We have an established track record in advising clients in financial services which include major investment and commercial banks, insurance groups and other corporate clients on how to establish tax-efficient financial services operations. We also advise on structuring and regulatory issue.
Hassans’ expert team of lawyers, headed by Nigel Feetham and Deputy Head, James Lasry, practicing across the full spectrum of financial services offering, has assisted many of the world’s leading companies in the context of their operations and other links to Gibraltar in the last thirty years. Leading the way in the development of Gibraltar’s banking, insurance, funds and investment industries, as well as, more recently, in the context of cryptocurrency and the wider DLT/fintech space (an area of significant growth), Hassans’ financial services lawyers have accumulated considerable expertise and experience, unrivalled in the local legal services market and play a key role in drafting financial services, banking and insurance legislation for the Government of Gibraltar.
Brexit and the future
The Gibraltar Financial Services offering has historically focused on opportunities arising from our membership of the European Union and the passporting of financial services across the single market in the various sectors. The key market for Gibraltar’s financial services is, in respect of 90% of that business, the U.K. In light of the bilateral arrangement between the U.K. and the Government of Gibraltar which ensures uninterrupted and continued single market access to the U.K., Gibraltar’s departure from the European Union on 31st January does not represent a substantial risk for Gibraltar in financial services context.
Following the departure from the EU in accordance with the terms of a withdrawal agreement, which incorporates an implementation period, it has been business as usual from 1 February 2020. Any significant changes are expected at the end of 2020, although such changes are not yet fully understood given that negotiations are currently ongoing.
Working at the pace demanded by businesses today, we are known for our innovative approach. We work closely with clients to create new products and vehicles and to find unique solutions that suit their business needs. We are also the only firm in Gibraltar that combines specialist derivatives regulation expertise with a substantial banking, tax and securitisation practice.
Our regulatory team sets up and licenses banks in Gibraltar, and provides them with ongoing corporate finance advice on matters such as lending, money-laundering requirements and general banking developments.
We also use our expertise to advise international banks outside Gibraltar on all aspects of their lending to Gibraltar companies. Our investment advice in this area is invaluable as we have both a local and global perspective.
We provide corporate finance advice to leading international finance institutions on major derivative transactions. Our vast experience and knowledge give our institutional clients a competitive advantage that helps them to stand out in their field.
Our financial services team advises clients on every aspect of setting up and running E-Money cards, including obtaining licences, monitoring compliance, drafting contracts, reviewing advertising, structuring shareholdings and liaising with EU member states. These arrangements will remain unaffected during the implementation period.
We set up insurance companies in Gibraltar and take clients through the Financial Services Commission licensing process, from beginning to end. There are now over 60 insurance companies in Gibraltar, many of which we have advised. We are frequently instructed by financial institutions outside Gibraltar that need advice on funding and capitalisations. We are also engaged in advising Gibraltar-based entities on options for establishing operations within the EU single market to continue to avail themselves of access to the single largest market in the world. These solutions potentially include the establishment of operations in Spain, given the convenience and proximity to Gibraltar. Gibraltar is set to become a conduit for business seeking access to the UK but is also, by virtue of it’s location and cultural makeup, able to assist clients requiring EU solutions too.
Investment Services Advice
As with our banking and insurance company clients, we have extensive expertise in setting up and obtaining licences for investment firms in Gibraltar, and providing ongoing advice. Third parties outside Gibraltar also seek our advice when they want to do business with these entities.
We are the leading law firm in Gibraltar advising on securitisation and repackaging.
Almost every week we see headlines of Fintech/Insuretech startup companies obtaining spectacular valuations. Having worked with technology companies for over 10 years below were some of the predictions I made […]
The Gibraltar insurance market is taking great strides post-Brexit. With continuous market access to the UK insurance market, the infrastructure and skills-base that Gibraltar boasts is making it a truly […]
According to the 3rd Annual Global Crypto Hedge Fund Report 2021 by PwC, Elwood Asset Management and AIMA, the Cayman Islands, the US and Gibraltar are the top three locations […]
We are seeing a technological revolution across the financial services industry that is changing the way that businesses interact with consumers. In turn, consumers themselves are also more tech-savvy than […]
I have been involved in regulatory work for many years and written extensively on regulatory matters, especially as a staunch advocate of the need for the law to be aligned […]
There’s never been a better time to set up a business in Gibraltar. Gibraltar continues to offer many advantages for entrepreneurs chasing their dream as well as international companies looking […]
Hassans advises many of the world’s the leading FinTech companies and have been instrumental in attracting some of the biggest cryptocurrency and blockchain-based brands and exchanges to Gibraltar, assisting with […]