Published on: 03 March 2025
Published by a LexisNexis Ireland - Banking & Financial Services expert
Balancing innovation, expansion and regulatory adherence is rarely straightforward. With supervisors intensifying their oversight and supervision of payment and e‑money firms, Arthur Cox stands ready to help you to ‘move fast and fix things’.
Experience repeatedly shows that adopting a ‘move fast and break things’ mindset can carry hefty financial consequences. As Frei and Morriss (2023) note in Move Fast & Fix Things: The Trusted Leader’s Guide to Solving Hard Problems, the most effective leaders tackle problems at speed while taking responsibility for the outcomes and well-being of their customers, employees and shareholders; they move fast and fix things.
As regulators strive to keep pace with relentless innovation across financial services and fintech, payment and e‑money firms should anticipate a more sophisticated and technologically advanced approach to regulatory supervision and scrutiny. To prepare, we have outlined some of the key shifts and developments that these types of firms should expect to encounter over the next twelve months. In preparation for this landscape, we have set out the principal changes and developments firms should expect to see over the coming year.
A range of new directives and regulations will come into...
When evaluating a general damages claim, the practitioner ought initially to refer to the Judicial College Guidelines (JCG)...
This Practice Note This Practice Note reviews mechanisms used in settling litigation. A Tomlin order consists of a consent order paired with a schedule. It operates to stay proceedings on terms that have been agreed. The provisions contained in the schedule may remain confidential. This Practice Note describes the scope of confidentiality attaching to the schedule and sets out how it differs from a standard consent order. Sample wording for a Tomlin order is included, alongside links to precedents, as well as guidance on court approval. It also addresses varying, setting aside and enforcing a Tomlin order, including the considerations the court will take into account when handling applications for each. Further guidance is provided on interpreting and applying the relevant provisions of the CPR; however, some courts and divisions impose very specific requirements for both drafting and approval, and for approaching the schedule and confidentiality issues. Accordingly, you must consider the particular rules and court guide provisions in the forum where your claim is proceeding when drawing up the Tomlin order...
Date [ date ] Parties [ name of Landlord ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Landlord) [ name of Tenant ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Tenant) [ [ name of Guarantor ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Guarantor) ] [ [ name of Mortgagee ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Mortgagee) ] Definitions Within this Deed, the terms below shall be interpreted as follows: [ Annual Rent • the annual sum reserved under the Lease; ] [ Insurance Rent • the Tenant’s share of the Landlord’s costs of insuring the Property (as set out in the Lease); ] Lease • the lease of the Property dated [ date ], entered into between (1) [ the Landlord OR [ name ...
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