Posts

Hogan Lovells announces new Madrid Office Managing Partner

Global law firm Hogan Lovells announces today that José Luis Vázquez will become Madrid Office Managing Partner, effective 1 July.

José Luis will balance his new responsibilities with the leadership of the Banking & Finance practice in Madrid.

He takes over the role from Lucas Osorio, who will return full time to his practice. Lucas first took on the OMP role in 2014 and he has been instrumental in building up our Madrid office to our present position as a top 20 firm by turnover in Spain.

José María Balaña, Regional Managing Partner for the EMEA region, commented: “Spain is a critical part of our EMEA region, comprising 24 partners and more than 100 lawyers. I am delighted that José Luis Vázquez will become our next Madrid Office Managing Partner and will continue the growth and success of this office.”

Biographical Information

José Luis is a partner in the Corporate & Finance practice group of Hogan Lovells’ Madrid office. He is well-established in the market and regularly advises clients in English, Spanish and Portuguese. Having participated in some of the most high-profile financial transactions in Spain, his practice focusses on structured finance, debt capital markets, energy, infrastructure, acquisition and real estate finance, insolvency, and debt restructurings.

Madrid Office

Comprising 24 partners (22 of which in Madrid) and more than 100 lawyers, our Spanish offices had a record financial year in 2020 and saw a significant increase in activity in some of their most strategic areas, including Corporate & Finance. Our multilingual team regularly assists Spanish and international companies with high-profile cross-border transactions, including deals involving Latin America. Our lawyers also have deep expertise in energy, infrastructure, real estate, media and technology, insurance, and life sciences. We recently boosted our capabilities through the appointment of Gonzalo Ardila as head of the Litigation and Arbitration practice in Madrid, the promotion to partner of Inmaculada Lorenzo, and the recent hire of leading insurance practitioner Pablo Muelas García.

Hogan Lovells strengthens finance capabilities with leading Brussels hires

International law firm Hogan Lovells is pleased to announce that Ivan Peeters and Philip Van Steenwinkel are joining the firm in Brussels with a focus on expanding the firm’s finance, capital markets and financial regulatory offering. They join with three associates.

“The addition of Ivan and Philip to our finance and capital markets team is an important step in our effort to strengthen our finance offering in Brussels particularly in the context of Brexit.” said David Gibbons, Global Head of the Corporate and Finance Practice at Hogan Lovells. “Their experience will enhance our ability to support clients on cross-border finance deals throughout the CE region.”

Ivan is a leading practitioner with international recognition in Europe, with a broad practice in advising on financial transactions, structured financing, capital markets and securities regulations, restructurings, and financial sector regulations. He combines long and deep experience of financial institutions and markets with regular contributions to the development of Belgian legislation, including in relation to covered bonds, securitisation, collateral arrangements and securities. His time as inhouse counsel at KBC and as a partner with reputed firms like Freshfields, Stibbe and PwC Legal provide him with a special background to help assist clients handle the major current market developments.

Philip Van Steenwinkel is a leading practitioner in banking and financial law, capital market transactions, structured finance and derivatives as well as other financial products. He acts for a wide range of leading financial institutions and corporates in Belgium and across the globe.

Commenting, the duo said: “We have worked with members of the Hogan Lovells network in the past and were always impressed by the firm’s high quality client service and the strength of its global platform. We see strong synergies with the Hogan Lovells offering. We are very excited to join and work with the team to continue to grow the firm’s finance capabilities cross- border and in the Belgian market generally.”

Jasmeet Ahuja named a Legal Intelligencer Lawyer on the Fast Track

Senior associate Jasmeet K. Ahuja, a member of the Hogan Lovells Philadelphia Litigation practice, has been named a Legal Intelligencer Lawyer on the Fast Track.

Honourees are acknowledged for their influence in their practice areas in Pennsylvania and beyond, through their development of the law, strong leadership qualities, expertise in litigation or transactional work, contributing to the improvement of their institutions, and committing themselves to pro bono, charitable, and professional volunteer work.

Jasmeet leverages her time spent working as an engineer in the heart of our government’s national security apparatus, bringing both substantive and practical experience to her practice. From navigating the difficult terrain that follows a cyber security incident to advising on the development of secure software applications, she works with start-ups and Fortune 500 companies alike. She also counsels companies facing complex antitrust investigations, leveraging her background in government to proactively advise clients on the most efficient way to address regulator questions.

Jasmeet also maintains an active pro bono practice, working closely with local and state governments on gun regulation reform and immigrant rights, playing a key role in the landmark City of Philadelphia v. Attorney General of the United States of America case.

Her work highlights include:

  • Defending Viatris (formerly Mylan Pharmaceuticals) against allegations in civil litigation brought by fifty-three states, territories, and the District of Columbia alleging that Viatris and over 20 other generics pharmaceuticals manufacturers engaged in price-fixing and market allocation. The allegations span over a decade and relate to over 130 generic drugs, and complaints have been consolidated in an multidistrict litigation in the Eastern District of Pennsylvania;
  • Represented Anthem in its high-profile data breach multidistrict litigation (100+ consolidated class actions) and related regulatory inquiries;
  • Led the trial team in the landmark City of Philadelphia v. Attorney General of the United States of America, successfully challenging the Department of Justice’s attempt to crack down on “sanctuary city” policies enacted by the City of Philadelphia.

Hogan Lovells to fund female led FinTechs

Hogan Lovells announces during UK FinTech Week that applications are open to its Global FinTech Mentor and Momentum Program for 2021-22. This year, the firm will focus on selecting and supporting female led FinTechs, as part of its commitment to diversity and inclusion. To date around 10% of successful applicants for the Program have had women founders or leaders, including Dozens (Gemma Steel), Flexy (Joanna Mansbridge) and Rodi (Ilia Mallioras).

The Program is open to FinTechs at any stage of development, from start-ups to more established growth players. Interested businesses, particularly in the areas of banking, lending, payments, insurance, investments, and sustainable finance, are welcome to apply throughout 2021 for complimentary or subsidised support from Hogan Lovells. The firm is committed to empowering the female FinTech community, and is aiming for at least half of successful applications from female led FinTechs.

Globally, just 3% of FinTechs were founded by women as of 2019, according to Deloitte Insights published in October 2020, which also found that funding for FinTechs founded or co-founded by women was significantly less than for men. Innovate finance reported in January this year that female founded FinTechs accounted for 17% of the UK’s total FinTech venture capital investments over 2020, up 6% from 2019. Yet KPMG’s UK FinTech Focus 2020 found that female founded FinTechs are more resilient to the pandemic, with more in cash reserves.

Commenting, Hogan Lovells Head of FinTech and Innovation Emily Reid, said: “What we are seeing is that, despite the challenges of the pandemic, female-led FinTechs represent a well-run and competitive investment proposition. However the levels of investment remain nowhere near on a par with male-led counterparts. We recognise their potential and hope to harness it through our Global FinTech Mentor and Momentum Program this year, empowering female-led FinTechs to grow and achieve a greater share of the market and investment.”

Launched at Innovate Finance Global Summit (IFGS) in April 2017, the successful Program is entering its fifth year. To date, Hogan Lovells investment has totalled over a million pounds in support of around 25 FinTechs; providing each with up to £25,000 in free legal services, together with a 30% discount to the free advice, to make it go further. This is in addition to the same discount on advice provided after or outside the scope of the program, as well as access to industry events and networking opportunities with the firm’s existing clients in the FinTech space.

Hogan Lovells Head of Financial Services Regulation, Rachel Kent, said: “We offer more than just legal advice through our Global FinTech Mentors and Momentum Program, we share our extensive industry knowledge, our connections, content and tools to help the selected applicants launch, expand and succeed within a complex regulatory framework that is constantly evolving and can be tricky to navigate, but is essential for a long term sustainable business.”

Those selected are assigned a dedicated relationship manager who will ensure they receive maximum value from Program membership by guiding them through the suite of support options on offer:

  • Commercial insight on how financial services businesses can successfully launch and scale-up
  • Access to the firm’s cross-border FinTech network
  • Networking with current and previous mentees
  • Training opportunities through a host of firm and industry events
  • A package of affordable corporate and regulatory advice, from contracts, compliance and collaboration agreements to employment law, fund raising and structuring
  • Guidance on the financial services regulatory landscape for FinTechs post-Brexit
  • Free or subsidised access to the firm’s suite of LawTech tools offered on Hogan Lovells Engage, including the Consumer Credit Academy, PISP/AISP Authorisation Toolkits, Payment Services Academy and Blockchain Tools, among others while on the program
  • Support from Hogan Lovells Consulting team for regulatory advice on everything from authorisation to building a scalable compliance framework.

Hogan Lovells is ideally placed to provide this support, long positioned at the heart of the FinTech industry. The firm advised on the establishment of the UK’s first internet only bank; on the launch of Zopa – the world’s first peer-to-peer lender; and of a mobile P2P payments service – the first of its kind in the UK market. Head of Financial Services Regulation Rachel Kent co-chaired the policy and regulation chapter of the recently published UK FinTech Strategic Review, in February 2021.

More details on the Program and how to apply can be found here.

Hogan Lovells announces changes to industry sector leadership roles

Global law firm Hogan Lovells announces today it has made a series of planned changes to some of its industry sector leadership positions.

Managing Partner for Clients & Industries, Ina Brock, commented: “It speaks to the quality and depth of our industry sector teams that we are able to make regular changes to the distribution of our leadership roles, and recognise our talented people. I’d like to express my sincere thanks for all of the hard work and significant contribution of those stepping down, and wish those newly appointed every success. I have no doubt we will continue to excel under their leadership and remain at the forefront of those industries.”

Effective 1 April 2021 the changes are as follows:

  • Nicola Evans will take the reins from Charles Rix as Insurance sector lead.
  • Daniel Norris will take over from Jackie Newstead as Real Estate sector lead, and will continue to lead the global Real Estate practice area.

Hogan Lovells invests in FinTech start-up Fygo

Hogan Lovells is supporting the launch of an innovative free automatic student rewards app from COVID-19 start-up Fygo, one of the firm’s FinTech Mentor and Momentum Program 2020 cohort.

Launched in April 2017, through the Program, FinTech organisations in Asia, the EU and UK at any stage of development, from start-ups to established momentum players in strong growth mode, can apply for complimentary or subsidised support from Hogan Lovells.

Recipients benefit from extensive industry knowledge from Hogan Lovells’ commercial insights, access to the firm’s global network, legal and compliance training, industry events and use of the firm’s FinTech tools, up to a maximum value of £25,000 for any one company.

Founded during the COVID-19 pandemic, Fintech start-up Fygo has conceived and brought to market, with the help of Hogan Lovells, an innovative automatic student rewards app. Launching initially at Durham University, the free mobile app allows students and staff to link their bank cards to the app through a secure interface, and instantly and automatically receive cashback when they spend using a linked card at Fygo partners, without having to say, show, or scan anything.

For participating businesses, partnering with Fygo provides an affordable cost, hassle and commitment free solution to acquire more Generation Z customers and increase revenue. The in-built tracking system providing insights to help them better understand their customers and competitive positioning, with access to customer analytics, and to improve their service and products.

Commenting, Hogan Lovells FinTech Mentor and Fygo relationship lead, counsel Oliver Irons, said: “The global pandemic has totally changed how we live and work, and whilst it has presented many challenges, some positives that can be drawn are the advancement of technology, and innovation to adapt to constantly changing circumstances. The team at Fygo identified a way to support both students and businesses through harnessing their technology, and have worked tirelessly to make their concept a reality. They are deserving recipients of our FinTech Mentor and Momentum Program support package, and it has been hugely interesting and rewarding working with them. We wish them the very best for the pilot in Durham, and look forward to a continuing relationship.”

“Being accepted onto Hogan Lovells FinTech cohort 2020 was an enormous boost for us. They have provided superb strategic advice on several of our key business activities. The team’s diligent approach has ensured we are building a product capable of launching and scaling quickly. Being amongst top European start-ups has inspired us to sharpen our product’s value proposition and continue putting everything we have into building something people want!” said Jonah Lowenstein, Co-Founder at Fygo.

For further information about Hogan Lovells FinTech Mentor and Momentum Program, see here.

Businesses will be onboarded from March 2021, and the app is expected to launch to students in early April. Businesses can find out more via blog, podcast or video. Students can join the waiting list here.