Magic circle fails to dent Spanish fliers

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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

McGrigors recruits QC for regulatory push

McGrigors is making a rare hire from the bar as 18 Red Lion Court silk Jonathan Fisher joins the firm’s tax litigation and regulatory team. Fisher will start work at McGrigors in September, initially as an employed barrister but later as a partner when he requalifies as a solicitor. He will advise on business crime […]

Structural shift

With the advent of LLPs, the Legal Services Bill and the additional option of an alternative business structure, the legal profession should be prepared for a dramatic period of change. By Colin Ives By the end of this year, more than 50 per cent of the top 100 UK law firms will have become limited-liability […]

Norton Rose PEP and revenue inch up

Norton Rose has recorded a sluggish year of growth, with turnover up just 3.5 per cent and average profit per equity partner (PEP) up by 4.7 per cent. The firm’s PEP for the last financial year was £445,000, up from £425,000 in 2005. Turnover was £210m, a 3.5 per cent rise from last year’s £203m. […]

BLP faces £3m client refund

Berwin Leighton Paisner (BLP) may be forced to pay back up to £3m to long-standing client Alpha Airports for damages claimed to have arisen from the firm’s advice on a £7.5m catering contract with Icelandic charter airline Excel Airways. Alpha had its shares suspended in April until this week and has seen three top executives […]

For any scores left to settle…

With the World Cup ending in spectacular fashion yesterday, it’s only fitting that we mention the first ad hoc arbitration panel set up by Fifa with the Court of Arbitration for Sport to settle any emergency disputes that might have arisen from the now-concluded tournament. No, Michael Beloff QC of Blackstone Chambers – the only […]

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