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Sponsored Q&A: Drew & Napier

1. Could you provide an overview of the licensing and registration requirements imposed by the Monetary Authority of Singapore for foreign financial institutions seeking to establish a presence in Singapore?

Foreign financial institutions looking to establish a presence in Singapore must consider a range of licensing and registration requirements based on their intended business activities. The Monetary Authority of Singapore (MAS) is the singular regulatory authority overseeing the financial services sector in Singapore, and regulates and supervises financial institutions and their operations in Singapore. Continue reading “Sponsored Q&A: Drew & Napier”

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Banking and Finance perspectives: Chris Kandel

I actually started practising law in California, way back in the dark ages. I moved over here for two years, and I’ve been here ever since. I never really intended to be a lawyer in London at all. My lifetime ambition was to be a criminal lawyer in Baltimore. My early career could be characterised as wanting to work at a big law firm in a big city before I would go back to a smaller city and a very different law practice. As you can see, all that planning never really turned out. I haven’t touched a criminal case in a very long time. Continue reading “Banking and Finance perspectives: Chris Kandel”

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Sponsored Q&A: Deloitte

1. What are the key regulatory requirements and compliance challenges that law firms operating in Uruguay’s banking and finance sector currently face?

Capital Markets Act No 18.627 enacts the framework for companies operating in the Uruguayan Capital Market (issuers, brokers, investment advisers, etc); Law No 15.322 regulates the same for banks and all relevant entities acting as financial intermediators; Law No 16.426 regulates insurance and reinsurance framework (as well as Law No 19.678 that sets certain terms and conditions that shall be stipulated in the insurance agreements/policies); Laws No 16.713 regulates the Pension Funds Administrators (law that has been recently modified by Law No 20.130, that modified the Uruguayan pension regime); Law 16.774 rules mutual funds; and Law 19.210 and 18.573 regulates the payment system. Continue reading “Sponsored Q&A: Deloitte”

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Steadying the ship: Can the FCA strike the right balance between protection and innovation?

Nearly a year after joining the Financial Conduct Authority as CEO in 2020, Nikhil Rathi committed to making the organisation ‘more innovative, assertive and adaptive’. Two years later, some of this change is evident – particularly in its leadership. Continue reading “Steadying the ship: Can the FCA strike the right balance between protection and innovation?”

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Slaughters’ outgoing senior partner Cooke to follow fellow grandees in post-retirement pivot

Slaughter and May’s eminent senior partner Steve Cooke has become the latest law firm leader to embrace a change of direction post-retirement with the news that he is to join PR agency Brunswick Group.

Cooke (pictured) will finish his term as Slaughters’ senior partner on 30 April 2024 after which he will join Brunswick as a partner, tasked with advising clients on matters including M&A, crisis, disputes and litigation.

Continue reading “Slaughters’ outgoing senior partner Cooke to follow fellow grandees in post-retirement pivot”

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‘A springboard for greater success’: Johnston elected as next Addleshaw managing partner

Addleshaw Goddard has announced that Andrew Johnston has been successful in securing the position of the firm’s managing partner through an uncontested election, serving a four-year term to start on 1 May 2024.

Having joined the firm in 2013 to oversee the firm’s M&A practice in the Middle East, Johnston (pictured) previously worked at Clifford Chance. He became a board member in 2014 and assumed the role of head of Middle East and Asia in 2019, during which time he led the firm’s Middle Eastern business to record financial performances. Continue reading “‘A springboard for greater success’: Johnston elected as next Addleshaw managing partner”

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Greenberg expands finance team in the City with Weil hire

City of London

Greenberg Traurig announced today (27 November) that Luke Lado has joined the firm as a shareholder, bolstering its banking and finance practice in London.

He joins from Weil, where he spent two years as counsel, following five years at Latham & Watkins as a senior associate. His legal career began at Clifford Chance, where he started as a trainee and spent six years. Lado has also completed secondments to Goldman Sachs, JP Morgan and Credit Suisse. Continue reading “Greenberg expands finance team in the City with Weil hire”

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Revolving doors: Global 100 bolster ranks in Europe, Asia and the Middle East

Despite losing yet another partner in London this week to Paul Weiss, Kirkland & Ellis has continued to build its London bench with its hire of Macfarlanes tax partner Ceinwen Rees.

The firm brought tax partner James Morgan over from Linklaters earlier this month after losing Timothy Lowe and Cian O’Connor to Paul Weiss in September. Rees’ experience advising investment fund managers on structuring issues plays well to Kirkland’s core private equity focus, and alongside Morgan her hire helps bring the US giant’s London office back to strength. Both Rees and Morgan are Legal 500 leading individuals in corporate tax. Continue reading “Revolving doors: Global 100 bolster ranks in Europe, Asia and the Middle East”

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‘The transition is over’: BCLP names Jinal Shah as new UK managing partner

starry sky over the City

Bryan Cave Leighton Paisner (BCLP) announced this week that Jinal Shah will become the firm’s UK managing partner from 1 January 2024.

He is taking over from Segun Osuntokun, who served in this role since 2018, with Osuntokun now appointed as BCLP’s first global senior partner, also effective from 1 January. Continue reading “‘The transition is over’: BCLP names Jinal Shah as new UK managing partner”