Linklaters-Oppenhoffs tie suffers legal hitches

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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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Chadbourne & Parke wins fight to open Beijing office

New York firm Chadbourne & Parke is to open an office in China, having been granted a licence by the Chinese Ministry of Justice. Chadbournes applied for the licence in 1994. It has finally received its certificate of approval and is now in the process of deciding exactly which lawyers it will charge with the […]

Conflicts rules under fire by City Law Society

A wholesale shake-up of the rules governing conflicts of interest is about to take place, The Lawyer can reveal. The City of London Law Society working party will today publish a paper which calls for the conflicts rules in England and Wales to be brought in line with the more liberal rules on the Continent. […]

Hooligans prove rights are not equal

John Cooper says that attempts to expel English football fans from Euro 2000 infringe on human rights There has always been a suspicion that Europe is not as united as it may seem. Criminal practitioners are being showered with opportunities to attend conferences and seminars on the European Convention on Human Rights. For many prosecutors […]

Freshfields moves CC to Canary Wharf

Freshfields has scooped the work on Clifford Chance‘s City desertion – the first time it has worked on a major deal for its rival. The global firm, which spends nearly £40m each year on property costs, is abandoning its Aldersgate office in favour of one million square feet at Canary Wharf. It is understood the […]

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