Simplifying EU merger control: will it really reduce burden on business?

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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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TSB

TSB names Post Office GC as new legal head

TSB Bank has named Susan Crichton, previously the Post Office general counsel, as its first general counsel. Crichton joins the bank on 6 January 2014 and will head up the bank’s preparations for an IPO. The appointment follows the recent split of Lloyds TSB Bank. In September Lloyds Banking Group named corporate and M&A head […]

Sydney

Clayton Utz appoints new chief executive

Clayton Utz’s board has appointed litigation partner Robert Cutler to succeed Darryl McDonough as the firm’s next chief executive partner. Based in Sydney, Cutler’s appointment will take effect from 1 July 2014. He joined Clayton Utzin 1991 and became a partner in 1998. He served as partner in charge of the Canberra office from 2000 […]

BP

Baker Botts helps UK Government back BP in US federal contracting ban challenge

A heavyweight roster of firms along with the British Government swung into action in a Texas courtroom last week to help BP challenge a US ban on it bidding for federal government contracts. The lawsuit, heard in a Texas federal court, was filed by BP this August to challenge an action by made on 28 […]

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Clifford Chance client Excalibur slammed in High Court ruling

The High Court has issued a stinging judgment against Clifford Chance client Excalibur, ordering it to to surrender the £17.5m it put up as security for costs to its courtroom opponents, Texas Keystone and Gulf Keystone, as an interim payment. All claims bought by Excalibur over disputed rights to oil blocks in Iraqi Kurdistan were […]

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