Karl is a highly experienced lawyer specialising in Financial Services and Technology, Media and Telecoms. Former general counsel with highly commercial outlook and extensive Regulatory and Compliance experience on an international basis. Karl is a recognised expert in fintech, insurtech, regulatory and technology matters. His strategic focus is on the use and implications of technology as a disruptive process and the management of risk whilst achieving commercial aims.

He is people-oriented, commercially focused, and solutions oriented with strong leadership and relationship building skills. He understands the needs of and talks the language of businesses, from start ups and SME’s to large multinational corporates, providing innovative, reliable, level headed, pragmatic advice in a clearly conveyed manner. He is tenacious, resilient, robust and a highly effective negotiator.

He is a trusted advisor to senior management, having been part of the senior management team of a number of businesses, offering strategic and tactical advice on a variety of commercial, regulatory and legal issues. He has management experience and as a mentor, relationship builder and motivator.

  • Commissioned to lecture on financial services, fintech for MBL and write books for Law Brief Publishing
  • Periodically quoted for national, international, local and trade press

*Karl Foster is a Consultant at Acuity Law working on a self-employed basis*

  •  FS/Fintech – substantial advisory experience. In particular, international, product development, and distribution experience, including advising upon the FCA Handbook and perimeter issues for a range of clients within the banking, insurance and fintech sphere. Advises on e-money, blockchain and associated matters, including apps, platform development, market data and  privacy issues.
  • Insurance – substantial advisory experience, particularly within the international context.  In particular, product development, coverage and claims experience. He has and distribution experience, including advising upon the FCA Handbook and perimeter issues, drafting and negotiating Appointed representative agreements and TOBAs. Former head of legal for a broker and regional legal manager for carrier.
  • TMT specialising in IT/IP incl. licensing and disputes. Particular expertise in digital rights and distribution (Film, TV, Music, Games), UGC, e and m commerce. Had negotiated global outsourcings and re-sourcings incl. ‘Cloud’ (PAAS, IAAS, SAAS) both for vendor and purchaser perspectives. Has acted represented a number of SAAS and MSP players.
  • Regulatory/Compliance – substantial experience advising upon and implementing a variety of compliance and ethics programmes, including anti-bribery, anti money laundering. Significant expertise in data protection/privacy incl. development of global privacy programmes; compliance aspects associated with telecoms, FS (incl. FCA Rulebook) and advertising.
  • Commercial Contracts – has negotiated a range of heavyweight commercial contracts, from distribution and franchise agreements to business process outsourcing.
  • Corporate – has led on funding rounds, mergers, acquisitions, divestments and drafted and negotiated a broad range of corporate documents. Provides advice to start and scale ups on corporate issues and maximising shareholder value.
  • International Trade – substantial cross border experience having negotiated deals in Asia, Africa, US as sell as a number of European countries.
  • Media/Sponsorship/Advertising – niche advertising experience. Formerly represented the mobile Marketing Association on the committee of Advertising Practice.
  • Series A fundraising preparation
  • E money registration
  • Revamping contracts for MSP
  • Devising and implementing a compliance programme
  • Drafting and negotiating Authorised Representative regime
  • International distribution agreement
  • Negotiating outsourcing agreement
  • Devising commercial and contractual model for SAAS provider
  • Advising on data privacy issues for investment bank


  • Karl is listed as a Next Generation Partner in The Legal 500.

  • The Commercial Team is ranked Tier 1 in the Legal 500.

  • The Corporate Team is ranked Tier 1 in The Legal 500.

  • The Corporate Team is ranked Band 2 in Chambers & Partners.

  • Corporate and Commercial Team of the Year
    Wales Legal Awards 2020

  • The Tech and Communications Team is ranked Tier 1 in The Legal 500.