Milbank Tweed partner to chair SEC board

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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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Cobbetts raids Addleshaws company secretarial unit

Former head of Addleshaws practice joins Cobbetts with two colleagues Top 10 Manchester firm Cobbetts has raided Addleshaw Booth & Co’s company secretarial unit in order to set up its own practice.Matthew Baker, a fellow of the Institute of Chartered Secretaries and the head of Addleshaw’s company secretarial unit, will be joining Cobbetts in November. […]

Malta toughens up regulations to appease European investors

Malta Financial Services Authority gets serious in preparation for EU membership. Brendan Malkin reports Malta has spent the last decade trying to prepare itself for accession to the EU, introducing a raft of laws designed to shake off its image as a stereotypical offshore tax haven. But it now stands uniquely in an economic no […]

Midnight's children

Travelling home through the City last Tuesday night, following a splendid evening at Mrs Tulk-inghorn’s favourite restaurant Cecconis, Tulkinghorn was horrified at the sight of Simmons & Simmons’ building. As impressive as the building was – shining like a beacon to all those lost in their desperate search for a lawyer – this was mainly […]

Venture Law Group forced into capital call for lease payoff

Silicon Valley technology firm Venture Law Group (VLG) has been forced to make a capital call to pay its way out of a property lease As revealed in The Lawyer (14 October), VLG closed its San Francisco office, which was being occupied by just 12 lawyers despite having space for 40.VLG asked each of its […]

Addleshaws lures Brunner Mond from Ashursts for property work

Addleshaw Booth & Co has poached Ashurst Morris Crisp client Brunner Mond, winning two new instructions in the process Addleshaws will now be instructed by the company on all property matters.“There’s real experience in the regions and a cost saving to be had as well,” said Addleshaws commercial property partner Mark Haywood. “They [Brunner Mond] […]

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