Banking lawyers work in the complex world of borrowing money and money management to help put contracts and negotiations in place to define borrowers’ and managers’ financial repeatabilities. It is a hugely technical area of expertise requiring extensive knowledge and experience to ensure all financial transactions comply with the law.
Defining the Role of a Banking Lawyer
A banking lawyer is a different area of expertise than a London immigration lawyer or a human rights lawyer; it is still essential to understand what banking lawyers do. Banking law is exceptionally complex, and banking lawyers negotiate contractual relationships between lenders and borrowers and ensure all parties meet compliance regulations and their client’s interests are protected through robust checks, measures and contracts.
Areas of Expertise
Several areas of expertise fall under the umbrella of banking law. These areas include;
- Private equity deals
- Bank lending
- Property finance
- Banking lending practises
- Contract law
- Banking regulations
- Assets finance
- Corporate finance law
- International banking law
Financial lawyers will typically specialise in one specific area to be able to niche down on their expertise and offer the best service possible for their clients. This allows them to ensure that they are entirely up to date and adhere to their industry’s latest laws and regulations.
Importance of Regulatory Compliance
Much like with other areas of law, all banking lawyers must be aware of changes in regulations for both domestic and international banking laws. Compliance helps ensure all activities and transactions are legal and prevents deviations impacting adherence. By holding everyone accountable to the same regulations, you can expect greater consistency across the board. That being said, as technology evolves, it becomes more apparent that regulations need to change to keep up with modern times. As banking finance is considered a high risk for crime, you will likely find most organisations, especially banks, will have a dedicated department solely for eliminating the risk of falling victim to financial crimes or ensuring full compliance internally.
How Banking Lawyers Can Help You
Banking lawyers can be instrumental in supporting you in all areas of your business finances. They will carry out due diligence and checks on all parties you plan on doing business with, draw up contracts, and ensure that you are legally protected from all angles, which requires complete compliance.
They can also assist during the negation phases of contracts, help to structure deals and assist with disputes or irregularities regarding finances for all involved parties. They will work to protect you at all costs and ensure you are legally compliant and on top of changes regarding your company and industry as a whole.
Instrumental In Supporting Your Company
Banking lawyers can be instrumental in supporting your company at many levels and in many different scenarios, including when you work alongside London Immigration lawyers to help you transfer business or assets to the UK or working with human rights lawyers to ensure you are operating ethically and legally. At SMA Law, we can work with you in areas of business immigration and investments to protect your business. Get in touch with us today to learn more about what we do.