MAX SAVOIE is a partner in Sidley’s Chambers-ranked payments and fintech practice. He advises firms across the sector on laws and regulations affecting their businesses, including:
- Regulatory authorization and other requirements applicable to payment service providers and payment systems
- Rules relating to account access and open banking
- Anti-money laundering and KYC rules
- Regulation of cryptoasset issuers and service providers
- Conduct of business, data security, governance, outsourcing, regulatory capital, safeguarding, and reporting requirements
- Regulatory rules relating to corporate and restructuring transactions involving financial institutions
- Regulatory investigations and enforcement actions
Max’s key client relationships include payment systems and infrastructure providers, card issuers, merchant acquirers, payment processors, money transmitters, technical service providers, and providers of mobile and other alternative payment methods. He has advised on numerous cross-border transactions and strategic regulatory projects for many of the largest providers in the market. These have included M&A and restructuring transactions, as well as product launches and commercial partnerships.
Max also advises on contentious and regulatory engagement matters. He has guided a number of firms through internal and external investigations. He has also worked with several international firms and trade associations in discussions with EU and UK policymakers and regulators. Max is an active member of the Payment Association’s regulatory working group and co-editor of one of the leading practitioner's texts in his field, “Payment Services: Law and Practice” (Elgar, 2022).
Max is recognized in Chambers UK 2024 for Financial Services: Payments Law. Sources say “Max is incredibly responsive and practical in his advice. He demonstrates a deep understanding of the regulatory requirements applicable to payment systems and payment services, as well as current market practice.” He is also recommended for Financial Services: Non-Contentious/Regulatory by The Legal 500 UK 2024, where clients comment that he “possesses excellent technical knowledge of payments regulation and delivers advice in a pragmatic and commercially sensitive manner,” and that he is “one of the best payments practitioners in the market.”