The successive financial crises have led to a growing, complex and increasingly changing regulation of the banking and financial sectors.
This has significantly increased the risk of regulatory litigation to which players in these sectors are exposed. The sanctions imposed by the regulatory authorities can be very significant and present major financial and reputational challenges for stakeholders.
In this context, a perfect control over litigation and pre-litigation situations is key.
Combining its procedural skills with an in-depth knowledge of the financial world, Karman Associés regularly advises and represents issuers, banks, ISPs, investment funds, asset management companies, investors and managers in the context of:
- controls and investigations conducted by the French Financial Markets Authority (AMF) or by the French Prudential Control Authority (ACPR)
- sanction proceedings before the AMF or ACPR Sanction Commission relating to market abuse (insider trading, price manipulation, dissemination of false information) and breaches of professional obligations by those engaged in regulated activities (internal controls, management of client information, conflicts of interest)
- proceedings before the appeal courts with jurisdiction over decisions of the AMF and the ACPR, or
- proceedings before the criminal courts when regulatory breaches are likely to constitute criminal offences.
From a prudential and risk management perspective, Karman Associés’ regulatory litigation practice also assists the firm’s clients in their day-to-day dealings with the regulatory authorities (obtaining and extending authorizations, structuring internal control procedures).