Our client saw the opportunity to expand its services into a range of international jurisdictions including the United States, United Kingdom and Hong Kong. They needed advice as well as additional bandwidth and realised that outsourcing all this work to a traditional external law firm would be difficult to manage and extremely costly.
We provided a team of senior and experienced lawyers for close to 24 months to sit on-site with the client and manage delivery of this project. The work included reviewing current policies and procedures, drafting international license applications and looking at the regulatory and compliance requirements for a wide range of complex financial products. Our team was able to increase internal awareness and knowledge of the issues, improve efficiency and reduce cost.
LOD lawyer said:
This was such an incredibly interesting project. I gained great familiarity with the European framework governing OTC derivatives as well as an understanding of the various aspects of the derivatives clearing business. I enjoyed the exposure to the various business teams, and was grateful to have worked with a talented in-house team that had experience working in other exchanges/clearing houses. It was incredibly exciting to see the recognition that the client received at the end of the project.