Merged chambers gets all mod cons

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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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Bar student loses out on resits by just one mark

FORMER Inns of Court School of Law student Matthew Ricks has been forced to drop plans for a career at the Bar after the Council of Legal Education refused him a second resit on a module he failed by a single mark. Ricks, who asked the CLE to use its discretionary powers to grant another […]

Mears rethinks aid response

MARTIN Mears says he will redraft the Law Society’s response to the legal aid Green Paper shifting the attack away from cash limiting and cutting out the rhetoric. Mears, who has cancelled a presidential trip to Chicago in order to work on the response to the Green Paper, wants to point the Law Society’s guns […]

SFO clocks up 72 cases in one year

THE SERIOUS Fraud Office worked on a total of 72 cases during the year from 5 April 1994 to 4 April 1995, says its annual report. Thirteen trials were concluded resulting in the conviction of 16 individuals and 15 defendants were acquitted. The workload was dominated by fraud on banks, financial institutions, and on creditors […]

Flotations

Eversheds’ Leeds office advised Farnell on its purchase of Combined Precision Components for £30.45 million. Rooks Rider in London advised the vendor.

In brief: Law Society goes solo on fees advice

The Law Society has issued its own model terms of engagement of counsel for conditional fee agreements and advised solicitors that the Bar’s alternative terms “are in some respects disadvantageous to clients”. The society has listed six areas of dispute including the Bar’s requirement for an advice fee to be paid even if counsel does […]

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