News & Events

Financial Services

Outer Temple's Andrew Spink KC will be attending the Financial Services Lawyer Association (FSLA) event on Tuesday 20th June 2023.

Andrew Spink KC to lead panel session at ‘The Bank of England’s Approach to Enforcement’ hosted by FSLA

Andrew Spink KC will lead the panel discussion at an event hosted by the Financial Services Lawyer Association (FSLA) on 20th June to discuss The Bank of England’s approach to the changes in their enforcement policies, with keynote speech by Olie Dearie from The Bank of England. After an introduction by Olie Dearie, Head of the Enforcement and Litigation Division at The Bank of England, there will be a discussion and chance to put questions to Olie and the rest of the panel regarding the proposed changes to the Bank of England’s enforcement policies. The changes – which are subject to consultation – are designed to create a single statement of policy identifying the various enforcement policies and procedures across…

News 16 Jun, 2023

David Russell QC to speak at DIFC Family Business Master Workshop

Outer Temple’s David Russell QC will be speaking at the DIFC Family Business Master Workshop entitled ‘Structuring Family Business in Extraordinary Times’, which will be held on Thursday 15 September 2022 in Dubai. The DIFC Family Business Master Workshop ‘Structuring Family Business in Extraordinary Times’, is an event aimed to share recent updates on family business regulation and how the Centre responds to the needs of family-run institutions. Outer Temple’s David Russell QC will be sharing his expert knowledge on the topic of ‘structuring family businesses’. The event will be held on Thursday 15 September 2022 from 9:30 am – 11:00 am, at Waldorf Astoria- DIFC. Please click here to find out more and to register for the workshop. Find…

Events 8 Sep, 2022

Deborah Sabalot published by LexisNexis Butterworths

One of Outer Temple’s Professional Associates Deborah Sabalot, has recently been published by LexisNexis Butterworths. Her handbook is entitled ‘Butterworths Securities and Financial Services Law Handbook 23rd edition’. ‘Butterworths Securities and Financial Services Law Handbook 23rd edition’ by Deborah Sabalot, has been described as the most comprehensive curation of consolidated UK legislative material on the financial services industry. Presented across two volumes, this annual handbook brings together the primary, secondary and European legislation which forms the regulatory framework for the financial services industry. To complete this comprehensive work, lists or tables of all amending enactments are included at the beginning of each Act, statutory instrument and European Directive and Regulation. Click here to view where you can purchase the handbook.…

External Publications 17 Jun, 2022

Henry Reid

Henry Reid joins Outer Temple’s commercial team

Outer Temple Chambers is delighted to welcome Henry Reid to our commercial law team.  Henry Reid’s practice covers a wide array of commercial, chancery and financial services matters with an emphasis on commercial litigation, contentious and non-contentious financial services, regulatory investigations and banking law. A former pupil of Outer Temple, Henry returns to us after building a career in both legal services and financial services. He recently spent five years at Signature Litigation LLP, a specialist law firm handling major and complex litigation, arbitration and regulatory investigations. During his time there, Henry worked on a number of significant matters, most notably on disputes in the Commercial Court concerning civil fraud, banking and finance and professional negligence as well as advising…

News 11 Jan, 2022

Oliver Powell joins panel discussion concerning Investigations and Enforcement Action in the Financial Services Sector

Oliver Powell was invited to sit on a panel discussion hosted by Brodies LLP which discussed the Financial Conduct Authority’s criminal investigatory and enforcement powers. Other panellists included: Paul Marshall, Partner Brodies LLP; James Millwards, Senior Associate Brodies LLP; and Lisa Kinroy, Associate Brodies LLP. The session was well attended by a large number of FCA-regulated professionals and businesses. The session examined: the FCA’s current enforcement priorities and strategy;the differences that apply as between Scotland and England;the conduct of an FCA investigation, including its powers to compel attendance at interview and the production of documents; andthe key protective steps financial services professionals and businesses can take in the event that they become the subject of enforcement action by the FCA.…

News 26 Nov, 2021

LIBOR transition: ISDA Protocol first mover disadvantage and other international perspectives

Justina Stewart and Chloë Bell, together with Hanif Virji of Vivadum, have written a feature article in the Journal of International Banking & Financial Law. The article considers the key international developments relating to LIBOR transition. The authors conclude that parties should exercise significant caution before signing up to the ISDA 2020 IBOR Fallbacks Protocol. You can read the article here. About the author Justina Stewart is a commercial chancery barrister. She is ranked as a leading junior in banking and finance, commercial dispute litigation and insolvency, and is appointed to the Attorney General’s Panel of Junior Counsel to the Crown. Chloë Bell is a commercial and public law barrister. She was formerly a judicial assistant to Lord Mance at…

News 9 Feb, 2021

Cryptoassets; English Freezing and Proprietary Injunctions

If your client is the victim of fraud, and some of the fraudster’s assets are cryptoassets, can you get a freezing or proprietary injunction over them from the English courts? Robert Rhodes QC answers this question in the latest edition of US-China Law Review. The fundamental question is: Are cryptoassets “property”, so as to be capable of being the subject of an injunction? Recently, this has been the subject of various decisions in the UK High Court, culminating in AA v Persons Unknown [2020] EWHC 3556, where Bryan J held that although cryptoassets are neither things in possession nor things in action, they are a third category of “property” which English law recognises, and so they can be the subject…

External Publications 13 Jul, 2020

Remote hearings and electronic bundles – reflections on the Lloyds GMP case

Practical tips for remote hearings and electronic bundles – Nicholas Hill reflects on a seven-day trial by Skype in the Lloyds GMP litigation. Nicholas Hill recently acted, led by Andrew Short QC, and instructed by Ivan Walker of Walkers, for the Eighth Defendant in the second substantive trial in the Lloyds Banking Group Pension Trustees Limited GMP litigation. The 2018 Judgment [2018] EWHC 2839 (Ch) confirmed that pension scheme trustees are required to adjust non-GMP benefits to equalise overall scheme benefits. The proceedings earlier this month concern the impact of the equalisation obligation on transfers out. Judgment is awaited. Nick sets out some practical tips and observations about the use and impact of technology adopted in the recent trial. In the…

Legal Blogs 26 May, 2020

High Profile Financial Services and Pensions Judgment; Adams v Options SIPP UK LLP

Adams v Options SIPP UK LLP (formerly Carey Pensions UK LLP); Nicholas Hill comments on the Judgment two years in the making: clarity and relief for SIPP operators and execution only financial services businesses. In March 2018 the Chancery Division heard the high-profile test case on the liability of Carey Pensions UK LLP, a provider and administrator of self-invested pension plans (SIPPs), to the Claimant investor, whose underlying investments were alleged to have been manifestly unsuitable. A little over two years later Judgment has finally been handed down. The SIPP industry (and indeed a wide range of institutions conducting business on an execution-only basis) will welcome the Judgment. Case Note Nicholas Hill has written a short case note considering the Judgment…

Legal Blogs 21 May, 2020

Cryptoassets and Smart Contracts

On 18 November 2019 the Chancellor of the High Court, Sir Geoffrey Vos, launched the UK Jurisdiction Taskforce’s Legal Statement on Cryptoassets and Smart Contracts which he described as a ‘watershed for English law’. Outer Temple Chambers’ Andrew Spink QC, Stephen Butler and Chloë Bell comment on the statement and offer some preliminary thoughts on its impact and scope, which can be read here.

News 25 Nov, 2019

Ian Johnston addresses the Global Financial Risk Management Conference in Shanghai

Ian Johnston, a Professional Associate member at OTC, today addressed the Global Financial Risk Management Conference at the Lujiazui Financial City in Shanghai. Ian shared his views on the international regulatory framework and the opportunities for cooperation amongst industry, academia and regulators. Ian also commented on the common issues faced by international financial centres, drawing on his experience as a former CEO of the Dubai FSA, regulator of the Dubai International Financial Centre (DIFC). The Lujiazui Financial City is a Special Financial Zone in Shanghai. Both Shanghai and the DIFC feature in the top 10 financial centres on the Global Financial Centres Index. Ian Johnston has recently retired as Chief Executive of the Dubai Financial Services Authority and is a Professional Associate at Outer Temple…

News 21 Nov, 2019

Michael Bowes QC speaking at AMLP’s 8th Annual Anti-Bribery & Corruption Forum

Michael Bowes QC has been invited by the AMLP Forum, the financial crime and corruption association, to speak at its Annual Anti-Bribery and Corruption Forum in London. The Forum is to be held on the 17-18th October 2019, Exchange House, City of London. The cross-industry Forum brings together leading stakeholders to examine the latest international and local anti-bribery & corruption (ABC) regulatory & law enforcement strategies and evolving best compliance practices. Michael will speak on ‘The Global anti-corruption risk map – latest trends, challenges and priorities’ Andrew will speak on the panel alongside panel member Patrick Moulette, Head of Anti-Corruption Division, OECD. The forum will feature panels of leading experts who will examine and provide essential updates on: G20/B20 new…

News 9 Oct, 2019

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