Greeks bearing ships sunk by paper-chasing trainee

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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

Accountant invasion looms over Irish firms

The accountants are coming. That is the alarm cry echoing through certain sections of the profession in the Irish Republic right now, at a time when law firms, like the economy, are experiencing an unprecedented boom. The alarm was sparked off by plans to establish an Irish practice that will be closely associated with the […]

Criticism falls on deaf ears

Ninety-five per cent of soldiers in one Irish army barracks are claiming compensation for deafness – and Defence Minister Michael Smith maintains that the country’s legal profession and the judiciary are mainly to blame. Smith argues that the flood of claims, which now stands at 11,500 – more than the total strength of the Irish […]

Concerned clients

BIRMINGHAM firms get a B+ for effort, but a warning that they could do better, in the first of The Lawyer’s exclusive surveys of client response to regional law firms. The fact that 25 per cent of the Midlands businesses questioned went out of the region for all their legal services shows that local law […]

All's fair in love and law

YOUR report, “Law Society staff face huge pay cuts in new regime” (The Lawyer, 8 February), failed to mention the fact that roughly the same number of staff have received salary increases as have had their pay frozen. There is no plan to reduce staff numbers as a result of the new pay system. Our […]

Australia blocks Year 2000 litigation

AUSTRALIA has legislated to protect businesses from year 2000 compliance litigation. It is following the lead set by the US and increases the pressure on the UK government to follow suit. The Australian Bill offers limited protection against civil liability through the use of a specified Year 2000 disclosure statement. UK lawyers specialising in information […]

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