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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

Australian firm in u9m fraud payout

The partners of one of Australia’s most prestigious law firms, Allen Allen & Hemsley, have been found personally liable for A$22m (u9m), arising from the fraudulent activities of a former managing partner in the London office. The 100-partner firm, which is based in Sydney and Brisbane, has been rocked by a string of adverse judgments […]

Orricks steals Cameron McKenna duo

US firm Orrick Herrington & Sutcliffe has lured two Cameron McKenna project finance partners to join its London office. Martin Stewart-Smith and Paul Stock join the San Francisco-based firm from Cameron McKenna’s energy and construction department. Ian Johnson, managing partner of Orricks’ London office, says: “Martin and Paul’s addition further deepens our project finance resources […]

Financings

Norton Rose acted for Scotia Water Dalmuir on the u50m design

Quote of the week

“Judicial chambers, like any other small office, require a close working relationship among its staff, and workers routinely may be exposed to the vagaries of co-workers’ or employer’s sometimes eccentric personalities or uncivil behaviour.” – Pennsylvania Commonwealth Court rules that Traffic Court Judge Lillian Podgorski’s habits of throwing things at her assistant, cursing her family, […]

In brief: Paisner & Co

Paisner & Co has increased its fee earning staff by 12.5 per cent in the past three months, bringing the fee earning total to 155. The firm poached solicitors from Berrymans Lace Mawer, Berwin Leighton, Coudert Brothers, Garretts, SJ Berwin and Theodore Goddard as part of an expansion drive.

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