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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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Jail break

The collapse of Tyco left its general counsel facing prison. Anthony Davis and Pamela Jarvis report on the implications of Mark Belnick’s acquittal This summer’s acquittal of Mark Belnick, former general counsel of Tyco International, was not as surprising as it seemed. Many thought that Belnick, a highly regarded New York lawyer with impeccable credentials, […]

Pen pushers

Is Eversheds branching out into new and interesting areas of law? Just last week Tulkinghorn was at his local Tesco to stock up on his port and stilton supplies. After handing over his Coutts platinum card, he was given the receipt to sign with none other than a fancy orange Eversheds pen. Has the firm […]

Bindmans leads Lloyds TSB union in data battle

Renowned human rights firm Bindman & Partners is advising Lloyds TSB’s workers’ union on its legal attack on the bank’s offshore outsourcing, which could threaten the future of the practice. The claimants allege that Lloyds TSB is exporting its clients’ sensitive personal data to India, which does not have the same stringent standards of protection […]

CC mentoring scheme offers black students a helping hand

British African and Caribbean students may find the path to a corporate career more accessible thanks to the involvement of Clifford Chance in a programme aimed at improving educational potential among this group. The African and Caribbean Diversity (ACDiversity) mentoring and enrichment programme has been in existence since 1998, focusing on a combination of academic, […]

Masons wins NHS EDS work after A&O and DLA conflicted

Masons has helped settle the NHS’s dispute with IT provider EDS, setting it up to retender the contract to Cable & Wireless. The director general of the national programme for IT in the NHS Richard Granger turned to Masons IT partner Clive Seddon because his regular advisers – Allen & Overy (A&O) and DLA – […]

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