A&O reinstates book debt ruling in NatWest victory

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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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Sidley scoops China Life class action

Sidley Austin Brown & Wood has beaten US rival Shearman & Sterling to win a mandate to defend China Life Insurance in a class action against the company. Last month, Milberg Weiss Bershad & Schulman filed a class action law suit on behalf of independent shareholders against China Life, which completed a $3.5bn (£1.91bn) dual […]

Awards preview: management team of the year

On 22 June, 1400 people will crowd into the Grosvenor House Hotel on Park Lane for the most eagerly-awaited event of the year. With only one week to go, The Lawyer brings you a sneak preview of the shortlisted individuals and teams Addleshaw Goddard A year on from the merger, Addleshaw Goddard looks to be […]

Osborne Clarke boasts record figures

Osborne Clarke has announced record end of year figures, with provisional profits per partner (PPP) rising by 30 per cent. Profits have risen to £303,000 from £233,000 in 2002-03. The hike takes the firm back above 2001-02 levels, when it recorded profits of £270,000. Revenues for 2003-04 are up by 6 per cent to £64m, […]

Duane Morris scoops litigation double from Kirkpatrick & Lockhart

Duane Morris’s New York office has scored two leading litigation experts from Kirkpatrick & Lockhart to lead its newly carved out broker-dealer practice. Loren Schechter and James Tricarico will co-chair the new national broker-dealer practice at Duane Morris which is aligned with the firm’s trial practice group. As well as time spent at Kirkpatrick, over […]

Lady luck fails to smile on QC juror

An unlucky barrister on jury duty has been discharged from three juries in the last eight days because he keeps bumping into colleagues. The QC was called to jury service on 6 April the day after new legislation came into force allowing lawyers and judges to be called to perform the civic duty. Over an […]

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