In the face of uncertainty we tend to do nothing. This has proven to be the case for many firms when it comes to the transition away from LIBOR. Despite the risk of LIBOR’s discontinuation in 2021, many affected businesses have yet to put in place plans to move to the alternative risk-free rates (RFRs).
I recently spoke on a panel session at the 1LoD Conference in Hong Kong. The title of the session was ‘The Role of the 1st line within the evolving 3 lines of defence’ and as part of this I was asked what Asia could learn from the experience of implementing the Three Lines of Defence (3LoD) in Europe.
Led by Partner Rupert Thomas, Gordon Dadds’ Cardiff commercial real estate team acted for longstanding client Bevan Holdings Limited in the sale of Chapel 1877 to The City Pub Company as a going concern.
Gordon Dadds has advised on the sale of shares of the Electoral Reform Services Limited to Civica UK Limited, part of the Civica Group. Electoral Reform Services with its subsidiaries comprises the ERS Group, the UK’s market-leading provider of software and services for election management, membership engagement, democracy and governance systems. Electoral Reform Services is the foremost provider of end-to-end ballot, election and voting services, having originally grown out of the Electoral Reform Society which was established in 1884.
We are delighted to announce Gordon Dadds has been recognised in Chambers and Partners UK 2019.
Once again we are celebrating the inclusion of Gordon Dadds in The Legal 500, the guide to law firms in the UK.
Whether as a result of nefarious activity, self-inflicted problems or plain old bad luck, scarcely a week goes by without another major outage or data loss hitting the news. One of the most significant of these this year was the TSB system outage after a system ‘upgrade’ that left up to 1.9 million customers locked out of their accounts. The problem persisted for several weeks and resulted in secondary impacts such as fraud. It is fair to say that the firm significantly underestimated the risk, impact and duration of the problem. The reputational damage was compounded by the unfolding scenario being played out in public and ultimately cost the Chief Executive, Paul Pester, his job following rebukes from both the Treasury committee and FCA.
GD Financial Markets (GDFM) is one of the initial 11 consulting firms to partner with UnaVista in its newly launched Partner Programme extension for consulting firms.
GD Financial Markets’ Partner, Jon Szehofner, addresses some of the key questions relating to GDPR for financial services institutions: