Muckle hit by 33 per cent PEP decrease

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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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India’s Trilegal makes key projects hire

Allen & Overy’s Indian best friend Trilegal has poached a leading projects partner and team of four associates from Indian firm Hemant Sahai Associates. Allen & Overy’s (A&O) Indian best friend Trilegal has poached a leading projects partner and team of four associates from Indian firm Hemant Sahai Associates. Partner Sitesh Mukherjee, whose practice focuses […]

Gómez-Acebo defies economic crisis with 12 per cent turnover hike

Spanish firm Gómez-Acebo & Pombo Abogados has posted a 12 per cent jump in turnover to hit e61.1m (£54.83m). The firm has grown strongly since undertaking a strategic review of its ­business with consultants Accenture in 2007. It broke the ;e50m ;(£44.87m) turnover barrier for the first time in 2008, growing by 15 per cent […]

A&O, CC advise on Abu Dhabi banks’ bailout

Allen & Overy and ­Clifford Chance have advised on the Abu Dhabi ­government’s AED16bn (£2.98bn) bailout of five local banks. Allen & Overy (A&O) and ­Clifford Chance have advised on the Abu Dhabi ­government’s AED16bn (£2.98bn) bailout of five local banks. Clifford Chance advised the Abu Dhabi government on its tier 1 capital injection into […]

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Indian market proves a tough nut to crack for non-domestic players

Despite Western law firms’ continued presence in the country’s deals tables, their influence may be on the wane. India’s corporate M&A market has traditionally been dominated by a few elite law firms, with local heavyweights Amarchand & ­Mangaldas & Suresh A Shroff & Co and AZB & Partners among them. For new entrants, getting a […]

Professional Negligence Special Report: The ex factor

A recent case provides useful guidance on when a law firm can and cannot act for a former client. Richard Harrison reports. The issues that a law firm needs to consider if it wants to act against a former client were clarified in the recent case of Winters v Mischon de Reya (2008). Mishcon de […]

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