Clementi response draws a blank as Law Society Council fails to decide

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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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Simmons tax guru joins Treasury

Simmons & Simmons is losing a second senior partner to the Government in just over a year. Edward Troup, managing partner of the tax and pensions group at Simmons, has been appointed as the director of business and indirect tax at the Treasury. His move into public service follows Simmons’ former head of competition Peter […]

BPI shake-up yields new legal head

The British Phonographic Industry (BPI) has recruited a new general counsel as part of a shake-up on its legal department. Geoff Taylor, deputy general counsel and director of litigation and regulatory affairs at the International Federation of the Phonographic Industry (IFPI) has been appointed to the post. He will take on the role formerly held […]

BLP secures acquisition for hotel chain

Berwin Leighton Paisner (BLP) has closed its first deal for boutique hotel chain Malmaison, advising on its recent purchase of The McCausland Hotel in Belfast. The work came to BLP through partner David Battiscombe, who joined the firm at the beginning of the year from Finers Stephens Innocent, where he headed up real estate. Malmaison […]

Hearsay

Which magic circle partner drunkenly stole a taxi in Hong Kong to drive home, thereby provoking a city-wide manhunt? Which female City partner regularly uses male prostitutes?

Freshfields sucked into Iraqi row over Saddam’s lost gold

Magic circle firm sidelined on Oil for Food probe as Coalition Provisional Authority demands US advisers Freshfields Bruckhaus Deringer’s investigation into corruption during the Oil for Food Programme in Iraq has ground to a halt after the firm has become embroiled in a political furore between the country’s two rival authorities. In an extraordinary move, […]

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