Christian F. McDermott

  • Partner
  • Echristian.mcdermott@lw.com
  • 99 Bishopsgate
  • London EC2M 3XF
  • United Kingdom
  • T +44.20.7710.1198
  •  
 

Profile

Christian McDermott is a partner in the Outsourcing and Technology Transactions Practices in Latham & Watkins' London office.

Mr. McDermott has a wide range of experience advising both publicly listed and private companies on technology, commercial law, intellectual property, and data privacy matters, focusing on large-scale technology and outsourcing projects and other complex commercial contracts.

His work to date has spanned a variety of sectors, but his principal focus has been on the financial services, technology, telecommunications, and travel sectors. Alongside a broad specialism in IT, outsourcing, and commercial contracts, Mr. McDermott also has particular expertise in the field of FinTech and payments.

 

 

 

Experience

Mr. McDermott’s representative transactions include advising:

  • A global retail and investment bank on the multi-billion Euro global outsourcing of its investment banking IT infrastructure
  • A leading UK insurer on both: (i) the outsourcing of policy administration activities; and (ii) the outsourcing of certain IT and business processes
  • A leading private equity firm on the acquisition of a stake in a major African payments business
  • A global investment bank on technology and payment issues in connection with the IPO of a European payment services provider
  • A major social network on both the regulation of payment services in the EU, and on its negotiations with merchant acquirers in relation to the setup of various innovative payments solutions  
  • A global UK-headquartered retail and investment bank on the top-down renegotiation of its relationship with its biggest IT supplier, comprising individual hardware, software and services streams
  • A global UK-headquartered retail and investment bank on the global outsourcing of the bank’s facilities management functions 

Thought Leadership

  • Readiness for PSD2: APIs Fall Short, but More Time for SCA -  August 23, 2019
  • SCA: Storm Clouds Approaching? -  June 18, 2019
  • Regulators Get Tough on Regulatory Outsourcing Failings -  June 06, 2019
  • FCA Outlines Key Deadlines for PSD2 Compliance -  May 10, 2019
  • Payment Systems Regulator Finalizes Scope of Card Acquiring Market Review  -  February 01, 2019
  • GDPR & PSD2: Squaring the Circle  -  August 13, 2018
  • Payment Systems Regulator to Review Card Acquiring Market on Competition Concerns -  August 01, 2018
  • FCA Supports Guidelines on the Open Banking Fall-Back Provisions Exemption -  July 02, 2018
  • Poised for Next Payments Boom -  April 26, 2018
  • The Race Toward PSD2 Implementation Intensifies -  January 15, 2018
  • Bank of England Opens Up Access to Payment Schemes for FinTech Firms  -  July 25, 2017
  • FCA Regulatory Sandbox Update: Successes in Round One, Application Window for Round Three Open  -  June 16, 2017
  • Banking on IT -  May 26, 2017
  • European Parliament’s Committee on Economic and Monetary Affairs Publishes Fintech Report -  May 14, 2017
  • Understanding PSD2 - Key Points to Know About the Upcoming Regime -  April 26, 2017
  • Senior MP Calls for Regulatory Crackdown on Banks’ IT Systems: 3 Things You Can do to Prepare -  December 06, 2016
Christian McDermott is named as a “Next Generation Lawyer” for Commercial Contracts.The Legal 500 UK 2017
Bar Qualification
  • England and Wales (Solicitor)
  • Ireland (Solicitor)
  • Scotland (Solicitor)
Education
  • QLTT, College of Law, London, 2010
  • Master of Laws, Cambridge University, 2007
  • Diploma in Legal Practice, University of Edinburgh, 2006
  • Bachelor of Laws, University of Edinburgh, 2005
    First Class Honours
Industries
  • Communications
  • Internet & Digital Media
  • Hospitality, Gaming & Leisure
Practices
  • Technology Transactions
  • Payments & Emerging Financial Services
  • Communications Law
  • Mergers & Acquisitions
  • Emerging Companies
  • Private Equity
  • Outsourcing
  • Financial Regulatory
  • Data Privacy & Security