Lords uphold decision in Thai Trading

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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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Legal institute rejects funding warning

The Institute of Advanced Legal Studies is pushing ahead with expansion plans despite warnings from a review committee that it risks “gradual decline” unless it can source substantial new funding. The London-based institute – partly funded by City law firms – has been told to find new sources of income. The committee’s report says rapid […]

Digest

Darcey Bussell, the UK’s leading ballerina, poses with Dundas & Wilson managing partner Chris Campbell (right) and Arthur Andersen senior partner in Scotland Fred Hallsworth (left). The two firms sponsored ‘An Evening with Darcey Bussell’ which was held at The Edinburgh Festival Theatre earlier this month – their first joint sponsorship venture to promote arts […]

London lawyers can't take the heat in Bermuda

London lawyers posted to Bermuda to fight one of the highest profile court cases of the decade have admitted that they are fed up with life on the paradise island. Norton Rose and Clifford Chance lawyers flew to Bermuda for the Thyssen trust case at the beginning of the year, expecting an imminent trial. But […]

Square Mile

What do you have when you’ve got a lawyer up to his neck in sand? One answer is not enough sand. Another is that you’ve got the situation existing at the moment – a lawyer deep in the sand of a rule book no longer suited to today’s business climate. And at the heart of […]

SIF demise threatens payments hike

Lawyers face a hike in their SIF contributions next year following the Law Society’s decision last week to scrap the fund by September 2000. The extra payments will provide cover for the surge of claims expected in the run-up to SIF’s demise and provide cover for Year 2000 claims. A Law Society spokeswoman says the […]

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