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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 […]

Recommended

Teething troubles expected as City switches to Crest dealing

The introduction of the Crest electronic share dealing system in the City this week is awaited anxiously by lawyers who will have to deal with a plethora of new paperwork. Different documentation will be needed for rights issues and takeovers to take account of the Crest system which has been developed under the auspices of […]

PI aid figures are untrue, claims Apil

The Association of Personal Injury Lawyers (Apil) claims Lord Mackay is exaggerating the cost of personal injury cases to justify cutting legal aid. David Marshall, Apil legal aid spokesman, said lawyers interpreted the Lord Chancellor’s recent remarks about “legal aid wasting money on too many weak, trivial and undeserving cases” as referring to class actions […]

New York Bar wants anti-ad rules dropped by state

The New York State Bar Association is proposing that restrictions on lawyers’ advertising should be dropped. New York State rules currently prohibit law firms placing adverts which include “puffery”, “self-laudation” and claims that “cast reflection on the legal profession as a whole”. But a string of US Supreme Court rulings in the past few years […]

CPS lawyer joins chambers

THE FIRST CPS lawyer to prosecute in a Crown Court has left the service to join a set of chambers as a barrister. Philip Drinkwater, a former branch crown prosecutor, has been made a tenant at Exeter’s newly named Colleton Chambers, which has just relocated. He made history with the CPS in 1986 when he […]

Property

Swedish insurance group Skandia has sold a development site near Heathrow to Whitbread for £5.8 million. Whitbread was represented by Field Fisher Waterhouse.

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