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News & Insights

Quality of Advice Review

by Victoria Smith|15 November 2022|Our Thinking

summary In August 2022, the Australian Treasury released the Quality of Advice Review Consultation paper (“Consultation Paper”) which provides proposals for reform relating to the quality of advice given by entities that provide financial product advice to clients. background Entities that provide financial product advice to clients must follow guidelines of personal advice and general […]

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The state of crypto regulation in the UK and US

by Victoria Smith|8 November 2022|Our Thinking

summary Emerging crypto regulation in the United Kingdom (“UK”) On 25 October 2022, the House of Commons voted in favour of adding crypto to the scope of activities to be regulated via the proposed Financial Services and Markets Bill 2022-23 (the “Bill”). The Bill has the aim to treat crypto like other forms of financial […]

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‘Meet the Team’: Eric Tant

by Victoria Smith|28 October 2022|Our News

In this ‘Meet the Team’ Q&A, we are delighted to introduce you to Eric Tant, a US qualified lawyer who has recently joined the Cleveland & Co team and who is focussed on growing our US capabilities. We sat down with Eric to ask him a few questions about his career so far, his experiences […]

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Australian regulators move to strengthen consumer and investor protections

by Victoria Smith|19 October 2022|Our Thinking

summary Several financial regulations have come in place over the last few months to increase accountability as well as enhance consumer and investor protection. Most notably, there is the introduction of the Financial Accountability Regime (“FAR”) which will impose greater accountability obligations. The introduction of the Compensation Scheme of Last Resort (“CSLR”) as well as […]

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Cleveland & Co commended at FT Innovative Lawyer Awards for ‘Challenging Traditional Models’

by Victoria Smith|19 October 2022|Awards

Following on from our recent inclusion in the FT Law Firm Index, recognising our innovative approach to providing legal services, the Cleveland & Co team are thrilled to announce that we have been commended for ‘Challenging Traditional Models’ at the recent FT Innovative Lawyer Awards. The commendation recognises our innovative business model which provides financial services […]

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Cleveland & Co featured in FT Index of Top Innovative Law Firms in Europe

by Victoria Smith|19 October 2022|Awards

At Cleveland & Co, we are constantly looking to innovate to provide a better service to our clients. We are delighted that this focus on innovation and service delivery has been recognised through our ranking in the FT’s Law Firm Index and its special report on Innovative Lawyers in Europe. The Index and report ranks firms according to […]

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EU AI regulatory framework proposal on Artificial Intelligence

by Victoria Smith|18 October 2022|Our Thinking

On 21 April 2021, the European Commission (the “Commission”) published its proposal for the Artificial Intelligence (“AI”) Regulation (the “Draft Regulation”). It represents the Commission’s attempt to regulate AI technologies, setting out a cross-sectoral regulatory approach to the use of AI systems across the European Union (“EU”) and its Single Market. The Commission aims to […]

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‘Meet the Team’, trainee cohort: Alibek Myrzaguzhin

by Victoria Smith|13 October 2022|Our News

In the next of our Q&As with our fantastic trainee cohort, we are delighted to introduce you to Alibek Myrzaguzhin, who joined us initially as a paralegal and then was accepted on our trainee programme. We sat down with Alibek to ask him a few questions about trainee life at Cleveland & Co. What made […]

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“Fees for no service”: A hefty fine imposed on AMP by the Federal Court

by Victoria Smith|10 October 2022|Our Thinking

summary In a judgement handed down on 20 September 2022, Moshinsky J of the Federal Court held in favour of the Australian Securities and Investments Commission (“ASIC”) against member companies of the AMP group in Australian Securities and Investments Commission v AMP Financial Planning Proprietary Limited [2022] FCA 1115 (“ASIC v AMP”). Notwithstanding that AMP […]

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