MoFo sticks with lockstep

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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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Deals summary

Baker & McKenzie’s London and Paris offices (Eric Lasry, Adam Levin) advised Platinum Equity on its acquisition of the European operations of Alcatel’s enterprise distribution and services business. Alcatel was advised in-house. Field Fisher Waterhouse (Charles Whiddington, Andrew Evans) advised Teradyne on international merger clearance following its acquisition of technology company GenRad. Merger reviews were […]

Dickinson Dees plans OFT appeal for Arriva

Dickinson Dees is expected to make an appeal on behalf of client Arriva against a £203,632 fine from the Office of Fair Trading (OFT) for breaking competition law by deciding to share certain bus routes with FirstGroup

Addleshaws tells partners: bill now

Addleshaw Booth & Co’s management is getting tough with its partners over a mounting backlog of billings The firm has proposed to withhold 10 per cent of partners’ monthly drawings from the start of the next financial year if more than 25 per cent of a partner’s annual billings are more than 90 days old. […]

Anal-Eyes

Tulkinghorn would like to offer his thanks for a letter from one Maurice Millen, the head of IT at Macfarlanes. Millen was immortalised as the subject of The Lawyer’s correction that won the highly acclaimed prize of Correction of the Year in Private Eye. For those of you who don’t remember, the slightly tongue-in-cheek item […]

Staffordshire lawyer charged with money laundering

A partner in a Staffordshire law firm has been charged with money laundering the proceeds of a multimillion-pound VAT fraud. Paul Winter Morris continues to work as a solicitor at the four-partner AH Brooks & Co.Listings staff at Birmingham Crown Court said Morris is due to appear on 9 September at the court with the […]

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