Norton Rose elects senior partner for next century

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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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Financing

Allen & Overy advised on both sides of the £400 million facility for Racal Electronics. The firm advised the borrower and acted for NatWest and BZW as arrangers.

In brief: Former West lawyer appeals suspension

Cheltenham sole practitioner Howard Ogden, Frederick West’s former lawyer, is appealing against his one-year suspension from practice following a disciplinary hearing into his conduct. At the solicitors’ disciplinary tribunal last week, he admitted acting in a way likely to bring his profession into disrepute and allowing a conflict of interest to arise. An allegation of […]

Quest for a level playing field

In 1991 the Lord Chancellor’s Department proposed to extend the standard fee regime, which covers the majority of trials lasting up to three days, to cover all trials up to and including five days in length. If accepted this would have covered an even wider spread of cases in which no allowance would be made […]

Simmons partner advises on Romania green policy rethink

THE ROMANIAN government has appointed Stephen Tromans of Simmons & Simmons as its consultant adviser as part of a comprehensive review and overhaul of environmental legislation. Tromans, a partner and head of the environmental law department, forms part of a team co-ordinated by Harvard University’s Institute for International Development. The institute is funded by the […]

Berwin Leighton waves NY farewell

BERWIN Leighton’s 13-year experiment in running a US office has ended with the news that one of its American lawyers is being investigated over allegedly misappropriated office funds. The firm, which opened in New York in the boom years for UK investment and was staffed by US lawyers practising American law, announced the closure last […]

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