Call for avenue of redress against auditors

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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

Mediation “not always the answer”

The Law Society is confident that it can win its fight against compulsory mediation in the Family Law Bill, after two rebel Conservative MPs tabled an amendment against the clause last week. Edward Leigh and Teresa Gorman’s amendment could mean a vote on the issue, expected this week, will swing in favour of scrapping the […]

Report looks at duties to the disabled

Further education colleges and government agencies are risking court action because of ignorance of their legal duties towards students with disabilities and learning difficulties, according to Beachcroft Stanley’s education unit. The City firm has been commissioned to write a report, Duties and Powers, on the laws governing provision of further education to people with learning […]

Criminal hustice system shambolic says Heath, blaming narrow aims of police

The criminal justice system is in danger of becoming a laughing stock according to the president of the Justices’ Clerks Society. Speaking at the Justices’ Clerks Society Annual Conference on 8 May, Tony Heath described the justice system as shambolic and lacking an overall aim. Heath singled out the police for attack when he accused […]

High-flying transatlantic wage splits partners

Opinion is divided on White & Case’s move to hike London newly-qualified salaries to New York levels, reports Helen Sage News that US firm White & Case is to start paying New York-level salaries to newly qualified lawyers in London has been met with confusion by the City. UK City firms suggest they may be […]

Litigation Writs 05/11/96

An Abingdon man is heading for a new legal confrontation with a motorist he blames for injuries he received in 1988 and for which he has already received agreed compensation of £80,000. In a sequel to the settlement of the case, David Clubb has now issued a writ against Roger Fowler, of Chipping Camden, Gloucestershire, […]

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