Schillings fails to save BP’s Browne

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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 […]

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Extra effort

Blackstone Chambers’ joint head of chambers Ian Mill QC is something of a frustrated actor, Tulkinghorn has learnt. While at university Mill made every effort to secure a role as an extra in the 1980s classic Chariots of Fire, which was being filmed in his college and ultimately went on to win an Oscar. Unfortunately […]

DLA Piper and RPC scoop Grant Thornton merger

Reynolds Porter Chamberlain (RPC) and DLA Piper have scooped lead roles on a merger that aims to shake up the Big Four accountants’ stranglehold on the market. Grant Thornton turned to RPC and DLA Piper is advising RSM Robson Rhodes in the accountants’ plan to combine to form the fifth-largest accountants in the UK by […]

A&O invests in Bangalore University

Allen & Overy (A&O) is attempting to strengthen its ties to the Indian legal market by providing an endowment for a professor of law at Bangalore’s India University. The position, which will be known as the Allen & Overy Professor of International Financial Law, comes with a ten-year endowment. As part of the entente, A&O […]

Beachcroft swoops for MBRM’s public law team

Beachcroft has hired the entire public law team from Mayer Brown Rowe & Maw (MBRM), taking one partner and two assistants. Tony Child, who set up MBRM’s public law department in 1995, will leave the firm this week to join Beachcroft. He will take a team of two assistants and one legal executive with him. […]

The work-life quiz with Jonathan Stephens

What was your first-ever job?Haymaking in the summer of 1976. Fortunately it was the year of the severe drought and the bales were really light. Name: Jonathan Stephens Firm: Wilsons Title: Managing partner Lives: Dorset Education: Sevenoaks School; London School of Economics; College of Law Work history: 1980: Qualified as a solicitor; worked in the […]

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