Corporate counsel told to get tough on firm over-charging

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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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In brief: Royal & SunAlliance

Royal & SunAlliance has become the first major company to offer after-the-event insurance in commercial and contract disputes, easing the pressure on the Lord Chancellor’s legal aid reforms. The product is targeted not at personal injury cases, but at the commercial sector. Insurers have been reluctant to cover commercial, contract and intellectual property cases because […]

Legal Widow

I went into the Marks & Spencer ladies business-wear section this week for the first time in nine years and was amazed to find it has expanded from the “Latvian air hostess” look in red or peacock blue with matching side-knotted scarf to an entire floor of foxy trouser-suits in mohair/chain-mail blends. I fled to […]

On the bench

Peter Leaver QC has joined Graham Kelly and Glenn Hoddle on the bench. John-Paul Flintoff discovers that the latest member of football’s ruling elite to be sent off still feels mightily aggrieved – and perhaps for good reason Until recently, Peter Leaver QC figured among the most important men in English football. As chief executive […]

Insurer axes in-house in favour of external firms

Legal fee insurer Eastgate Assistance is closing down its in-house legal department and plans instead to hand out litigation work to its panel. Alex Wise, spokesman for the group, says: “We have made a commercial decision to outsource the work undertaken by this team to our solicitors’ panel.” “This is not a wholesale redundancy,” he […]

Insolvency star quits Dibbs for Stephensons

Leading insolvency partner Paul Gordon-Saker is leaving Dibb Lupton Alsop to join rival City firm Stephenson Harwood. Gordon-Saker was with Dibbs for 36 years. He was head of Dibbs’ insolvency practice in London until last year and will head Stephenson Harwood’s insolvency team in June. Dibbs’ insolvency unit has lost a number of partners to […]

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