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Norton Rose Fulbright launches global payments practice

Wednesday, March 20, 2019 @ 12:36 PM | By John Chunn

Global law firm Norton Rose Fulbright announced that it has launched a global payments practice to assist businesses around the world in navigating this complex and rapidly developing area.

According to the firm’s press release, the multidisciplinary group advises clients in the payments industry on a wide range of matters, including investment activity, new product development, regulatory compliance, privacy and data protection issues, mergers and acquisitions (M&A), commercial agreements, 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, including banks, non-bank financial institutions, payments providers, technology companies, startups, institutional investors as well as governmental and regulatory bodies.

The practice, which comprises over 50 lawyers, consultants, risk advisory specialists and government relations professionals, will be led by a team of partners from across the firm’s offices.

“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,” said Jonathan Herbst, London-based global head of financial services regulation.

“Like other countries around the world, Canada recognizes that payments technology underpins global digital commerce,” said Toronto-based senior partner Mark Convery. “Major financial institutions and companies here have not only modernized their infrastructure but also have invested heavily in this space. Canadian clients will benefit from the firm’s global experience and will be ideally placed to navigate the opportunities and challenges presented by the growth in this sector.”