Digital services — changes in the place of supply for VAT purposes

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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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London scores seven out of 24 new partners in Reed Smith’s 2015 promotions round

Reed Smith has made up 24 partners across the firm in this year’s promotions round, with the largest number appointed to its London office. The firm made up seven partners and two counsel in London. There were 15 promotions across nine US offices, and Abu Dhabi, Shanghai and Hong Kong gained one new partner apiece. […]

No5 Chambers barrister helps prolong search for toddler lost on Kos in 1991

No5 barrister Ian Brownhill has helped the family of Ben Needham secure funding to continue the search for the missing toddler. He stepped in to help after seeing the @FindBenNeedham campaign on Twitter and offered his services free of charge. Brownhill wrote to the Home Office asking why it had taken 10 months to reply to a funding request from South […]

Cooley cracks City with MoFo and Edwards Wildman hires

It’s taken a while, but after almost a year of hunting West Coast US firm Cooley has finally secured the launch team for its London office – as we exclusively revealed on Friday. Cooley’s negotiations to launch in the UK have seen it talk to partners at a variety of firms, most notably Edwards Wildman. […]

Conyers advises Yuzhou Properties Company on the issuance of senior notes

Conyers Dill & Pearman has provided Cayman law advice to Yuzhou Properties Company Ltd on the issuance of $250m (£165m) 9.00 per cent senior notes due in 2019. Yuzhou Properties Company Ltd is one of the leading Fujian-based property developers. Its primary focus is developing high-quality residential properties. To diversify its portfolio, the group also […]

Shoosmiths advises Peugeot on sale of Motaquip

Shoosmiths has advised Peugeot Motor Company plc on the sale of Motaquip, an all-makes car part distribution business to Luton-based Comline Auto Parts Limited, an auto parts business. As part of the transaction, Comline Auto Parts set up Motaquip Ltd as a new company to purchase Motaquip from Peugeot. Motaquip was established in 1981 and […]

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