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Briefing Notes

FCA announces dates for the end of LIBOR

On Friday 5th March, the FCA announced the dates that panel bank submissions for all LIBOR settings will cease, after which representative LIBOR rates will no longer be available. In a statement, which can be accessed here, the FCA announced that the following 26 LIBOR settings will permanently cease as follows: Immediately after 31 December […]

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Druces announces new Head of Banking & Financial Services

Druces is pleased to announce that Antony Cotton has been promoted to become our Head of Banking & Financial Services.  Since joining as a foreign qualified lawyer in 2006, Antony has built a reputation as a skilled advisor in the Banking & Finance industry and is thrilled to now have the opportunity to develop the […]

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Druces strengthens Capital Markets team

Druces’ work with clients from the Middle East spans everything from estate planning for family office clients to Sharia’a finance and capital markets work. The team is delighted to welcome Rabah Saadeddine who recently joined us, having previously worked in Riyadh and Dubai. Rabah joins Druces to add to our strength in capital markets and […]

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Druces advises on Sharia’a compliant commercial property financing

Hatstone, lawyers BVI team has advised the Bank of London and The Middle East plc (BLME) on the BVI law aspects of its successful Sharia’a compliant financing of a valuable commercial property in Swindon. The team, led by Group Partner Philipp Neumann alongside Group Partner, Bella Ward, focused on the financing and corporate aspects of […]

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Druces advises Egdon Resources plc in connection with a £1.05 million subscription and convertible loan note instrument

Druces’ Capital Markets team has advised AIM-listed Egdon Resources plc in connection with subscription agreements with Petrichor Partners, LP and Jalapeño Corporation, subject to certain terms and conditions, to raise gross proceeds of approximately £1.05 million through the issue of convertible loan notes in order to fund ongoing exploration and development projects. Completion of the […]

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Radical Reform of the Companies Register

The Government has provided a response to the Corporate Transparency and Register Reform consultation, which ran from 5th May 2019 to 5th August 2019. This response was published on 18th September 2020. Companies House has noted growing instances of misuse of companies, concerns over the accuracy of the companies register and challenges to the safeguarding […]

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Druces’ client Prism Group AG acquires UAE Fintech business

Congratulations to our client, Prism Group AG and their affiliate Global Fintech Investment Holding AG, who have reached agreement with Finablr to buy its business, subject to regulatory approval. Finablr has been an important provider of cross-border financial services in the UAE and, going forwards, its new owners will work to restructure and rebuild the […]

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