O’Melveny raids White & Case for Singapore launch

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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 […]

Recommended

Satellite litigation

By common consent, the 2004 statutory dispute resolution procedures were not a success, and produced an avalanche of satellite litigation. They have been variously described as ‘inappropriately inflexible and prescriptive’ (Gibbons Report), ‘the middle of a manky meat sandwich’ (Hansard) and ‘rebarbative’ (Underhill J). From April 2009 they will be replaced by a shorter, more […]

Chilli power

Wilberforce Chambers is pleased with the ­development of up-and-coming young clerk Reiss Nott, Tulkinghorn has learnt. Just like Rocky and his raw eggs, the clerking team at Wilberforce has a recipe to beef up its sapling trainees. Hot talent deserves hot food, says ­senior clerk Declan ­Redmond. “Before joining us Reiss had never had a […]

Paul Weiss; Davis Polk on Sony deal

Two US firms have won the lead roles on the $1.2bn sale of German music giant Bertelsmann’s 50 per cent interest in Sony BMG to Sony. Davis Polk & Wardwell advised Bertelsmann with New York partner Christopher Mayer leading the firm’s team on the deal. Sony turned to panel firm Paul Weiss Rifkind Wharton & […]

Not in our names

The Court of Appeal’s recent ruling in Tyco v Rolls-Royce means parties to joint-names or composite insurance would do well to insist that the issue of waiver of subrogation is dealt with when contracts are being drawn up. Litigation arising out of ­construction projects is not, of course, unusual. What is regrettable is the number […]

Cobbetts enters real estate redundancy talks

Cobbetts has entered redundancy consultations with staff in its real estate practice, including partners. The firm is aiming for a single figure headcount reduction, across all levels and practice areas of its Leeds and Manchester real estate departments. Managing partner Michael Shaw said: “As a result of the impact of the downturn in the property […]

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