Malta: An island apart

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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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Manchester

Manchester’s JMW parts with 8 PI secretaries in face of Jackson reforms

JMW has parted company with eight of its 12 secretaries in its personal injury (PI) department, citing challenges caused by the Jackson reforms as a reason for the cuts. The firm confirmed the redundancies, adding that one PI secretary was moved to the family department while three others were retained. “In order to continue offering […]

Disclosure and Barring Service will launch update service on 17 June 2013

The Disclosure and Barring Service (DBS) has announced that it will launch a live ‘update service’ on 17 June 2013. Once individuals are registered on the update service, employers will be able to carry out a free, online check on the current and up-to-date status of an individual’s DBS certificate. The new update service will enable […]

London
3

Revenues fall at Addleshaw Goddard to £167m, PEP up 2 per cent

Fee income at Addleshaw Goddard has remained static over 2012/13 with the firm posting a revenue drop of two per cent from £170m to £167m. Average profit per equity partner (PEP) increased marginally by 2.5 per cent from £446,000 to £457,000 while profit margin was at 27 per cent compared with 26.5 per cent a […]

5

Norton Rose Fulbright hands 25 per cent of governance roles to US partners

Norton Rose Fulbright has granted just over 25 per cent of positions on its two key governance bodies to US partners, meaning legacy Fulbright & Jaworski is almost as well represented on the management groups as the UK. In total 11 Fulbright partners join either the global executive committee (ex comm) or the supervisory board […]

Louis Baker

HMRC targets salaried members in proposed partnerships tax rules changes

Louis Baker, head of professional practices, Crowe Clark Whitehill The Government believes that an attack on abuse of LLPs and partnerships will yield £300 million within two years, primarily from large professional firms, including law firms. HMRC has launched a consultation on its proposals to change the tax treatment of those it will badge as ‘salaried […]

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