A&O expands Hong Kong practice

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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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Force feeding clarfied

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Corporate

Guardian Media Group, advised by McClure Naismith Anderson & Gardiner, has completed a joint venture with Wired Ventures, a Californian limited partnership, advised by Simon Olswang & Co, to publish and distribute Wired magazine in the UK.

QC urges Brussels action

Nick Hilborne A LEADING QC is calling for urgent reform of the Brussels Convention on European Union jurisdictional disputes. Michael Briggs QC wants to end the “disgrace” of the current system where international litigants are forced to wait years for disputes to be settled, costing hundreds of thousands of pounds in legal fees. He also […]

Death and affordable taxes

Inheritance tax has spiralled during the past 10 years. But many people are paying too much, reports John Browne Martin Chuzzlewit is on our screens. A serial that is built around inheritance and a will. It has an audience of one million adults watching the television adaptation each week. Of these, 70 per cent do […]

Law Society rules on corporate pensions

Bob Butler, head of the Law Society’s monitoring unit, has confirmed that lawyers will receive no further formal guidance on what constitutes corporate pensions business. Instead, solicitors are required to use their own common sense in declaring to the Law Society that they are involved in work which may constitute arranging corporate, rather than personal, […]

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