KLegal: The departures

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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

Dorsey & Whitney fined $400,000 for ‘piling on’ claims

Dorsey & Whitney has been fined $400,000 by a Washington State judge, the Seatlle Post-Intelligencer reports. The Seattle firm had no good reason for eight of the 18 claims it filed in a prolonged business dipute on behalf of the EO of Holland America Cruise Lines, a King County Superior Court judge ruled. The fine […]

LEADER

And a big tick for Herbert Smith and Freshfields. According to sources close to the hilarious RBS pitch process (was there ever so much comedy in a simple tender exercise?), both City firms have made it on to the bank’s panel – and against the odds. The pair are keeping quiet, but they ought to be […]

I’ll give you a tinkle

Moving jobs can be so traumatic. It’s impossible to tell how a law firm will react on finding out that a lawyer is going to a rival. For instance, one particular lawyer at a magic circle firm caught the sharp end of his practice leader’s tongue when he told him he was leaving for a […]

EY bucks market trends

Ernst & Young In sharp contrast to PricewaterhouseCoopers (PwC) and Landwell, Ernst & Young (EY) chose to strengthen its ties with its legal network. In June, Ernst & Young Law Alliance rebranded itself as EY Law following a lengthy strategic review. The new network, comprising more than 40 legal practices around the world, will focus […]

New copyright regulations: great for Microsoft, not so good for e-commerce

Software companies look set to be hit by new copyright rules that came into force this month, as ministers ducked resolving what has become known as the ‘Microsoft Word problem’. The Copyright and Related Rights Regulations 2003 which implement Directive 2001/29 bolster the efforts of copyright holders to protect their intellectual property rights and extend […]

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