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Linklaters Business Services

Living Wage
ONE SILK STREET, LONDON, EC2Y 8HQ, ENGLAND
Tel:
Work 020 7456 2000
Fax:
Fax 020 7456 2222
DX:
10 LONDON CITY EC3
Email:
Web:
https://www.linklaters.com
Abu Dhabi, Amsterdam, Antwerp, Bangkok, Beijing, Berlin and 25 more

Michael Kent

Tel:
Work 020 7456 3772
Email:
Linklaters Business Services

Work Department

Financial regulation.

Position

Michael is global head of the financial regulation group, and has extensive experience in acting for investment banks, asset managers, exchanges, ATSs and clearing and settlement systems. He continues to advise OTCDeriv (a consortia of banks responsible for overseeing and developing the centralised clearing of swaps) and is currently advising on the extension of the service to cater for clearing for clients of the clearing member banks and dealers. He has particular expertise in advising and training on market abuse and multi-jurisdictional licensing and conduct issues. Michael has extensive experience in advising on regulatory enforcement work, and also in relation to acquisitions and reconstructions of banks and broker dealers, including the migration of banking/brokerage businesses to different entities and jurisdictions. He has had a lead role advising Merrill Lynch arising from the acquisition by Bank of America and was also one of the partners involved advising PWC in relation to the Lehman Brothers International administration. On the contentious side Michael advised Citi on the multi-jurisdictional MTS bond trading case. He has particular expertise advising and training on market abuse and multi-jurisdictional licensing and conduct issues.

Career

Solicitor Linklaters, London 1986-93; solicitor/consultant 1995-99; partner 1999.

Member

Lawyers Consultative Group, steering committee.

Education

Liverpool University (1983 LLB First Class Hons).


London: Corporate and commercial

Financial services

Within: Leading individuals

Michael Kent - Linklaters LLP

Within: Financial services

'One of the top few leading practices', Linklaters LLP provides 'strong strategic advice' to investment banks, investment managers and infrastructure providers across the spectrum of contentious and non-contentious matters. On the non-contentious front, the firm advises on discrete regulatory issues as well as large-scale regulatory projects relating to Brexit, ring-fencing and regulatory capital. The team continues to handle numerous mandates relating to MiFID II and led by the 'excellent' Harry Eddis has been representing Nomura International plc on the implementation of the directive. Alongside Nikunj Kiri, Michael Kent and Martyn Hopper, Eddis has  also been central to the 12 leading investment and retail banks on their implementation of the Senior Managers and Certification Regime. The 'super bright' Peter Bevan has broad-ranging financial services regulatory expertise and often puts this knowledge to good effect on behalf of entities seeking to develop new financial products. The 'very technical and knowledgeable' Sebastian Barling  provides standalone regulatory advice as well as advising on the regulatory overlay in relation to financial services M&A. On the contentious front, in addition to the presence of pre-eminent practitioners including Hopper, Kent, Kiri and 'clever and dynamic' solicitor advocate Andrew Hughes , the team also benefits from numerous more junior practitioners who are developing a strong reputation, including the 'very articulate and detail oriented' Alison Wilson, who excels at handling FCA enforcement actions on behalf of retail banks and 'user-friendly and very bright' managing associate Ben Packer, who handles contentious financial services as a function of his broader dispute resolution offering. Sarah Parkhouse retired and Carl Fernandes joined Latham & Watkins.

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London: Risk advisory

Brexit

Within: Brexit

Linklaters LLP operates across practice areas and jurisdictions to assist clients with navigating Brexit-related challenges and opportunities. In the financial services sector, the firm's depth and breadth of expertise puts it on a strong footing to advise a wide range of financial institutions on the impact of Brexit on corporate structures, reorganisation/restructuring options, financial regulatory issues (such as passporting and equivalence), jurisdiction analysis (for relocation/setting up) and employee-related issues, among others. Michael Kent, Peter Bevan and Harry Eddis are among the practitioners to note in this space. The firm also engages extensively with UK and EU trade bodies, as well as regulators; Deepak Sitlani and Mark Brown have spoken on a number of occasions at ISDA conferences. Aside from financial services, the firm advises clients from various other industries on the implications of Brexit, including retail, energy and automotive. Christopher Bellamy QC and Lucy Fergusson jointly lead the group, which also includes Nicole Kar, Charlotte Morgan and Matthew Weiniger QC.

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Corporate governance

Within: Corporate governance

Linklaters LLP, which is deservedly recognised as a 'a leader in the field', has been providing an integrated, global risk management, governance and regulatory practice since its dedicated operational intelligence group was established in 2014. The firm provides the full spectrum of advice on governance and compliance models, risk assessments, reporting, disclosure, investigations and crisis management. Tom Shropshire is advising the board and executive management of a financial institution with operations in Europe and the US on its approach to corporate governance, compliance policies and procedures and reporting frameworks. In another matter, which concerns a client's worldwide operations, Shropshire is acting for a global corporate in an assessment of its corporate governance structure and practices, and the effectiveness of its compliance procedures. Shropshire is also assisting another global company with an internal investigation into its operations in Latin America. Vanessa Havard-Williams, who demonstrates 'first-class judgment', has expertise in human rights and sustainability issues, environmental and product safety, and crisis management, among other areas. Shropshire and Havard-Williams co-lead the practice with Satindar Dogra, who has more than 20 years of experience of fraud investigations and corporate crime. Richard Cumbley has expertise in global projects involving data security incidents, regulatory investigations and large-scale privacy-related litigation. Alexandra Beidas, who leads the incentives team, acts for 40 of the companies listed on the FTSE 100, and also advises a number of FTSE 250 companies. Other notable individuals include Tom Cassels, Harry Eddis and Michael Kent. Recently promoted partner Rachel Barrett and managing associate Lucy Blake are also highly recommended.

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London: TMT (technology, media and telecoms)

Fintech

Within: Fintech

With global breadth, strength in depth and a formidable line in high-end financial services regulatory work, the 'superb' practice at Linklaters LLP adopts 'a multi-disciplinary approach' and 'truly bridges the gap between finance and technology'. Harry Eddis and capital markets expert Richard Hay are 'very impressive: they cut to the chase and are pleasant to deal with'. As well as handling more conventional fintech work, the department also advises clients on technology matters relating to structured finance and capital markets: together with Michael Kent, Eddis, who has 'deep financial regulatory knowledge across markets', advised Quantile Technologies on regulatory matters pertaining to its derivatives portfolio optimisation service. Eddis and Paul Lewis, who is 'a clear leader in smart contracts, derivatives and distributed ledger technology (DLT)', acted for Clearmatics Technology Solutions and UBS, leading a bank consortium, on the development of a new inter-bank payment system involving Utility Settlement Coins. Both partners have also been advising a multinational investment bank on establishing spot and derivatives trading services involving Bitcoin and Ether. At the start-up end, technology expert Julian Cunningham-Day, who heads the group alongside Eddis and corporate expert Fionnghuala Griggs, advised regtech company Market Axess on its client contracts and the establishment of a cloud-based European data store.

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