Austrian Tax Newsletter: acquisition of shares; granting of loans; and more

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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

scotland
1

Thorntons: Life in Scotland is sweet

Dundee-headquartered Thorntons is on a mission to become the premier firm in the east of Scotland and has just sealed a double merger in Fife to help it on its way. The addition of St Andrews-based Murray Donald and Cupar’s Steel Eldridge Stewart (9 June 2014), which will add £4m to Thorntons’ 2013/14 turnover of […]

digital world internet

Blackstone and Bhatt Murphy bring internet spy case against GCHQ

Blackstone Chambers’ Ben Jaffey and Tom Cleaver have been drafted in by Bhatt Murphy on behalf of a group of internet service providers (ISPs) that have launched a legal claim against the Government over surveillance. Bhatt Murphy director Mark Scott has instructed the public law duo on the claim filed against Government monitoring organisation GCHQ […]

international

International firms: here to maturity

Fewer lawyers covering more territory is the theme this year, as international players take a more realistic view of prospects in the region One of the world’s most ubiquitous law firms – Baker & McKenzie – has established the largest global practice presence in Asia Pacific, overtaking recently merged Anglo-Australian challengers Herbert Smith Freehills (HSF) […]

London

Osborne Clarke sees tech and telecoms heads quit for Fieldfisher and Reed Smith

Osborne Clarke’s head of technology Mark Webber and head of telecoms Angus Finnegan have both left the firm, moving to Fieldfisher and Reed Smith respectively. Finnegan was recruited by Osborne Clarke in 1998, after working opposite the firm’s former head of IT and telecoms Simon Rendell on a deal. He arrived after spending four years […]

Laos

Malaysia’s Zicolaw expands into Laos

Malaysia’s largest law firm Zicolaw has continued its regional expansion by adding a firm in Laotian capital Vientiane to its network. Three-lawyer Vientiane Law Co, which is led by managing partner Viengsavanh Phanthaly, was founded in 2009 and focuses on foreign investment into Laos as well as IP and dispute resolution. The firm is the […]

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