Soft law, hard sanctions
It turns out that the next risk front facing business and promising to reshape the role of general counsel is a piece of legislation notorious among lawyers for having no teeth and little direct liability for companies.
Brexit and the financial services industry | CMS Cameron McKenna
Legal Briefing
At the risk of woeful understatement, the City responded to the referendum result with some surprise and disappointment. The Leave vote may not be legally binding, but the government has committed itself to implement Brexit and it is a question of understanding the consequences.
Ready for anything
Days after the August bank holiday weekend, the former head of the British Civil Service, Gus O’Donnell, returned to Whitehall to catch up with former colleagues and host a live broadcast titled The Leavocrats on Radio 4.
Specialised dispute resolution in cross-border financial disputes: mind the gap | P.R.I.M.E. Finance
Legal Briefing
When drafting legal documentation pertaining to a sophisticated financial transaction, there is a lot to consider. The relevant agreements can be voluminous and the concepts reflected most certainly complex. Probably one of the more underestimated matters in this process is the jurisdiction clause.
Artificial bad, intelligence good
Paul Gilbert argues that AI has become a marketing gimmick that obscures the shortcomings of legal teams. The words ‘artificial intelligence’ bother me. I want to have a little rant about the words, but I also want to challenge the way in-house lawyers approach technology. On the words, I can legitimately stand accused of using …
Financial List – reflections one year on | Travers Smith
Legal Briefing
Drawing on specialist judges from both the Chancery Division and the Commercial Court, the Financial List was introduced on 1 October 2015 and is designed to deal with disputes related to the financial markets, as well as complex, high-value claims concerning financial products.
Brits abroad: what are the options post-Brexit? | Magrath Sheldrick LLP
Legal Briefing
Following the result of 23 June 2016 Brexit referendum, many British citizens are concerned with what potential travel restrictions and immigration regulations may be implemented when travelling to EU countries after the UK leaves the EU. A number of potential scenarios have been identified.
The governance dilemma
Stefan Stern forecasts that GCs will be forced to address a renewed attempt to fix what ails governance in UK plc Who knew that the staid term ‘corporate governance’ could create so much excitement? That Latinate phrase seems designed to reassure: ‘governance’ suggests order, calm, and mastery. But the chaps in the boardroom – and …
Dispute resolution provisions: the impact of Brexit | Druces LLP
Legal Briefing
Of all the clauses in a contract, dispute resolution provisions require perhaps the greatest degree of crystal ball gazing. Contract drafters need to ensure that the clause will be effective in putting any dispute in the hands of a competent and effective court or tribunal at the earliest opportunity. But now we have Brexit. We …
Continue reading “Dispute resolution provisions: the impact of Brexit”
Perspectives: Geoffrey Timms
I’ve been lucky. I didn’t always want to be a lawyer. I used to party a lot; I liked going out. I always have done. In my twenties my girlfriend suggested I do something with my life instead of faffing around. She binned me.
Brexit: so many angles north of the border | Brodies
Legal Briefing
The implications for the Scottish market in light of the recent Brexit vote, like the rest of the UK, remain unclear, with the inevitable lengthy negotiation period on the terms of our exit still yet to come. Many of the same issues arise here as in the UK, but there are a number of Scottish …
Continue reading “Brexit: so many angles north of the border”
Profile: Michael Shaw, The Royal Bank of Scotland
‘It was ambition that made me decide to leave Barclays,’ declares self-confessed deal junkie Michael Shaw, who resigned from his role as the bank’s deputy general counsel in the summer of 2015. Shaw was eager to pursue a weightier leadership role after six years serving as the ‘apprentice’. Bob Hoyt had succeeded Mark Harding as …
Continue reading “Profile: Michael Shaw, The Royal Bank of Scotland”