Bristol’s Brunel bash

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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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Antony Townsend

Big bang off to a quiet start

Three approved in first wave of ABS conversions  To some it seemed a long time coming, but last week the SRA approved the first alternative business structures (ABSs): Co-operative Legal Services (CLS), Oxford-based John Welch & Stammers and Kent-based Lawbridge Solicitors. Justice minister Jonathan Djanogly heralded the move as a “big bang” for solicitors […]

Cooley, Gunderson and Hogan advise on Zynga’s Draw Something purchase

Two specialist technology firms lined up alongside Hogan Lovells on the acquisition by Zynga of the maker of Draw Something, an app that allows users to play a Pictionary-style game on their smartphones. The much-discussed $200m (£125m) deal, announced last month, saw the acquisitive social network game developer take control of OMGPOP, which launched the […]

Steve Davis
2

Incoming Dewey chiefs agree profit caps as firm renegotiates guarantees

Five partners appointed to Dewey & LeBoeuf’s new senior management team have agreed to take profit share cuts of up to $3.5m (£2.2m) per year each as the US firm renegotiates its deals with star partners on guarantees. The members of the so-called office of the chairman have had their earnings capped at $2.5m (£1.6m) […]

1

Work Life Quiz: Grahame Aldous, 9 Gough Square

What was your worst experience as a trainee? Being sent to a VAT tribunal to do what my clerk described as “a sort of plea in mitigation”. It was nothing of the sort. Where’s the best place to go if you want to find out what’s really going on in the office? Reception. What time […]

Freshfields loses Frankfurt employment team to boutique start-up

Freshfields Bruckhaus Deringer’s entire Frankfurt employment team has exited to launch a boutique, with the magic circle firm sending in a two-lawyer team from Cologne to plug the gap. Two partners and four associates are set to leave Freshfields alongside a member of the knowledge management team and a personal assistant. Frankfurt partners Ulrike Schweibert […]

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