KPMG takes leading E&Y tax lawyer

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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

Quote of the week

“I think when people start to tell lies about a three-year-old child who has lost her father anyone would take action.” – Paula Yates after winning her libel action against Mail on Sunday, which printed allegations that she became pregnant to force Michael Hutchence into marrying her.

Cloisters splits up after crisis meeting

Cloisters is poised to split its civil and criminal teams. Cloisters’ criminal and civil groups held crisis talks last week and it is understood that the 15-strong criminal team will leave chambers. But the team’s destination has yet to be finalised. One option under discussion would create the UK’s first criminal “super-set” through a tripartite […]

Enough is enough

Just what is Michael Napier doing? As senior partner at Irwin Mitchell he must surely see that the Law Society is fundamentally flawed, increasingly irrelevant and potentially a problem for the development of a 21st century legal business in London. His decision to stand in the presidential elections – whether a last gasp attempt at […]

Weil away the hours

Weil Gotshal & Manges is not planning to increase individual targets to 1,700 billable hours per year (“US firms retaliate in war for London’s top lawyers… as they try to match UK billable hours,” The Lawyer, 5 June). While we did substantially increase our lawyers’ remuneration in March (starting at £50,000 for newly qualified lawyers), […]

Legal Widow

Bad day on Saturday – I couldn’t get into my car at the supermarket. “Listen you,” I said to the car, clicking my electronic beep thing in despair. “If your mechanism is going bump – and I can hear it from here – that means you’ve got to open, you stupid bloody petrol-eating bloody thing!” […]

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