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Banking & Finance Monégasque lawyers

Monaco not only has a unique status among the community of nations but is also home to a banking and financial platform unlike any other.

With some thirty banks and fifty financial management companies in little more than two square kilometres, Monaco has built its internationally renowned banking and financial market on the three pillars of competency, stability and confidentiality. As a unique market, it is also regulated by a unique set of standards and rules. 

Monegasque banking and finance law is a composite system stemming from legislation passed not just in Monaco but also in France and Europe. Monaco has signed various conventions with France and the European Union, meaning that there is a constantly evolving body of law that applies in the Principality. 

With ten years’ experience in this area, we support clients who are now operating in an increasingly regulated context and under greater pressure from regulators. Disputes relating to civil and criminal banking liability have become one of our key areas of expertise. Banks can be obliged to implement or submit to a whole range of procedures, from provisional and protective measures to debt restructuring, debt collection, calling on guarantees or enforcement actions. 

We regularly represent banks before the courts of Monaco to defend their interests if their liability is invoked as a result of a custodial agreement, management contract or any other asset management agreement. Banks in the Principality have an international clientele, which can impact their situation when it comes to third party liability. Freezing a bank account on civil or criminal grounds can raise a whole series of issues that our team is skilled in settling.

We are regularly involved in reviewing and adapting the contractual documents that banks and other operators issue to their clients or partners, to ensure that they comply with Monegasque law.

Monaco's banking sector has undergone consolidation and we have developed bespoke solutions for clients acquiring a bank or financial institution or selling off all or part of their business.
Lastly, our team frequently advises overseas banks and financial management companies seeking to set up subsidiaries or branches in Monaco. 

 
Olivier Marquet
Olivier Marquet
Managing Partner
Monaco
Olivier Marquet is the Managing Partner of CMS Monaco and one of its founding partners. He heads the Banking & Finance team. Olivier is an Avocat Défenseur at the Monaco Bar. Repeatedly recognised as...
Gautier Barat
Gautier Barat
Counsel
Monaco
Gautier Barat is a Counsel in the Banking & Finance team. Given his specific expertise in banking and financing law, he advises and assists financial institutions in all types of civil, commercial, criminal...
Emma Attoui
Emma Attoui
Advanced Associate
Monaco
Emma Attoui is an Advanced Associate in the Banking & Finance team. She advises and assists Monegasque and international banks and financial institutions on the setting up, drafting and monitoring of...
Wahid Belaghlem
Wahid Belaghlem
Advanced Associate
Monaco
Wahid Belaghlem is an Advanced Associate within the Banking & Finance team. He advises and assists a clientele consisting of leading banking institutions in their civil, commercial and criminal litigation...
Sophia Lasri
Sophia Lasri
Advanced Associate
Monaco
Sophia Lasri is an Advanced Associate in the Banking & Finance team. She advises and assists financial institutions in their civil and commercial disputes. Prior to joining the firm, Sophia was a member...
Victoria Moreau
Victoria Moreau
Associate
Monaco
Victoria Moreau is an Associate in the Banking & Finance team. She advises banking and financial institutions from Monaco and abroad on different legal and regulatory issues and supports them in their...
David Bosco
David Bosco
Consultant
Monaco
David Bosco has been the firm’s external Consultant since 2017. He is a Professor at Aix-Marseille University and the Director of the Centre of Economic Law (Centre de Droit Économique) of the Faculty...