Freshfields scoops spot on Barclays panel after failing to make it in 2003

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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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Linklaters boosts PEP further to leave Freshfields floundering

Linklaters’ financial performance has outstripped that of its magic circle competitor Freshfields Bruckhaus Deringer with the firm reporting even better financial results than previously expected. A review of Linklaters’ final figures for the 2004/05 financial year has shown that average profits per equity partner (PEP) have risen by a staggering 25 per cent to reach […]

Wal-Mart regulatory shame gives rise to investors’ fury

Global corporates have been put on notice to be vigilant about corporate governance and compliance or risk the ire of their shareholders after a group of investors in Wal-Mart hit out at the company’s legal and regulatory controls. Shareholders in the largest retailer in the US last month fired off a letter critical of Wal-Mart’s […]

Careers: In brief

Jersey firm Sinels, in conjunction with Caversham Fiduciary Services, held a seminar on offshore trusts on 20 May at Lincoln’s Inn. The aim of the seminar was to introduce private client solicitors to Jersey trusts. Advocate Philip Sinel highlighted the security involved in local trusts and defended trusts from attack by beneficiaries or outsiders. The […]

Cadbury Schweppes revamps legal team

Cadbury Schweppes will overhaul its legal department following the retirement of chief legal officer and group secretary Mike Clark. His role will be split between group M&A director Henry Udow, who will become chief legal officer, and legal director Hester Blanks, who will take over as group secretary. Both will be based in London. The […]

Opinion

With new UK laws outlawing ageism, diversity at law firms is going to be tested to the full By October 2006, new laws prohibiting discrimination on grounds of age will come into force. The legislation is expected to challenge firms to bring further diversity into their policies and practices that will touch the heart of […]

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