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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

Hoon urges Foil head to run for Parliament

The president of the Forum of Insurance Lawyers (Foil), Martin Bruffell, is considering running for Parliament as a Labour Party candidate. Bruffell is being urged to run by his close friend Geoff Hoon, the Foreign Office minister and one-time second-in-command to Lord Irvine in the Lord Chancellor’s Department. Bruffell – who is also managing partner […]

Mishcons joins global GM litigation network

Mishcon de Reya is involved in a global network of law firms formed to launch a world-wide litigations against companies making genetically modified seeds. Law firms from across the globe met up in London last month at the behest of Washington firm, Cohen Milstein Hausfeld & Toll who reportedly dreamed up the class action offensive. […]

Fosters legal chief tells firms to think global or lose partners

Law firms must develop global capacities if they are to stop the latest generation of lawyers moving from private practice to in-house, says Peter Turner, head of legal at Fosters Brewing Group. Turner warns that national firms face being unable to keep pace with their clients’ increasing global interests. Turner says: “Law firms are risk-averse […]

Would you employ the bar?

Perhaps more than in any other area of law, employment barristers have to prove their worth. Solicitors are happy to take on tribunal advocacy themselves, and so can choose whether or not to involve counsel in a case. The readiness to instruct barristers varies considerably from firm to firm. Many City lawyers say they find […]

Head of 10 King's Bench steps down

High-profile criminal silk Ronald Thwaites QC is stepping down as head of chambers at 10 King’s Bench Walk after 10 years at the helm. He is being replaced by former deputy Georges Khayat QC, who says: “He’s a maverick and a high-flier and at first I didn’t know what kind of head he would be. […]

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