Expert Analysis

• Examining PayPal's Venture Into The Stablecoin Market

  

  PayPal’s recent release of a stablecoin pegged to the U.S. dollar may represent a groundbreaking innovation or could fail as others have before it, and policymakers in the U.K. and the EU will be watching the impact of this new crypto token with a keen eye, say Ben Lee and Dion Seymour at Andersen.

• High Court Dechert Ruling Offers Litigation Privilege Lessons

  

  While the recent High Court ruling in Al Sadeq v. Dechert LLP, which concerned torture conspiracy allegations against the firm, held that litigation privilege can be claimed by a nonparty to proceedings, the exact boundaries of privilege aren't always clear-cut and may necessitate analyzing the underlying principles, says Scott Speirs at Norton Rose.

• FCA Consumer Duty May Pose Enforcement Challenges

  

  The new U.K. Financial Conduct Authority consumer duty sets higher standards of customer protection and transparency for financial services firms, but given the myriad products available across the sector, policing the regulations is going to be a challenging task, says Alessio Ianiello at Keller Postman.

• GDPR Proposal Would Lead To Changes In Enforcement

  

  The European Commission recently proposed rules to harmonize member state approaches to General Data Protection Regulation enforcement, and if they're implemented the coordination may mean answering for breaches in multiple jurisdictions when it would have been limited to one previously, say Anne-Gabrielle Haie and Leigh Mallon at Steptoe & Johnson.

• What To Know About AI Fraudsters Before Facing Disputes

  

  The potential of artificial intelligence to augment fraudsters' efforts is arguably unprecedented, so lawyers will swiftly need to become familiar with the fundamentals of AI to deal with it in the context of disputes, says Daniel Wyatt and Christopher Whitehouse at RPC.

• UK Insolvency Reform Review Shows Measures Are Working

  

  The U.K. Insolvency Service's recently published review of legislative reforms to the corporate insolvency regime demonstrates that despite being underutilized, the measures have been shown to help viable companies survive, and with the current difficult economic environment, will likely be an important aspect of organizational restructuring going forward, says Kirsten Fulton-Fleming at Taylor Wessing.

• More UK Collective Actions On The Horizon After Forex Ruling

  

  A U.K. appeals court's recent decision in Forex case Evans v. Barclays is likely to significantly widen the scope of opt-out collective proceedings that can be brought, paving the way for more class actions by prospective claimants who have previously been unable to bring individual claims, say Robin Henry and Tamara Davis at Collyer Bristow.

• FCA Listing Reform Proposals Aim To Modernize UK Markets

  

  The U.K. Financial Conduct Authority's recent proposals to reform listing rules will enhance equities while retaining protections and high governance standards, and will also make the capital markets work more efficiently and competitively with other global markets, say lawyers at Greenberg Traurig.

• Takeaways From ICO's Action In NatWest Privacy Dispute

  

  The U.K. Information Commissioner’s Office's latest intervention in the Nigel Farage NatWest Bank dispute highlights the importance of the legal responsibilities of all data processors in possession of sensitive information, and is a reminder that upholding bank customers' privacy rights is paramount, says James Kelliher at Keller Postman.

• Employer Steps Ahead Of Sexual Harassment Prevention Law

  

  A new Parliamentary bill on employers' duties to prevent sexual harassment in the workplace is expected to enter into force next year, so companies should prepare by rethinking their prevention strategies to avoid fines or being investigated by the Equality and Human Rights Commission, says Joanne Moseley at Irwin Mitchell.

• How Russia Sanctions May Complicate Contract Obligations

  

  Against the backdrop of recent comprehensive sanctions against Russia and Belarus, a review of recent U.K. case law clarifies that certain force majeure clauses likely cover trade sanctions, and that future litigation will further develop the scope of force majeure and frustration in the context of sanctions, says Frances Jenkins at Quillon Law.

• New Guidance Offers Clarity For Charities On ESG Investing

  

  The need for charities to understand investing in line with environmental, social and governance aspirations has never been more pressing, and recently updated U.K. Charity Commission guidance should give trustees confidence to make decisions that are right for their organization, says Robert Nieri at Shoosmiths.

• US And EU Poised For Closer Ties In Tech Financial Market

  

  The Consumer Financial Protection Bureau and the European Commission are both concerned about the challenges posed by the increasing digitalization of financial products, such as the use of AI and new forms of credit, and by working together, the two regulators can share information and best practices, says Yulia Makarova at Cooley.

• FCA Case Failures Highlight Value Of Robust Investigation

  

  The recent U.K. upper tribunal judgment in Seiler, Whitestone and Raitzin v. The Financial Conduct Authority, criticizing the regulator for accepting a narrative advanced by the firm, makes clear that such admissions must not get in the way of a proper investigation to enable agencies to target the correct individuals, say Tom Bushnell and Olivia Dwan at Hickman & Rose.

• Reputation Management Lessons From Spacey Case

  

  While a U.K. jury recently acquitted actor Kevin Spacey of sexual assault charges, his reputation has been harmed, illustrating the importance for lawyers to balance a client's right to privacy with media engagement throughout the criminal process, says Jessica Welch at Simkins.