Employment update — December 2014: contract variations; holiday pay; shared parental leave; 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 […]

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Gide set to explore emerging markets as Puel and de Moucheron re-elected

Gide Loyrette Nouel has re-elected its managing and senior partners for a second three-year term along with a new executive board. Managing partner Stéphane Puel and senior partner Baudouin de Moucheron stood together for re-election on a combined slate. They will start their second three-year term in January 2015 with the aim of continuing the firm’s […]

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Penningtons Manches opens San Francisco office to bolster cross-border M&A practice

Penningtons Manches has announced the opening of its first office outside of the UK in San Francisco to cash in on the firm’s network of clients in the area and boost its M&A cross-border offering. Corporate and technology partner James Klein and IP and IT partner Hamish Corner will provide English law advice on corporate […]

Eversheds takes on three partners in Ireland

Eversheds has appointed three partners in Ireland: Anna Broderick; Cian MacGinley; and Peter Curran. Broderick will become a partner in the firm’s employment law practice. MacGinley has been appointed partner in the real-estate practice. Curran has been appointed partner in the projects group and will lead the procurement team. Broderick and MacGinleytrained and developed their careers with the firm. […]

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Bird & Bird faces £2m professional negligence case over Elisabeth Murdoch home

Bird & Bird is facing a £2m negligence claim from British Virgin Islands (BVI) company Orientfield Holdings in relation to Orientfield’s aborted purchase of a £25m property recently bought by Elisabeth Murdoch. Orientfield Holdings is pursuing its adviser for the loss of a £2m deposit after it pulled out of buying the seven-bedroom investment in […]

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Clifford Chance’s growing critical list

Loss of PE star Oliver Felsenstein must surely force firm’s hand over lockstep reform. “Of course, if we lose a partner it does concern us – some partners more, and some partners less,” Clifford Chance’s co-head of private equity Oliver Felsenstein told The Lawyer last October. It’s likely that Felsenstein’s own resignation last week will […]

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