Ashursts loses two property lawyers

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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

Adams leaves Citigroup to head ABN Amro legal

Citigroup is losing its highly-rated head of legal to ABN Amro Bank NV. Laurie Adams, who has been with the bank for 11 years and oversaw 160 staff, will join ABN Amro on 1 November as the head of legal for its wholesale banking unit. Dutch bank ABN Amro has been searching since the beginning […]

De Besche splits from Denton Wilde network

Norwegian firm de Besche & Co is pulling out of Denton Wilde Sapte’s international network, Denton International, following its merger with local Oslo firm Arntzen Underland & Co. Arntzen is closely linked to the Stockholm office of Baker & McKenzie and a potential conflict of interest between Denton Wilde Sapte and Baker & McKenzie means […]

Eversheds shuts Middlesbrough office

National firm Eversheds is shutting its Middlesbrough operation, leaving it with just one office in the North East. The firm has decided it will not renew its Teesside office lease at the end of the year. Instead, it intends to relocate the three partners and 29 staff to the Newcastle office. The decision comes only […]

Scuffle of the week

City law firm Charles Russell faces questioning from the Financial Services Authority after one of its lawyers told the High Court that its client Scoot.com was in advanced takeover talks only hours before a Stock Exchange statement denying reports of a takeover bid. Following a report in The Sunday Telegraph that Scoot.com was in takeover […]

IBA takes new merger initiative

The International Bar Association has started an initiative to draw up an agreement to cover all cross-border mergers. The International Bar Association aims to cut deal costs that have become enormous because of the paperwork involved. According to the International Bar Association, global merger activity was worth around $2 trillion (£1.4 trillion) in the first […]

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