The following Banking & Finance practice note provides comprehensive and up to date legal information covering:
This Practice Note sets out some practical considerations for banking and finance lawyers who are new to in-house roles. It is written for banking and finance lawyers working in banks or other financial institutions. The Practice Note highlights some of the ways in which working in-house as a banking and finance lawyer may differ from working in private practice and suggests practical steps for new in-house lawyers including getting to know the bank or financial institution in question, the various policies and processes which may exist within the institution and the role of the in-house banking and finance lawyer within that institution.
For a banking and finance lawyer moving to an in-house role in a bank or other financial institution, it will be important to get to know the institution in question as well as possible, as quickly as possible, at the outset. Areas of interest are likely to include the following
Market position of the institution—information about the relevant institution is likely to be freely available online, but its website and annual report will be useful starting points. The key questions include:
what is the institution's main area of business?
what different divisions and businesses does it have and what types of customers do the various businesses service?; and
what position does it hold
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What is QOCS?Qualified one-way costs shifting (QOCS) was introduced on 1 April 2013 as part of the Jackson costs reforms following the removal of a claimant’s right to recover additional liabilities from the defendant, ie success fees and after the event (ATE) insurance premiums. The relevant CPR
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