LG raid sees fifth partner loss for Faegre this year

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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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4

Keir Starmer QC appointed DPP

Doughty Street Chambers’ joint head Keir Starmer QC has been appointed the next director of public prosecutions (DPP), the attorney general Baroness Scotland announced today (25 July). Starmer, who was called to the bar in 1987 and took silk in 2002, will take over from Sir Ken Macdonald QC, previously of Matrix Chambers, on 1 […]

GSK ends GC search with Sidley hire

GlaxoSmithKline (GSK) has turned to the US for its new general counsel, hiring Sidley Austin life ­sciences partner Dan Troy following a seven-month search. Former GSK general counsel Rupert Bondy joined energy company BP in May after announcing his departure in January. Troy will start at GSK on 2 ­September. GSK refused to confirm who […]

1

New Law Soc boss wants businesslike attitude

New Law Society president Paul Marsh has vowed to make the business of law the overarching theme of his 12 months in office. In his first interview since taking up the presidency, Marsh told The Lawyer that solicitors need to take a business approach to their law firms. “This isn’t mutually ­exclusive with the law […]

18

Advisors kept as Mosley moves from privacy to libel

Norfolk-based Steeles Law has been retained by Formula 1 chief Max Mosley as he launches libel proceedings against the News of the World. Mosley’s legal team issued a writ for defamation against the newspaper on Friday (25 July) after winning £60,000 in damages from the Sunday publication for breach of privacy (TheLawyer.com, 24 July). Steeles […]

Shearman appoints Euro finance head

Shearman & Sterling has appointed structured and ­leveraged finance partner Clifford Atkins to head the firm’s European finance group, taking over from Anthony Ward. Ward will step down from 1 August to focus on his posts as London managing partner and member of the global policy committee.

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