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Chambers of Ewan McQuater QC and Adrian Beltrami QC

Work 020 7831 8441
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Michael Blair QC

Work 020 7831 8441
3 Verulam Buildings (Chambers of Ewan McQuater QC and Adrian Beltrami QC)


Queen’s Counsel in independent practice, specialising in financial services.


Called Middle Temple 1965 (bencher 1995; treasurer 2008); Lord Chancellor’s Department 1966-87 (under secretary 1982-87); circuit administrator, Midland and Oxford Circuit 1982-86; head Courts and Legal Services Group 1986-87; general counsel Securities and Investments Board 1987-98; general counsel to the Financial Services Authority 1998-2000; elected member General Council of the Bar 1988-98; member, General Management Committee of the Bar Council 1989-98; chairman Professional Standards Committee of the Bar Council 1994; chairman Bar Association for Commerce, Finance and Industry 1990-91, vice-president 1993 to date; member Council of Legal Education 1992-97; chairman Bar Conference 1993; treasurer of the Bar Council 1995, 1996, 1997, 1998; Queen’s Counsel Honoris Causa, 1996; member, Competition Appeal Tribunal 2000 to date; director Financial Services Compensation Scheme 2000-05; chairman, Personal Investment Authority 2000-02; chairman, Investment Management Regulatory Organisation 2000-02; chairman, Securities and Futures Authority 2001-02; chairman, Review Body on Doctors’ and Dentists’ Remuneration 2001-07; president Guernsey Financial Services Tribunal 2002-09; board member, Dubai Financial Services Authority 2003-13; chairman, SWX Europe Ltd (the London Swiss Equities Exchange) 2008 to 2009; board member Chicago Mercantile Exchange Europe Limited 2013 to date.




Member Competition Appeal Tribunal; Bencher, Honourable Society of the Middle Temple.


Rugby School; Clare College, Cambridge (1962 MA; 1965 LLM); Yale University, USA (1964 MA).


Theatre, music, skiing (cross-country); member Athenaeum Club.

London Bar

Banking and finance (including consumer credit)

Within: Leading Silks

Michael Blair QC - 3 Verulam BuildingsExtremely experienced across a broad range of banking issues.

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Financial services regulation

Within: Leading Silks

Michael Blair QC - 3 Verulam BuildingsA hugely respected silk within the financial services community.

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Legal Developments worldwide

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  • Communiqué on Equity Crowdfunding Is Officially Published

    By way of background, in January 2019, the Capital Markets Board (“ CMB ”) had issued an announcement on its website on the Draft Communiqué on Equity Crowdfunding [1] . The CMB has now officially published the Communiqué on Crowdfunding No. III-35/A (“ Communiqué ”), on October 3, 2019. The Communiqué entered into force as of October 3, 2019.
  • Beneficial Ownership Concept new interpretation from the Russian federal tax service

    The recent interpretative letter issued by the Russian Federal Tax Services (“FTS”) on 08th August 2019, has provided further guidance as to the application of the Beneficial Ownership Concept, further to the letter initially provided on the 12th of April 2018 which adopted a strict approach of the concept. 
  • Cyprus and Netherlands Double Tax Treaty Update

    Cyprus has concluded the negotiations for the avoidance of double taxation with the Netherlands. The double tax treaty was agreed at technocratic level in Hague. It is expected to be signed by the end of 2019 or early in 2020.
  • Vacancy - Senior Corporate Lawyer

    The Senior Corporate Lawyer, who will be reporting to Partners, will be working with both the firm’s legal team as well as the financial services team. The successful candidate will be requested to show initiative, take on certain responsibilities within the firm, work in a multinational environment and will immediately be given the opportunity to further advance their career within the law firm.

    The judgment of the Court of Justice of the European Union (CJEU) on February 26, 2019, in the “Danish Beneficial Ownership Cases”, can be perceived as a landmark on the interpretation of the Beneficial Ownership concept under the Interest and Royalties Directive (IRD) and the Parent-Subsidiary Directive (PSD).
  • Court of Justice rules on source of income for Derivative Residence applications

    On 2 October 2019, the Court of Justice delivered its judgment in Bajratari v Secretary of State for the Home Department (Directive 2004/38/EC) Case C-93/18 which concerns Chen applications and the source of funds for self-sufficiency. 
  • End of the ‘centre of life test’ in Surinder Singh cases?

    In the recent case of  ZA (Reg 9. EEA Regs; abuse of rights) Afghanistan   [2019] UKUT 281 (IAC ), the Upper Tribunal found that there is no basis in EU law for the centre of life test, as set out in Regulation 9(3)(a) of the Immigration (European Economic Area) Regulations 2016 (the “Regulations”). It further found that it is not to be applied when Judges assess  Surinder Singh  cases that appear before them.

    Italian rules on jointventures concerning public procurement and concession contracts are set out inlight of the European legal framework provided for in Directive 2014/23/EU and 2014/24/EU of the European Parliament and of the Council. The European rules aim to ensurethe best use of public money so that EU citizens benefit from strategicinvestments and services at fair prices. In this context, public procurementand concessions represent key instruments that need to be regulated and standardisedin order to ensure free movement of goods, freedom of establishment and freedomto provide services.
  • Terms of employment as a sole representative

    In this article we examine the working arrangements of sole representatives, looking at the terms and conditions of employment that the Home Office will expect a sole representative to have in order to qualify as a representative of an overseas business.  
  • Can Sole Representatives Be Shareholders?

    The Immigration Rules require that an applicant for a  sole representative visa  is not “a  majority shareholder in the overseas business”.