Partner fails in damages claim

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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 […]

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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

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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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SFLA awaits white paper

FAMILY law specialists are expecting the Lord Chancellor to support calls for no-fault divorce in his white paper due later this month. The paper is believed to approve submissions by the Solicitors Family Law Association and others recommending irretrievable breakdown is cited as the only cause of divorce. Former SFLA chair Richard Sax, on the […]

Simmons & Simmons partner mounts defence against felony indictment

US defence lawyers acting for Simmons & Simmons partner David Sandy will fight attempts by the New York District Attorney (DANY) to prosecute him by arguing that the DANY is wrong on both jurisdictional and legal grounds. Steven Weiss, a partner in Sandy’s defence team at New York firm Weil Gotshal & Manges, says: “We […]

Silence isn't golden

The difficulties City firm Simmons & Simmons finds itself in, with unprecedented allegations being made against a partner, can only elicit sympathy at this stage. But whatever the outcome, the firm has already suffered damage to its reputation, however unfair. The loss of a major client will also hit its billings. The firm chose to […]

Sticky labels won't do it

It seems a shame to shatter the illusions of Nicholas Brown (‘Training and sticky labels’ The Lawyer 4 April) just as he is entering the profession, but the use of a sticky label on an applicant’s envelope is highly unlikely to sway a prospective employer one way or the other, What is inside the envelope […]

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