Survey shows property market ‘bottoming out’

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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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Advisers clamour for WorldCom’s $150m

The bunfight for fees on the WorldCom restructuring has begun, with lawyers battling over their share of an estimated $150m (£89.6m) in costs. The telecoms group, which has since rebranded as MCI, this month saw its reorganisation plan approved by a New York judge after 15 months of fraught negotiations. As counsel to the official creditors […]

Brit Insurance completes first legal panel

Brit Insurance, the UK insurance subsidiary of Brit Insurance Holdings, has created its first formal legal panel. Many of Brit’s previous advisers have lost out in the review, which has formalised a smaller number of law firm relationships. The full review of service providers kicked off in April and formed part of Brit’s strategic development […]

Lovells senior partner battle draws to a close

The race for the Lovells senior partner position was heading for the finish line as The Lawyer went to press last week. The closing date for partner votes was last Saturday (15 November) and The Lawyer will publish the results of the election on www.thelawyer.com today (17 November). The three men still in contention are […]

Drama as Grabiner speaks out at football shirt price-fixing appeal

Leading silk accuses Competition Appeals Tribunal of becoming a ‘legal jamboree’; Monckton Chambers junior slapped down The appeal against the Office of Fair Trading’s (OFT) ruling in the football shirts price-fixing inquiry kicked off at the end of last month, with fireworks from JJB Sports’ barrister Lord Grabiner QC and a slap in the face […]

Linklaters replaces competition, EU law chief

Linklaters has shored up its German competition and EU law practice following the departure of group head Dirk Schroeder for Cleary Gottlieb Steen & Hamilton, as revealed by The Lawyer (3 November).The magic circle firm has announced that Wolfgang Deselaers will replace Schroeder. Although he is currently based in Brussels, Deselaers will divide his time between the […]

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