Related insights: Finance: Banking, Restructuring, Insolvency
What's next for financial regulation? Hot topics to watch in 2024
18 Dec 2023
2023 has been a year of real change for the UK financial services sector. As the days get shorter and another year draws to a close, it's time to look ahead to what might be in store for the next 12 months. Womble Bond Dickinson explores the regulatory hot topics to keep an eye on in 2024.
How could AI in financial institutions impact the push for diversity and inclusion?
14 Dec 2023
Consultations on wide-spread proposals to boost diversity and inclusion in regulated firms led by the FCA and PRA are currently open until 18 December with a view to finalising new requirements in the new year.
Womble Bond Dickinson's Becky Brook named Insider North East's Young Lawyer of the Year
11 Dec 2023
Becky Brook, a Newcastle-based associate at international law firm Womble Bond Dickinson (WBD) has been recognised as a rising star in the North East by leading business publication Insider.
Enforcement and reciprocity: flexibility in the UK courts
23 Nov 2023
Are the courts of England and Wales establishing themselves as a flexible forum for cross-border enforceability? Here, we consider this question in light of two recent High Court decisions: Re Silverpail Dairy (Ireland) Unlimited Co. [2023] EWHC 895 (Ch) (Silverpail) and Invest Bank PSC v El-Husseini & Ors [2023] EWHC 2302 (Comm) (Invest Bank). Silverpail saw the High Court of England and Wales (EWHC) recognise a scheme of arrangement proposed under the Irish examinership procedure, in a landmark post-Brexit ruling clarifying how Irish cross-border restructurings are likely to be dealt with going forward. In Invest Bank, the EWHC ruled that a foreign monetary judgment, no longer enforceable in Abu Dhabi, could nevertheless be enforced in England.
Financial crime prevention: boosting protection
15 Nov 2023
Financial crime never stands still. Lawmakers and regulators face a constant battle to protect its victims. Where possible, prevention is of course better than cure. But, where crime has caused loss, it's important to take steps to reimburse those who have suffered.
Much of 2023 has been taken up with two particular initiatives – putting reimbursement of victims of authorised push payment (APP) fraud on a formal and mandatory basis, and putting responsibilities on businesses to take steps to prevent fraud.
In this article, originally written for Compliance Monitor, Emma Radmore, Legal Director at Womble Bond Dickinson looks at what's been going on.
Much of 2023 has been taken up with two particular initiatives – putting reimbursement of victims of authorised push payment (APP) fraud on a formal and mandatory basis, and putting responsibilities on businesses to take steps to prevent fraud.
In this article, originally written for Compliance Monitor, Emma Radmore, Legal Director at Womble Bond Dickinson looks at what's been going on.
Rapidly changing ESG landscape in the spotlight as WBD releases state of play paper
07 Nov 2023
International law firm Womble Bond Dickinson (WBD) has released a new paper aiming to educate businesses on the latest Environmental, Social and Governance (ESG) laws, regulations and statements of best practice applicable in the UK.
Womble Bond Dickinson advises Britain's leading UK holiday operator on property portfolio expansion
07 Nov 2023
A multi-disciplinary team from international law firm Womble Bond Dickinson (WBD) has advised on the acquisition of two prominent golf hotel for Britain's leading UK holiday operator.
The firm has advised Bourne Leisure, owned by Blackstone-managed funds, on the purchase of Dalmahoy Hotel and Country Club and The Forest of Arden Country Club as part of the group's expansion of its Warner Leisure Hotels portfolio.
The firm has advised Bourne Leisure, owned by Blackstone-managed funds, on the purchase of Dalmahoy Hotel and Country Club and The Forest of Arden Country Club as part of the group's expansion of its Warner Leisure Hotels portfolio.
Catalysing future growth as Womble Bond Dickinson advises on £100m fundraising for Atom
02 Nov 2023
International law firm Womble Bond Dickinson (WBD) has advised the UK's first app-based bank on a successful fundraise of £100m in new equity capital.
The firm has assisted long-standing client Atom bank on its latest fundraising round, which has seen the bank raise capital from long-term shareholders BBVA, Toscafund, and Infinity Investment Partners in what is believed to be the largest private capital raise by a digital bank in the UK this year.
The firm has assisted long-standing client Atom bank on its latest fundraising round, which has seen the bank raise capital from long-term shareholders BBVA, Toscafund, and Infinity Investment Partners in what is believed to be the largest private capital raise by a digital bank in the UK this year.
Equifax: a lesson in intra group controls
20 Oct 2023
Back in 2017, significant UK customer data that Equifax Ltd held on the servers of its US parent, and for which it acted as a data controller, was compromised in a cybersecurity incident. FCA took the unprecedented step of announcing at the time that it would be carrying out an investigation. Almost exactly six years later, it published its final notice on the matter – imposing a fine of over £11 million.
Womble Bond Dickinson strengthens financial services team with key appointment
06 Oct 2023
International law firm Womble Bond Dickinson (WBD) has strengthened its financial services regulation team with the appointment of partner Michael Lewis who joins the firm's London office.
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