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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

RPC and Doughty Street seal CoA victory for The Guardian

RPC senior associate Brid Jordan and Doughty Street Chambers’ Gavin Miller QC have won a major case for The Guardian in the Court of Appeal (CoA), which ruled that the media has a right to see documents used in criminal cases. The Guardian appealed a judicial review ruling given by the Administrative Court that found […]

Jeremy Hoyland
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Simmons to open low-cost Bristol base

Simmons & Simmons is to open an office in Bristol in a bid to slash its fee rates. According to managing partner Jeremy Hoyland, the office, which is slated for an autumn launch, will handle “complex legal work” where “location is not an issue for clients”. It is expected that the office will initially handle […]

The Co-operative: good with more than food

The Co-operative has become the first consumer brand to be granted an ABS licence in what is either the legal industry’s second big bang, or first barbarians at the gate moment. Or possibly both. Along with the Co-op, two high street practices have been licensed by the SRA: John Welch and Stammers and Lawbridge Solicitors […]

3

DLA Piper names new Asia-Pacific managing director

DLA Piper’s incumbent Asia-Pacific managing director Alastair da Costa will relocate back to the UK after more than four years at the helm in Hong Kong. London-based EMEA finance and projects group head Bob Charlton is set to take over the role. Alastair da Costa was appointed to the managing director of Asia role on […]

Vinson & Elkins and Machado Meyer advise on $5.16bn Sinopec deal

Vinson & Elkins and Brazilian law firm Machado, Meyer Sendacz e Opice Advogados have advised Sinopec on acquiring a 30 per cent stake in the Brazilian unit of Portuguese oil company Galp Energia for $5.16bn (£3.24bn). Vinson & Elkins fielded a multi-jurisdiction team that consisted of Shanghai-based partners Jay Kolb and David Blumental, UK partner […]

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