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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

Thomas Eggar sees steady growth

South-East firm Thomas Eggar Church Adams has announced a sound set of financial figures after a year of investing heavily in its new London premises and expanding its asset management business Thesis. Gross revenue rose by 12 per cent, from £17m to £19.1m. Average profits per partner climbed from £132,000 to £164,000, with partners at […]

McDermotts lands plum role with IAC AIM listing

Chicago firm’s London office wins instruction from film finance company The London office of Chicago firm McDermott Will & Emery is advising film finance company IAC Holdings on its flotation on AIM.The company has issued a pathfinder prospectus and expects to complete its listing by today (6 August) by way of a reverse takeover of […]

Bar Council to work on direct access recommendation from OFT's report

BarDirect restrictions are brought into question as bar considers an extension of clients’ direct access to barristers The Bar Council is willing to explore the recommendation in the Office of Fair Trading’s (OFT) report on competition in the professions to extend direct access.Although the bar’s consultation paper in response to the OFT’s report looks largely […]

Canada set to gain freedom from provincial boundaries

The Federation of Law Societies of Canada is planning to introduce complete mobility for lawyers in the country and do away with the provincial jurisdictions. At the federation’s annual meeting this month, it will start a process aimed at allowing lawyers to practise throughout the country rather than just in their home province.The country is […]

…as estate planning partner quits

Beiten Burkhardt Mittl & Wegener has lost its estate planning capability with the departure of Klaus Wigand, who is leaving to set up his own firm. Wigand, who is based in Munich, is currently working alone, but he plans to employ two more lawyers before the end of the year.Bridges Kanzlei Wigand, as the firm […]

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