ABA woos foreign law firms

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Latest Briefings

Longer term tenancies? Potential implications for lenders

Walker Morris’ Housing and Banking Litigation experts Karl Anders, Justin Coley and Sandip Singh explain the UK government’s consultation on introducing longer-term tenancies in the private rented sector, with a particular focus on potential impacts for lenders…

Assessing creditworthiness in consumer credit: FCA publishes final rules and guidance

The results of a large-scale survey by the Financial Conduct Authority (FCA) in 2017 indicated, among other things, that: 75% of UK adults had one or more consumer credit products or loans in the previous 12 months; 4.1 million people were “in difficulty” because they had already failed to pay domestic bills or meet credit […]

Open Banking, fintech and the Brexit hokey cokey

By Miles Trower London is, arguably, the most important global hub for financial services. As a result, the consequences of the Brexit vote, the ensuing uncertainty and the eventual transitional and regulatory framework applying to UK financial services and how it will continue to access overseas markets has been subject to huge speculation. Much of […]

FCA consultation on a Global Financial Innovation Network

By Russell Kelsall On 7 August 2018, the Financial Conduct Authority (FCA) published a consultation on the creation of a Global Financial Innovation consultation. With innovation in the global financial services market rapidly increasing, it is important for firms to consider the options for building, implementing and sharing experiences of digital solutions.

Austria: The DPA’s strict view on retention periods

At the end of July, the Austrian Data Protection Authority (‘DPA’) published its first decision on retention periods applying the General Data Protection Regulation (‘GDPR’; DSB-D216.471/0001-DSB/2018). The decision is final. The DPA had to decide for which period a provider of telecommunications services (hereinafter: the ‘controller’) may (respectively must) retain so-called master data, required for […]

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Law Society goes on-line

The Law Society’s Policy Committee has given the green light to a computer system that will allow council members to go on-line and communicate with each other over the information superhighway. A central bulletin board will only be accessible to staff and council members, and will allow them to receive information and input ideas. Treasurer […]

Law Soc to put £80,000 toward property centres

The Law Society has agreed to contribute £80,000 towards the establishment of a chain of solicitors’ property centres. The news was greeted with delight by Solicitors Property Group general secretary Leslie Dubow. “We think it’s not before time, and we are looking forward to seeing some progress now,” he said. The Law Society Policy Committee […]

Condoms and cockroaches at Cortijo Blanco

An action that could embarrass three of the country’s major package holiday companies is now on its way to the High Court. Sunworld, First Choice Holidays and Flights, and Cosmosair, are being sued by more than 20 holiday makers from all over the UK as a result of dissatisfaction with a three-star Spanish Hotel. The […]

Academic researches stresses of local government solicitors

Around 350 local government lawyers are taking part in a two-year study examining their ability to cope with the stress of the reorganisations of their councils. Jill Armfield, a University of Westminster lecturer in organisational behaviour, is carrying out the survey and planning in-depth interviews with between 40 and 50 solicitors. Armfield, who is conducting […]

Travers Smith still faces probe after out-of-court Co-op deal

The Law Society is expected to investigate Travers Smith Braithwaite’s involvement in Andrew Regan’s failed hostile bid for the Cooperative Wholesale Society (CWS) as it has emerged that the firm received stolen confidential CWS documents passed to it by Regan. CWS announced that it had dropped civil actions against both Travers Smith and Regan’s financial […]

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