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Portrait of Michaël Dearden

Michaël Dearden

Senior Associate

CMS Monaco
Villa des Cigognes
17 rue Louis Aureglia
BP 450
98012 Monaco Cedex
Monaco
Languages English, French

Michael Dearden is a Senior Associate in the Banking & Finance team.

As a compliance specialist, he advises Monegasque and foreign banks and management companies with regard to their legal and regulatory obligations, particularly toward their regulators supervising their activities (ACPR, CCAF, SICCFIN). Having a strong regulatory expertise, he also assists his clients in administrative and/or criminal proceedings relating to AML/CTF, banking and financial fraud or regulatory matters.

Before joining the firm in 2017, Michael worked in the legal department of a private equity asset manager in Paris and in several law firms in France.

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Publications

  • Getting the Deal Through: Private Banking & Wealth Management - Monaco Chapter (2019, 2020, 2021, 2022)
  • Getting the Deal Through: Banking Regulation - Monaco Chapter (2018, 2019, 2020, 2021)
  • Informed client or uninitiated client: legal criteria for distinguishing between the two, Banking & Finance - Monaco (2019-2020)
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Education

  • Master’s degree, Banking and Financial Law, University of Lyon (2014)
  • Master’s degree, Business and Corporate Law, University of Lyon (2013)
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Feed

12/05/2021
THE REG­U­LA­TION OF FIN­AN­CIAL ACTIV­IT­IES TO BE MOD­I­FIED SOON
The pro­ject of a le­gis­la­tion N.1035, amend­ing the law N.1.338 of Septem­ber 7, 2007 on fin­an­cial activ­it­ies has now been of­fi­cially pub­lished. This pro­ject was in­deed sub­mit­ted on April 30th, 2021 on the...
04/05/2021
AMEND­MENTS TO THE EU-MONACO MON­ET­ARY AGREE­MENT
The Sov­er­eign Or­din­ance No. 8.600 of April 1st, 2021 has amended the an­nexes A and B of the mon­et­ary agree­ment con­cluded between the Prin­cip­al­ity of Monaco and the European Uni­on on Novem­ber 29th, 2011.Four­teen...
03/12/2020
The CECR, a key act­or for or­gan­iz­a­tions sub­ject to LCB/FTC reg­u­la­tions
The reg­u­la­tions re­lat­ing to the fight against money laun­der­ing, ter­ror­ist fin­an­cing and cor­rup­tion ("AML") is soon to be amended, in ac­cord­ance with Mon­aco's com­mit­ments to the European Uni­on. These ex­pec­ted...
26/11/2020
Amend­ment to the EU-Monaco mon­et­ary agree­ment an­nexes
By Sov­er­eign Or­din­ance No. 8.334 of Novem­ber 5, 2020, the Prin­cip­al­ity of Monaco up­dated An­nexes A and B of the Mon­et­ary Agree­ment of Novem­ber 29, 2011 con­cluded with the European Uni­on.  Amend­ment to...
15/10/2020
The right to open a de­pos­it ac­count in Monaco : the list of re­quired doc­u­ments...
As an ex­ten­sion to the Law n°1.492 of Ju­ly 8, 2020 re­lat­ing to the es­tab­lish­ment of the right to hold a de­pos­it ac­count, Art­icle 1 of The Min­is­teri­al De­cree n°2020-664 of Oc­to­ber 5, 2020, pub­lished...
15/05/2020
COV­ID-19 | New derog­at­ory pro­vi­sions af­fect­ing loans while pre­serving the...
The Act, voted on 5 May 2020 by the Na­tion­al Coun­cil, aim­ing at ad­apt­ing, ex­cep­tionaly and tem­por­ar­ily, Mone­g­asque law to the ef­fects of the COV­ID-19 epi­dem­ic, has just been pub­lished. This Act, pub­lished...
24/04/2020
COV­ID-19 | is art­icle 61-1 of the Com­mer­cial Code be­com­ing a sanc­tu­ary?
The former draft bill has be­come a full-fledged bill aim­ing at ad­apt­ing, ex­cep­tion­ally and tem­por­ar­ily, Mone­g­asque law to the ef­fects of the COV­ID-19 pan­dem­ic, and has now been put on the desk of the...
08/04/2020
COV­ID-19 | Con­tract law soon to be ad­ap­ted?
The Na­tion­al Coun­cil (Monaco Par­lia­ment) is con­sid­er­ing vot­ing a bill to gov­ern con­tract per­form­ance dur­ing the COV­ID-19 crisis.The fol­low­ing derog­at­ory pro­vi­sions shall be­come ap­plic­able to all types...
02/01/2020
Private Bank­ing and Wealth Man­age­ment
In the latest edi­tion of Get­ting the Deal Through's Guide on Private Bank­ing & Wealth Man­age­ment, Olivi­er Mar­quet and Michaël Dearden provide brief and prac­tic­al an­swers on the most cru­cial is­sues faced...
20/09/2019
Banks and Man­age­ment Com­pan­ies
Olivi­er Mar­quet , Gau­ti­er Bar­at and Mi­chael Dearden provide an in­sight in­to this key point in the art­icle that they have co-au­thored on this top­ic:  " In­formed cli­ent or un­ini­ti­ated cli­ent: leg­al...
19/04/2019
Could Mone­g­asque na­tion­als and res­id­ents soon be leg­ally en­titled to a...
The right to a bank ac­count is set to be en­shrined in Mone­g­asque law, after the Gov­ern­ment of the Prin­cip­al­ity in­tro­duced a bill to that end.The bill is ac­tu­ally based on law pro­pos­al No 232 on the in­tro­duc­tion...
28/03/2019
Get­ting The Deal Through
Olivi­er Mar­quet and Mi­chael Dearden re­cently au­thored Monaco Chapter of Get­ting The Deal Through 2019 about Bank­ing Reg­u­la­tion.This volume in the Get­ting the Deal Through series provides an over­view...