Global law firm Norton Rose Fulbright has launched a global payments practice to assist businesses around the world in navigating this complex and rapidly developing area.
The multidisciplinary group advises clients in the payments industry in relation to a wide range of matters, including investment activity, new product development, regulatory compliance, privacy and data protection issues, disputes, and the outsourcing of payment technology. The team provides an integrated service across the firm’s practice areas, including corporate/M&A; financial services regulation; risk advisory; data protection, privacy and cybersecurity; intellectual property; antitrust and competition; outsourcing, and dispute resolution.
The team’s clients span the range of market participants, and include banks, non-bank financial institutions, payments providers, technology companies, start-ups, institutional investors, and governmental and regulatory bodies. The practice, which comprises of over 50 lawyers, consultants, risk advisory specialists and government relations professionals will be led by a team of partners from across the firm’s spread of offices.
Norton Rose Fulbright global head of financial services regulation Jonathan Herbst commented: “We have long advised clients in relation to the payments sector and with this new practice, we draw together our corporate, regulatory and disputes experience from across the globe to provide an enhanced service to this fast-growing industry.”
Norton Rose Fulbright FinTech partner Victoria Birch commented: “Payments technology underpins global digital commerce. Major institutions, companies and start-ups in both mature and emerging markets are investing heavily in this space. Our breadth of experience makes our global payments practice ideally placed to help clients navigate the opportunities and challenges presented by this growth.”
Recent matters the global payments practice have advised on include:
- Advising the UK New Payment System Operator on its acquisition of the Bacs, Faster Payments and Cheque and Credit Clearing Company payment schemes
- Advising eight leading international banks on their PSD 2 implementation projects
- Advising Helios Investment Partners on its acquisition of a majority stake in Egypt’s TPAY Mobile
- Advising AnaCap Financial Partners on the acquisition of Hamburg-based StarTec Payment & Service GmbH
If you would like to find out more information, please visit: https://www.nortonrosefulbright.com/