Germany’s elite level out as recruitment market slumps

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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 […]

Recommended

Lack of court resources undermines Woolf reforms

A lack of court resources was hindering access to justice, according to a survey of solicitors published last week. Nearly four out of 10 solicitors responding to a Law Society survey said that inefficient administration in court offices made an appreciable impact on their clients’ cases. This year’s Woolf Questionnaire, dealing with the impact of […]

A&O set for LLP conversion by end of financial year

Allen & Overy is set to become the first magic circle firm to convert to a UK limited liability partnership (LLP). The Lawyer understands that subject to a partnership vote, conversion could take place by the end of this financial year, although it is possible that not all of the firm will initially transfer to […]

Snub thy neighbour

You’ve got to feel sorry for Benelux firm Stibbe. It’s bad enough being dissed by longstanding client ING, which only put Stibbe on its domestic panel rather than its global one, but worse still is that those poor Stibbe partners will have no chance of putting the snub behind them, as their Amsterdam office is […]

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Probate solicitors receive billing boost

Appeal judges recently ruled that probate solicitors could bill according to the value of the estate they are administering, as opposed to their hourly rate. The case, Jemma Trust co v. Liptrott & Others, concerned Bolton law firm Kippax Beaumont Lewis, which was involved in the administration of a £10m estate. The firm had charged […]

ICC slams US Alien Tort Statute

THE INTERNATIONAL Chamber of Commerce (ICC) wants the European Commission to call for changes to the US’s 1789 Alien Tort Statute, which allows non-US companies to be sued in US courts for alleged human rights, labour and environmental offences committed in third countries. The ICC is particularly worried about liability claims brought in US courts “against a […]

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