Monthly highlights: November 2019

Monthly highlights: November 2019

In this issue

 

Brexit
LIBOR and benchmarks
Security
Quasi-security
Asset finance
Acquisition finance
Debt capital markets
Derivatives
Sustainable finance
Securitisation and structured products
Regulation of derivatives and structured products
Restructuring
Claims and remedies
Regulation for banking lawyers

 

Brexit

FMLC updates its Brexit analysis on third country regimes in EU legislation

The Financial Markets Law Committee (FMLC) has published an addendum to its 2017 report entitled ‘Issues of legal uncertainty arising in the context of the withdrawal of the UK from the EU—the provision and application of third country regimes in EU legislation’ (the 2017 report). The addendum sets out key updates to the 2017 report. The FMLC concludes that the uncertainties highlighted in the 2017 report continue to paint a daunting picture for UK market participants who have been, and would like to continue, providing services into the EU. The risk of a ‘cliff edge’ continues to present a substantial danger of market disruption and of litigation in relation to legacy business.

UK delays accession to Hague Convention for third time

The UK government has notified the Dutch Ministry of Foreign Affairs that its accession to the Hague Convention of 30 June 2005 on Choice of Court Agreements has once again been delayed by the Brexit extension. The government notifies the ministry that the UK and Gibraltar’s accession shall be suspended until 1 February 2020. The

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About the author:

Zahra started working as a paralegal at Lexis Nexis in Banking and Insolvency teams in April 2019. Zahra graduated with a 2.1 honours in a BA French and Spanish, completed the GDL at BPP University and is seeking some experience before commencing the LPC. She has undertaken voluntary work for law firms in London, Argentina and Colombia.