In brief: The Law Society president

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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

Senior executive at Thompsons leaves to set up own practice

Nigel Tomkins, a well-known personal injury lawyer and senior executive at Thompsons, has quit the firm after 25 years to set up his own consultancy. Tomkins – who was responsible for training and education throughout Thompsons – was a member of Lord Woolf’s civil justice working party. He was also heavily involved in preparing the […]

Expert experts head to head

Accountants feel unfairly slighted when their services as expert witnesses are rejected summarily by lawyers, simply because their firm acts as the client’s auditor. The implied perception of bias is, they believe, insulting and unjustified. Are they right? Objectivity and independence are the qualities of an expert, rigorously emphasised by the new Civil Procedure Rules […]

Irvine's union-bashing rhetoric won't work

Lord Irvine’s claim that the Law Society should not be allowed to use its members’ fees to fund its “trade union” activities – which follows closely on the heels of the society’s ad campaign against Lord Irvine’s cuts to legal aid is symptomatic of a wider attack on the legal profession. Lord Irvine chose his […]

Securitisation

The international securities group at Norton Rose advised Stena Line in its recent reorganisation of its asset-backed commercial paper securitisation programme. This programme will expand the existing Sterling-based programme to encompass passenger and freight receivables in euro, sterling, Swedish krona, Danish krone and Norwegian krone. Lead securitisation partner at Norton Rose Jonathan Walsh led the […]

Legal Widow

Disaster was averted at the nursery last week after a gang of three-year-olds threatened to jump ship to the posh pre-prep school on the hill. It’s called L’Ecole des Petits Lapins and offers “meaningful play” in English, French and Hungarian mime techniques, but the key factor for the potential defector tots was the size of […]

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