Ashurst to send Green to Hong Kong

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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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Fladgate sued over Izodia fraud

Fladgate is being sued for negligence after a partner took action that allowed a fraud against shareholders in the former dotcom company Izodia. As The Lawyer revealed today (4 August ), former Fladgate corporate head Nicolas Greenstone has been reprimanded by the Solicitors Regulation Authority (SRA) for actions that led to £33m being stolen. Greenstone […]

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Cadwalader: a victim of its own strategy

Cadwalader Wickersham & Taft’s week of woe was caused by a misguided management strategy that its current administration is trying desperately to clean up. Cadwalader Wickersham & Taft’s week of woe was caused by a misguided management strategy that its current administration is trying desperately to clean up. Back in January my New York colleague […]

Ex Shearman German partner rejoins legacy firm

Shearman & Sterling’s former German legacy firm, Schilling Zutt & Anschütz (SZA), has re-hired corporate partner Stephan Brandes from McDermott Will & Emery six months after he left. Shearman & Sterling‘s former German legacy firm Schilling Zutt & Anschütz (SZA) has re-hired former corporate partner Stephan Brandes from McDermott Will & Emery, six months after […]

Eversheds latest to freeze associate pay

Eversheds has frozen associate base salaries in London and the regions as the firm fully enforces its new performance-related remuneration structure. The firm froze its newly-­qualifieds’ salaries at £62,000 in London, while those in the regions stay on £39,000. For lawyers with one year’s PQE, the pay band sticks at between £61,000 and £68,000 in […]

Pinsents knocks DLA off AIM top spot

Pinsent Masons has stormed to the top of Hemscott’s AIM adviser rankings, gaining six new clients in the past six months. In the last quarter the firm overtook AIM heavyweights DLA Piper and Norton Rose for number of clients listed on AIM. DLA Piper remained in second place despite five companies dropping off its roster. […]

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