Stumbling over the MDP vision

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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

In brief: Lord Chancellor warned on premiums

Premier legal expenses insurer Abbey Legal Protection has warned the Lord Chancellor, Lord Irvine, that the poor must receive help to pay for their premiums. It says either a continuing legal aid scheme will have to help poorer litigants or the solicitors must include the cost in their fees – and be prepared to write […]

Dutch-Belgian firm DSH opens Dusseldorf office

Dutch-Belgian firm DSH Derks Star Busmann Hanotiau has become the third international firm – after Shearman & Sterling and Clifford Chance – to establish a permanent base in Dusseldorf. From the start of next year, Ton Heebing, a dual Dutch-German-qualified partner in the firm’s Arnheim office, will be stationed in the city on a full-time […]

Stoy Hayward comes out against MDPs

Accountancy firm BDO Stoy Hayward has launched a public campaign against MDPs in an attempt to woo law firm clients. Following Arthur Andersen’s attempt to merge with Simmons & Simmons, and the launching of law firms by Price Waterhouse and Coopers & Lybrand, several accountancy firms on the rung below the big six are publicly […]

In brief: Pinsents' recruit aims to develop practice

Construction law partner Jonathan Hawkswell has left Dibb Lupton Alsop’s Sheffield office to join Pinsent Curtis in Leeds. He will be charged with developing Pinsents’ construction practice. Hawkswell said: “There is the experience and resource here to represent clients in resolving their disputes commercially and effectively.”

Dame Porter likely to appeal if surcharged

Dame Shirley Porter’s appeal against the “homes for votes” surcharge may not be the end of the matter, reports Roger Pearson. Judgment may be given before Christmas in the case in which Dame Shirley Porter and former colleagues on Westminster City Council are challenging a £31.6m surcharge imposed on them by the district auditor. The […]

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