EU Commission launches infringement proceedings against six member states

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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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Shanghai

De Brauw confirms Shanghai launch

Benelux firm De Brauw Blackstone Westbroek is joining German best friend Hengeler Mueller with an office in Shanghai, its second Chinese base. The news follows yesterday’s announcement by Hengeler that it was moving into Shanghai (4 December 2013). De Brauw launched in Beijing alongside its UK and Iberian best friends Slaughter and May and Uría […]

Who now has the right to succession?

By Bukola Aremu It is important to know what changes have been made to the statutory regime for succession to a tenancy when a tenant dies. For secure tenancies, it can be found under Section 160 of the Localism Act; while for assured tenancies, it is under Section 161 of the same Act 2011. It […]

Rent as an expense of the administration: an update

We reported in our last newsletter that the High Court has granted permission in the Games Station administration on the question of the circumstances in which rent and service charges are to be treated as an expense of an administration.  The current position, following Goldacre and Luminar, is that rent and service charges payable in advance and which […]

Costing it out

Plebgate has put the issue of cost budgeting right at the top of the agenda. Shame, then, that our survey of in-house lawyers uncovered their irritation at law firms’ inability to estimate litigation costs. For more on this, don’t miss our Global Litigation 50 report next week. Clients rail against botched litigation budgets CoA could […]

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