Distressed Debt and Claims Trading
Overview
Crowell & Moring U.K. LLP is a global leader in the distressed debt and claims trading market. In the 1990s, we represented a number of the investors who pioneered trading in the distressed bank loan market and, since that time, have helped create documentation, standards, customs, and other legal best practices that have since been adopted by the secondary loan trading marketplace as a whole.
Contacts
Insights
Client Alert | 4 min read | 08.18.23
Change Is a Coming: The Financial Services and Markets Act 2023
On 29 June 2023, the long-awaited Financial Services and Markets Act 2023 (the “Act”) received Royal Assent, clearing the Act’s final hurdle prior to its implementation. The Act is the framework for the UK’s post-Brexit financial legislative and regulatory landscape. Focusing on the promotion of competition, innovation and investor protections, it hopes to ensure the UK’s continued leadership in the global economy by providing “a smarter financial services framework”. While the Act is 349 pages in length, we have set out some of the key themes and regulations currently making headlines.
Professionals
Insights
Client Alert | 4 min read | 08.18.23
Change Is a Coming: The Financial Services and Markets Act 2023
On 29 June 2023, the long-awaited Financial Services and Markets Act 2023 (the “Act”) received Royal Assent, clearing the Act’s final hurdle prior to its implementation. The Act is the framework for the UK’s post-Brexit financial legislative and regulatory landscape. Focusing on the promotion of competition, innovation and investor protections, it hopes to ensure the UK’s continued leadership in the global economy by providing “a smarter financial services framework”. While the Act is 349 pages in length, we have set out some of the key themes and regulations currently making headlines.
