Hammonds hit by double Brussels exits

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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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Prioritising diversity

During the past couple of years Pinsent Masons has embarked upon a number of initiatives to ensure that minority groups are recognised and represented in our business. One way to recognise minority groups has been to work with equality lobbying group Stonewall as a member of its Diversity Champions programme. The programme is a good […]

Treasury fights off £1bn Lloyd’s claim

The Treasury yesterday (9 November) successfully fought off a £1bn claim brought by 1,000 Lloyd’s Names. The investors in Lloyd’s of London brought the case under a Group Litigation Order. They alleged that the government’s failure to correctly implement the European Insurance Directive led to massive claims being filed against Lloyd’s in the 1990s and […]

7 Bedford Row installs its first female head of chambers

Civil and criminal set 7 Bedford Row has elected Kate Thirlwall QC as head of chambers after the previous incumbent David Farrer QC stepped down from the role. Thirlwall, the set’s first female head, takes up the position after a period of sustained growth for the set, which has seen its turnover grow to £15.3m […]

Beachcroft’s profit drive kills off private client team

Beachcroft is set for a revolutionary restructuring in a bid to boost profit. The firm’s private client team is the first to be axed after a review of underperforming practice groups. London’s unremunerative projects team will be moved to Bristol and Birmingham’s professional risks department could go to Manchester or Bristol. The firm has begun […]

Succession planning

Unbeknown to most DLA Piper partners, there was a succession race for control of the DLA empire. That race was settled last week when Nigel Knowles, doyen of DLA Piper, and his wife Sally gave birth to a son, Jack Austin. Nigel is understood to have already put in place plans for Jack to preside […]

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