Eversheds makes its mark in £1.8bn DuPont/ICI deal

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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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EC urges Taiwan to relax rules

The European Commission is pressing for greater rights of access for foreign lawyers in Taiwan, as part of its negotiations over the country’s accession to the World Trade Organisation (WTO). The move is backed by the Law Society, which wants to see the strict regulations for foreign lawyers practising in Taiwan relaxed. Although foreign lawyers […]

Property

Norton Rose acted for BICC on its sale of Reading’s 700,000 sq ft Oracle shopping centre site to a joint venture between developer Hammerson, represented by Nabarro Nathanson and the Abu Dhabi Investment Authority, advised by Simmons & Simmons, which took a 50 per cent interest in the venture.

In brief: Lay people appointed to OSS committee

The Office for the Supervision of Solicitors has appointed three lay people and one solicitor to its compliance and supervision committee: Philip Davis, legal/industrial injuries officer at the General, Municipal and Boilermakers trade union, Manjot Dhanjal, senior urban policy officer with Birmingham City Council, Valerie Moore, former head of finance and resources at the National […]

Burnley appoints new head of legal

Solicitor Freda Sharkey has been appointed as head of legal services at Burnley Borough Council. Sharkey has had an extensive legal career which began at Liverpool City Council while she was studying to become a solicitor. She will replace Roger Hutchinson who is retiring from the Lancashire council. She was articled at Chelmsford Borough Council, […]

Support for the successors

I was sorry to see Martin Mears defeated in the recent elections. At least he had the measure of Chancery Lane. There are so many issues facing the profession these days, yet it seems that things will never change. While it is difficult to say what the Law Society should do, few speak well of […]

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