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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

Parallel drives

Canada’s provincial governments have been examining each other’s approaches in their bids to develop the use of public-private partnerships. Over the past few years, the use of public-private partnership (PPP) models in infrastructure projects has grown significantly in Canada. In 2007 the federal government created a new agency, PPP Canada, to encourage the development of […]

Fifty jobs to go as crunch hits Howard Kennedy

Howard Kennedy is set to axe up to 50 jobs, including 20 fee-earning roles, as the firm seeks to stave off the full impact of the credit crunch. As first reported on The Lawyer.com (20 June), the West End firm has opened a 30-day consultation with all staff as part of a firmwide strategic review. […]

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Simmons & Simmons smashes PEP target

Simmons & Simmons has boosted its average profit per equity partner (PEP) by nearly 22 per cent, smashing through its target. The firm recorded PEP of £647,000 well clear of the £600,000 target the firm set a year ago. The figure marks an increase of more than £100,000 on last year’s figure of £532,000. Early […]

Maitland, Harneys in Cayman ventures

Offshore services firm Maitland Group is to launch a Cayman Islands-based law firm after recruiting former Walkers partner Sara Collins. Offshore services firm Maitland Group is to launch a Cayman Islands-based law firm after recruiting former Walkers partner Sara Collins. Maitland has traditionally opted to position itself as an offshore trust services company, but managing […]

Kennedys acquires Davies Lavery

Kennedys acquires Davies Lavery” />Kennedys is set to grow a national network of offices after merging with insurance boutique Davies Lavery. The merger will give Kennedys an instant footing in Birmingham and Maidstone, as well as a larger base in Chelmsford. A merger with Kershaw Abbott Solicitors in March saw the firm move into Manchester. […]

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