Eversheds Bristol closure gifts Osborne Clarke with partner…

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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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Outside influence

As a relatively small country, and one which is heavily dependent on inward investment, Ireland has always been affected by outside economic influences, and the IT sector is already feeling the effects of the downturn in the US economy. For instance, Ebeon, a technology firm based in Dublin, was recently forced to cease trading, making […]

Wessing seeks consultancy remedy as merger splits firm

German firm Wessing is bringing in a UK consultancy to rescue it from crisis as partner dissent threatens to split the firm. Disagreement over whether to merge with a UK firm has caused division within the firm and forced a group of partners from the Munich and Hamburg offices into secret negotiations with Bird & […]

Heleniak awaits Shearmans vote

New York firm Shearman & Sterling will vote this week to appoint M&A lawyer David Heleniak as its new senior partner. Present incumbent Stephen Volk has been in the role for 10 years, and under the firm’s partnership deed is allowed to serve only two five-year terms. Heleniak, whose clients include Goldman Sachs, Merrill Lynch, […]

Hall takes over at Gordons Cranswick

Leeds-based Gordons Cranswick has shaken up its management structure by appointing a new senior partner. The role, which up to now has been split between two people, will be taken on by litigation partner John Hall. Former incumbents Richard Wilson and David Coates are quitting the partnership to take up consultancy roles with the firm. […]

Opinion

Are too many individuals being channelled into bankruptcy, when there are alternative routes to recovery? With bankruptcy becoming more acceptable in our economy there is now less stigma attached to it. As a consequence, there is a potential danger that the advice given to individuals in serious financial difficulties may be to declare themselves bankrupt […]

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