Blog Archives

LIBOR TRANSITION UPDATE: q1 2021

Posted on April 20, 2021 by Christopher Wilsher

FCA announcement on future cessation and loss of representativeness of the LIBOR benchmarks In March this year, the FCA confirmed that all 35 LIBOR settings will either cease to be published by the ICE Benchmark Administration and/or will no longer …

Posted in Shorter Reads | Tagged , , | Comments Off on LIBOR TRANSITION UPDATE: q1 2021

Financial services

Posted on April 19, 2021 by Christopher Wilsher

An overview of our services within the financial services sector, ranging from corporate finance, lending, and restructuring, to funding, regulation, and the pursuit of high value and complex claims against financial institutions.

Comments Off on Financial services

Business Interruption Insurance – FCA Test Case update

Posted on July 2, 2020 by Darren Butt

The FCA’s High Court test case, aimed at resolving the issue of whether business interruption losses caused by the COVID-19 pandemic are covered under certain insurance policies continues at an aggressively fast pace with a second Case Management Conference having …

Posted in Shorter Reads | Comments Off on Business Interruption Insurance – FCA Test Case update

Is the post COVID-19 world a cashless one?

Posted on June 12, 2020 by Christopher Wilsher

The start of lockdown in March saw the use of cash in the UK halve in a matter of days. This was spurred by the closure of shops, an increase in online sales, a shift to contactless payments and concerns …

Posted in Longer Reads | Tagged , , , | Comments Off on Is the post COVID-19 world a cashless one?

Real estate businesses facing LIBOR crunch, finds Collyer Bristow research

Posted on April 16, 2020 by Christopher Wilsher

Real estate businesses are facing a LIBOR crunch, with over half of property businesses with borrowing yet to speak to lenders about alternative interest rate benchmarks, finds research commissioned by Collyer Bristow. Read the full white paper report, “Getting to …

Posted in News | Tagged , , , | Comments Off on Real estate businesses facing LIBOR crunch, finds Collyer Bristow research

A new era for open-ended funds with illiquid assets?

Posted on February 13, 2020 by Christopher Wilsher

The closing of redemption gates in several open-ended property funds after the Brexit referendum, followed by the 2019 Woodford saga, has shone a spotlight on the risk to investors of funds holding illiquid assets in stressed markets. The Financial Conduct …

Posted in Longer Reads | Tagged , , , | Comments Off on A new era for open-ended funds with illiquid assets?

Court confirms status of cryptoassets as ‘property’

Posted on February 3, 2020 by Christopher Wilsher

The claim followed an instance of blackmail using malware by the first defendant (persons unknown) against the claimant (a Canadian insurance company). The first defendant demanded a ransom of Bitcoin and the Applicant (the Claimant’s UK insurance provider) paid the …

Posted in Longer Reads | Tagged , , | Comments Off on Court confirms status of cryptoassets as ‘property’

Libor transition and loans – what borrowers in the real estate market need to know

Posted on January 29, 2020 by Alice Heathfield

The London Interbank Offer Rate (LIBOR) is the benchmark reference rate commonly used in commercial loans to calculate interest payments in variable (floating) rate loans.  LIBOR is now being phased out meaning significant changes for the loan and interest rate …

Posted in Longer Reads | Tagged , | Comments Off on Libor transition and loans – what borrowers in the real estate market need to know

SMCR implementation deadline imminent

Posted on November 27, 2019 by Christopher Wilsher

The expansion of the SMCR to cover all FCA regulated firms (from 9 December 2019) will change the way in which the directors and senior managers in those firms will approach risk. The SMCR has already closed the gaps between …

Posted in Shorter Reads | Tagged , | Comments Off on SMCR implementation deadline imminent

FCA publishes final rules on the SMCR

Posted on July 30, 2019 by Christopher Wilsher

On Friday 26 July the FCA published its final rules on the Senior Managers and Certification Regime; the complete regulations on the extension of the SMCR to FCA solo-regulated firms. The final rules, published on the FCA website, reflect the …

Posted in Shorter Reads | Tagged , , , | Comments Off on FCA publishes final rules on the SMCR