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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

FFW streamlines operations to bring top PPP up to £500K

Field Fisher Waterhouse (FFW) has undergone a thorough restructuring that has helped boost average profits per partner (PPP) by 12 per cent, while those at the top of equity will now take home £500,000, a rise of 33 per cent. The firm has rejigged its management board, revamped its remuneration system and slashed non-performing partners […]

Appealing court

After hours of hearing skeleton argument and days of judicial deliberation, the Employment Appeal Tribunal (EAT) has at last ruled that courts no longer have to phone litigants to ask whether they will be able to attend on time for the hearing. This is great news and shows the far-sighted thinking of the EAT. After […]

Green set to replace Freshfields within hours

Philip Green is set to appoint a new law firm within the next few hours to potentially replace Freshfields Bruckhaus Deringer. Freshfields is currently waiting to appeal an injunction brought against the firm yesterday by Marks & Spencer’s (M&S) law firm Slaughter and May with a hearing set for 2.00pm this afternoon (3 June). However […]

Self-induced comma

CMS Cameron McKenna knows a bandwagon when it spots one. Not content with joining the ‘Speak Plain English’ lobby, the firm has corralled author-of-the-moment Lynne Truss to help spread the word to its legions of poorly punctuating professionals. The so-called “high priestess of punctuation” and author of the million-selling handbook on all things comma-related, Eats, […]

Is the grass really greener?

For some lawyers, the ultimate work-life balance choice is relocating overseas. Jason Horobin reports Although UK lawyers crop up everywhere from New York to Nairobi these days, some of the biggest sources of opportunities for aspiring expatriates are to be found offshore – more specifically, the Channel Islands, the Caymans, the British Virgin Islands or […]

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