Regulatory
Whether it is EU-originated, domestic or a self-imposed industry code of conduct, regulation affects all aspects of civil life and commercial activity. Most often, lawyers will become involved in relation to the regulation of commercial activity within the context of a specific industry. At one end of the scale they might be asked to mitigate a market trader's liabilities for breaching food safety standards; at the other they might advise during negotiations for a multimillion-pound settlement by a company that has fallen foul of banking regulations. In fact, in the wake of the financial crash of 2008, the banking sector is under intense regulatory scrutiny. Given the international debate as to the most appropriate scale and scope of regulation, this is a good time for barristers specialising in this field.
