of course, this is not easy when the other side has no coherent position on what it can accept … Read more
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
