Let sleeping dogs lie, says judge

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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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Nabarros and McClure Naismith split coal property disposal work

BRITISH Coal has appointed Nabarro Nathanson and McClure Naismith Anderson & Gardiner to assist with the massive disposal of the corporation’s property portfolio. Nabarros will take on the work in England, while McClure Naismith will act north of the border in selling off thousands of acres of land. Alan Simpson, one of the partners in […]

SBA makes record level of awards

MORE than u1 million in awards was authorised last year by the Solicitors Benevolent Association, for the first time in its 138-year history. The association, which offers financial assistance to English and Welsh solicitors and their dependants, has also recorded a deficit of u50,000 for 1994. Association secretary Commander Nick Lorimer says the awards consist […]

Firms deny negligence claim

TWO law firms are to defend a negligence claim running into millions of pounds after allegedly failing to warn their clients a property they were buying was “seriously overvalued”. Jeffrey Green Russell and Lovell White Durrant both say they will contest their liability vigorously at the High Court trial scheduled for Monday next week. Rentaminster, […]

Fraud claims could 'cripple' fund

THE SOLICITORS Compensation Fund could face a string of crippling multi-million pound claims arising from the alleged activities of one sole practitioner. A claim for u2.25 million and another for nearly u1 million have already landed at the door of the Law Society and it is feared that others may be waiting in the wings. […]

In brief: Lovell White Durrant

Cavan Taylor, senior partner at Lovell White Durrant, will retire and be succeeded by Andrew Walker at the end of April 1996, and not this year, as stated in The Lawyer last week.

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