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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

Criticism falls on deaf ears

Ninety-five per cent of soldiers in one Irish army barracks are claiming compensation for deafness – and Defence Minister Michael Smith maintains that the country’s legal profession and the judiciary are mainly to blame. Smith argues that the flood of claims, which now stands at 11,500 – more than the total strength of the Irish […]

…as pressure groups slam youth justice in N Ireland

LEADING children’s rights organisations are calling for a review of the youth justice system in Northern Ireland. Voluntary organisations met with the Criminal Justice Review Body last week to discuss changes to the law they would like to see brought in. Paddy Kelly, director of the Belfast-based Children’s Law Centre told The Lawyer: “Under the […]

London lights undermine Birmingham's law firms

THE GOOD people of Birmingham know they do not have to go far to find a top quality curry, but new research released exclusively to The Lawyer shows they do not have the same faith in their local law firms. Over a quarter of the 100 large Midland companies interviewed do not use local firms […]

Freshfields reveals plans to go Dutch

FRESHFIELDS is understood to be in takeover talks with a Dutch law firm about opening an office in Amsterdam, The Lawyer can reveal. Freshfields managing partner Ian Terry confirms the firm is planning a move. “We are, and have been, looking at the Dutch legal market for a long time, but we have yet to […]

Square Mile

Want more profit? For many, cost-cutting is the favourite route. Is it easy? Yes. Sustainable? No, apart from an initial one-off benefit. Leverage is the fastest route. Firms that pride themselves on a partner-led work culture will become poor firms (relatively speaking). But leverage is expensive to maintain and if under-used is also the quickest […]

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