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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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US firm poaches Chadbournes' project head

Los Angeles-based 650-lawyer O’Melveny & Myers has recruited Rigdon Boykin, the former head of project finance at US rival Chadbourne & Parke. Boykin is credited for building Chadbournes’ respected international project finance practice, but he is believed to have fallen out of favour with the firm’s management over the direction of its Hong Kong and […]

In brief: Ex-Vallance Lickfold partners fined £5,000

Three partners at London firm Vallance Lickfold have been found guilty of using client money and failing to pay counsel fees by a Solicitors’ Disciplinary Tribunal in London. Andrew Cameron, now a solicitor at London’s Swepstone Walsh, and Alan Herd and Neil MacDonald were fined u5,000 and ordered to pay costs of u9,609.

Livelihoods on the line as CPS wields axe

Last week The Lawyer exclusively revealed the sets which had been axed from the Crown Prosecution Service’s (CPS’s) preferred list. The debate that raged when the system was introduced three years ago has been re-ignited by the CPS’s equally controversial decision to drastically cull the number of preferred sets, from 38 to 27. Barristers, some […]

Euro bank cuts its legal panel from 100 to eight

The European Bank for Reconstruction and Development (EBRD) has slashed the number of firms it instructs for its specialised country legal advice from over 100 to just eight. Clifford Chance, Allen & Overy and Coudert Brothers are among the 52 firms from the UK and abroad that are understood to have had their bid to […]

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