Rosenblatt’s clients across the financial services sector benefit from direct access to an exceptional array of expertise – pan-European, UK and French – concentrated into a multidisciplinary specialist team. Based at a single European location, its members work together with exceptional efficiency.
We cover a full range of traditional and innovative financial services and, whether dealing with transactions or acting as advisors, we offer our clients both in-depth knowledge and a strategic view on the matter in hand.
When it comes to handling pan-European and cross-border projects, Rosenblatt’s independence is a decisive factor. Not being confined to a formal network of international partners, we are in a position to hand-pick trusted local lawyers whose expertise precisely fits the client’s needs – and who respect our commitment to absolute transparency and tight controls on fees and costs.
Among the clients we serve are:
• Institutional investors
• Sovereign and private equity funds
• Payment service providers
• Service-providers in market infrastructure (clearing, settlement etc)
• E-money institutions
• E-commerce companies
• Unregulated entities facing a regulated entity falling into the scope of any of the above categories
Rosenblatt’s Financial Services team covers the full spectrum of legal services including lobbying, dispute resolution, advisory and transactional
We are in a position to put sound legal arguments before regulatory bodies at EU level, in the UK and in France – for instance with the aim of countering proposals which place disproportionate restrictions on your freedom of commerce throughout the EEA.
Advisory, Structuring and Contractual/Transactional
Our extensive experience – which embraces complex projects involving IT, digital, infrastructure, payment, custody and other technical matters – stands the test in non-routine situations or where the client is taking an innovative approach.
Beyond acting in an advisory capacity, we also provide hands-on expertise in transactional and contractual work.
Our litigators come together with our financial service specialists to offer clients a fully integrated resource for dispute resolution in the financial services sector.
Rosenblatt also provides legal expertise in the following areas
Contractual and Corporate
We advise regulated entities (or unregulated entities facing regulated entities) in all their customer dealings and commercial contracts, under English or French law, and especially in their relationships with service providers in areas such as IT, clearing, payment or FX.
Banking and Financial Instruments
In addition, we assist regulated and unregulated clients who are carrying out strategic acquisitions or sales in the financial services sector.
We have also supported clients in establishing new ways of operating and structuring their business – for instance through the creation of a sub-group dedicated to private banking, the transfer of activities from one country to another, or the centralisation of back-office activities.
In banking and complex financial instruments (such as derivatives), our activities are mainly focused on supplying specialist legal knowledge on non-standard transactions – for example in situations where lending is serving a regulatory purpose, or where the structuring of a complex financial scheme is driven by issues such as capital adequacy constraints and insolvency immunity.
In addition, our pan-European expertise proves particularly valuable when dealing with issues such as monopoly, confidentiality and collateral, since – notwithstanding EU law – there are still significant differences in banking and financial laws across EEA jurisdictions.
Since the global financial crisis of 2008, and supported by EU advocacy, the payments industry has gained a higher and more dynamic profile. Over the last ten years, we have been involved in a wide range of groundbreaking pan-European and global projects in the area of payments, especially (but not exclusively) in relation to both the EMD (E-Money Directives 1 and 2) and the PSD (Payment Services Directive).
Clearing, Settlement & Infrastructure
Our in-depth knowledge of back-office disciplines (such as clearing, settlement and infrastructure) has been gained through our work in financial instrument markets and cash markets, and through our activities on behalf of clearers, clearing members, clients and IT service providers. We are thus in a position to provide insightful and authoritative advice to clients facing continuing and new challenges in these areas.
We offer valuable cross-border expertise on matters such as cash pooling, cash management, cash payment and foreign exchange.
Our cross-border, cross-disciplinary team, with its expertise in both UCITS and AIFMD expertise, can aid clients in setting up any complex fund scheme to be managed or marketed within the EU, and can advise funds on any legally sensitive investment schemes (e.g. shadow banking investments made by hedge funds).
Our experience with global custodians in the areas of financial instruments and funds has given us a deep understanding of the requirements and the constraints incumbent upon them.
Asset Freeze and AML
In addition, when it comes to matters of handling cash, we have expertise in trusts, collateral directives and payments that can be readily applied to custody schemes which represent an alternative to the traditional deposit-taking schemes offered by banks.
Asset freezes resulting from EU legislation can represent a major obstacle for businesses. With our expertise in financial services and dispute resolution, Rosenblatt’s team is in a position to aid clients in minimising any negative impact caused by asset freezes and AML.