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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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Baker & McKenzie boosts Mid-East role

BAKER & McKenzie is increasing its presence in the Middle East by opening an office in Bahrain. It will be the first firm to have operations in the two main financial centres of the Gulf region – Manama in Bahrain and Riyadh in Saudi Arabia. The new office will be headed by John Xefos, currently […]

In brief: The Law Society

The Law Society has brought a criminal prosecution against a man who falsely claimed to be a solicitor, for the first time in 10 years. James Chalmers Park was fined £3,000 by Harrow Magistrates Courts and ordered to pay £1,000 in costs to the Law Society after he was found guilty of six counts of […]

Partners on the move

Taylor Joynson Garrett has expanded its commercial property department with the appointment of Adam Marks as a partner. Marks joins from West End firm Walsh Lawson, which will be formally taken over by Kingsley Napley at the end of March. Clarke Willmott & Clarke has gained planning specialist Stephen Pasterfield from Bristol firm, Lawrence Tucketts. […]

In brief: A revolutionary pilot scheme

A revolutionary pilot scheme to allow lawyers to perform conveyancing searches online – in a fraction of the usual time – is set to go nationwide within a year after landing a £4m government grant. National Land Information Service chief Peter Sizer says some of the money will be used to develop the National Land […]

Alexander Harris hires Pritchard two

LEADING clinical negligence firm Alexander Harris has recruited two prominent partners from rival Pritchard Englefield to head its new London office. The new office is due to open this week. However, Pritchards is declining to tell Alexander Harris when it will release Grainne Barton, partner in charge of clinical negligence, and Katherine Pedler, clinical negligence […]

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