Notebook: Kennedys needs air traffic control

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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

Yam Seng and the meaning of ‘good faith’

In its recent decision in Yam Seng Pte Limited v International Trade Corp Ltd, the High Court suggested that in certain circumstances the courts may be willing to find an implied duty of good faith in contractual relationships governed by English law. Yam Seng, the claimant and a company incorporated in Singapore, claimed damages for […]

california san francisco

New Orrick boss cuts executives and staff, London not hit

Orrick Herrington & Sutcliffe has confirmed the exit of two senior executives amid wider staff cuts under new boss Mitch Zuklie. A new leadership team conducted an operational review of the US firm since Zuklie took over two months ago, resulting in the lay-off of two senior executives and 21 support staff. Human resources officer […]

digital world internet

Pinsents teams up with tech company to fill compliance gap

Pinsent Masons is to launch a new product capable of monitoring compliance across thousands of suppliers simultaneously and flagging up breaches. The low-cost technology automatically performs due dilligence checks to ensure suppliers in mutiple jurisdictions are compliant with legislation such as the Bribery Act and the Health and Safety at Work Act. The system will […]

Dembovsky

Opinion: Walls come tumbling down

The old rules no longer apply in the legal world, so it’s time to focus on the business basics We’ve all seen law firms unravel at alarming speed in recent years. We look apprehensively for reasons and quickly discount them as not applying to us. After all, it wasn’t you who took on massive lease […]

Fortescue wins High Court decision in long running Pilbara rail access dispute

On Friday the High Court handed down its decision in relation to the long running access dispute between Fortescue Metals and BHP Billiton and Rio Tinto over access to BHP Billiton’s and Rio Tinto’s iron ore railways in the Pilbara. DLA Piper acted for Fortescue in the proceedings. The High Court allowed Fortescue’s appeal in […]

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