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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

German moves

International lawyer Reinhard Hermes has joined US firm Morgan Lewis & Bockius’s Frankfurt office as the firm’s first German partner. He has joined the firm from the Frankfurt office of US firm Cleary Gottleib Steen & Hamilton. Hermes is admitted to the German bar and the New York bar. His practice focuses on foreign investment […]

'No person responsible for £13m SIF shortfall'

Heads will not roll following the £13m shortfall in the Solicitors Indemnity Fund because no single person can be identified as responsible, Law Society president Tony Girling has said. The SIF board met last week to hear a report on the error, which stated that the team responsible for making the projections for contributions for […]

The Lawyer Inquiry: Julian Chadwick

Julian Chadwick was born on 3 January 1957. He is the managing partner of Pennington’s Newbury office. What was your first job? Greengrocer’s assistant. What was your first ever salary as a lawyer? £6,000 on qualification. What would you have done if you hadn’t become a lawyer? A priest. Which law could you live without? […]

Verdict on barristers hits TV

“Justice is not only about evidence,” states journalist David Rose introducing a six-part series that claims to lift the lid on the legal system. The first part of The Verdict, to be screened on BBC2 on Tuesday 12 November, shows how advocates play the jury system to win cases. In it Rose talks to “star […]

Stress levels reduced after Hardwicke Buildings move

A change of venue has resulted in a change of attitude for barristers and staff at Hardwicke Building Chambers. The 70 tenants of the Lincoln’s Inn chambers moved from their cramped 6,000sq ft site to a new 17,500sq ft complex earlier this year. It was officially opened by Lord Woolf on 4 November. Chambers chief […]

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