Prohibition notices: if it ain’t broke, don’t fix it

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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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Hogan Lovells launches global 25-hour citizenship target for all staff

Hogan Lovells has launched a global citizenship target for all staff, asking them to complete 25 hours of voluntary work per year. The transatlantic giant will ask staff to partake in voluntary work that fits into one of the firm’s five citizenship aims: community investment, diversity, environment, matched charitable giving and pro bono. Staff will […]

Conyers Dill & Pearman advises AXIS Capital on its merger with PartnerRe

Conyers Dill & Pearman is advising AXIS Capital Holdings Ltd on its $11bn (£7.3bn) merger of equals with PartnerRe Ltd. The transaction, which is expected to close in the second half of 2015, is structured as an amalgamation under Bermuda law and is subject to shareholder approval, regulatory clearance and customary closing conditions. Upon completion […]

RBS

RBS deputy GC Collins promoted to top job as Campbell steps down

The Royal Bank of Scotland (RBS) has promoted its deputy general counsel, John Collins, to the role of chief legal officer following the retirement of Chris Campbell. Campbell retired at the end of 2014 after almost five years as the bank’s head of legal. He took up the general counsel role in 2010 on the […]

Walgreens Alliance Boots reorganises top legal line-up in wake of merger

This week newly-merged Walgreens Boots Alliance has appointed former Alliance Boots legal counsel and chief administrative officer Marco Pagni as executive vice president (VP) and global chief legal and administrative officer of the combined business. Pagni was appointed group legal counsel and chief administrative officer of Alliance Boots in 2007 and promptly moved to consolidate […]

Manchester

Latham jumps on northshoring bandwagon with Manchester business services office

Latham & Watkins has become the latest in a string of firms to launch a business services office, announcing plans to open in Manchester later this year. The office will complement the firm’s existing global services office in Los Angeles as part of a longer-term strategy to grow its support capabilities in Europe. Manchester will […]

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