Dual-qualified to practise in both the UK and France, Bruno is a lawyer specialising in financial services, payment services and fintech. His versatile practice covers funds, asset management, payments, derivatives, and market infrastructure including clearing and fund custody. Bruno also handles a variety of general banking issues including internal restructuring, rationalisation projects and external growth or strategic change projects such as the acquisition, sale or merger of regulated entities, the termination of local businesses and the entering into commercial or partnership agreements. In addition, he advises on assignments dealing with customer documentation and transfers of assets or liabilities to third parties, as well as from one jurisdiction to another, particularly from the UK to continental Europe and vice versa.
Maintaining a constant focus on pan-European advisory and transactional work, but also regularly advising on cross-border disputes in the field of financial services or even consumer protection outside financial services. Bruno acts for a broad spectrum of clients, such as start-up companies in the fintech space, banks, brokers, institutional investors, sovereign and private equity funds, payment service providers and e-money institutions, servicers, e-commerce companies, retailers, and service providers in clearing, settlement and other areas of market infrastructure.
A regular speaker at global conferences on e-payments and e-commerce, Bruno has also published articles on issues such as bank secrecy, fund custody, prime brokerage, payment services and e-money.
- General banking and regulatory
- Funds and asset management
- Market infrastructure
- Payment services
- White collar crime and litigation
- Commercial contracts
- Consumer and data protection
- Advised an Australian bank on obtaining a guarantee from a Frenchparent nuclear company (including issuing opinions, drafting guarantees, reviewingloans and making changes for French law capacity and enforcement purposes,and reviewing corporate documents proposed by the French company (corporatedecision, power of attorney, etc.)).
- Advised a syndicate of banks on the financing of the acquisitionby a French Belgian company of a French group of manufacturing companies(including obtaining guarantees, proposing changes to draft loandocumentation and draft corporate decisions).
- Advised a European banking group in financial difficulty onfinding public funding secured by complex collateral arrangements.
- Advised a Moroccan banking group in respect of the creation ofan FSA licensed bank and the transfer of business activities from theexisting French branch to a newly created branch in Paris (one of the veryfew cases involving the full withdrawal of a French banking licence).
- Advised an insurance group in respect of its plan to convert theexisting French portfolio management company into a UCITS IV branch of itsItalian portfolio management company.
- Advised a French asset manager on the marketing of privateequity and UCITS funds in 13 EEA countries.
- Advised on the restructuring of the management of fundsunderlying life insurance policies.
- Advised on the acquisition of a French real estate portfoliomanagement company by a US real estate investment management company.
- Advised a French bank, as part of a complete review andrestructuring of its customer master documentation for clearing servicesrelating to derivatives in Europe, the USA and Asia, including issuance oflegal opinion on the protection of margin and collateral.
- Advised a leading French bank and its securities serviceaffiliate in devising collateral schemes providing for a second ranksecurity right in favour of affiliated prime brokers.
- Advised a French bank on a gap analysis relating to clearinghouses in the USA, UK, France and Singapore, for the purposes ofclassifying risks and harmonising/improving the contractual documentationin place with each clearing house and with customers.
- Advised a European card scheme on entering into technologysharing agreements with VISACARD and APPLE PAY.
- Advised a start-up company on the distribution of its innovativemeans of payment in the UK and in France.
- Advised an association of payment service agents on the settingup of a FINTECH incubator.
- Advised an association of UK payment institutions on bankaccount access issues.
- Advised an e-money issuer on all legal aspects of its businessactivities in France (passport or licence, distribution, partnerships,customer contracts, litigation, acquisitions).
- Advised a UK “sponsoring” bank (i.e. bank issuingcards or e-money managed by unregulated entities) on its activities inFrance (passport, distribution, customer documentation).
- Advised a French group on the rationalisation of its globalpayment and clearing contractual arrangements.
- Advised a major European bank on SEPA and PSD related innovativeproducts.
- Issued capacity, validity and enforceability opinions on behalfof banks applying for SEPA schemes memberships.
- Advised an asset management company on its derivativetransactions with the French national pension fund (Fonds de Réserve desRetraites).
- Advised an Australian bank on the entering into of (ISDA, OSLA,EFET, FBF, etc.) master agreements with French counterparties andassessing the various related (enforcement, netting, collateral andinsolvency) risks.
- Advised a foreign bank in respect of litigation proceedingslaunched against it.
- Advised companies and banks on how to comply with UN and EUbased regulations providing for asset freezes or challenging thevalidity of asset freezes.
- Advised a Dutch group on compliance with OFAC regulations, inrespect of confidentiality issues relating to the transfer of customerinformation from Europe to the US.
- Advised a foreign bank on its litigation with a French localgovernment body, in respect of so-called “toxic” products(including pre-litigation, litigation and settlement phases).
- Negotiated and drafted distribution and brokerage contracts onbehalf of banks or fund managers.
- Drafted a cooperation agreement between a supermarket group anda global banking group for use in several EU, Central America and Asiancountries.
- Drafted a WEB payment service standard agreement for a largeFrench bank.
Please note: The experience list above may include examples of work completed prior to joining Keystone Law.
Bruno qualified as an advocate in 1996. Prior to joining Keystone Law in 2017, he worked at the following firms:
- Rosenblatt Solicitors
- Clifford Chance