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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

Archive system takes best from both worlds

Firms using the SOS Practice Manager can now benefit from a new archiving facility combining microfiche capabilities and computing. The Bath-based supplier Solicitors Own Software has been working with microfilm experts MAB Services to help Birmingham firm Sydney Mitchell develop an archive and retrieval system. SOS managing director Michael Platt says the development is an […]

Catching up with Europe

Each year as the ties between the European Union’s member states strengthen, lawyers are being asked to increase their knowledge of legislation coming out of the continent. But now, as the Law Society prepares to introduce a new European element to legal training, some people are questioning whether the education system is adequate in preparing […]

Litigation Recent Decisions 09/05/95

Tracing funds paid in property deal Boscawen & Ors v Bajwa & Ors: Abbey National v Boscawen (1995). (CA (Stuart Smith LJ, Waite LJ, Millett LJ). Summary: Entitlement to funds in court derived from a sale under a charging order and tracing funds paid to a chargee so as to create an equitable charge over […]

A&O partner lines up for SPI president

Gordon Stewart, one of the City’s top insolvency lawyers and partner at Allen & Overy, is the first lawyer to be appointed vice-president of the Society of Practitioners of Insolvency (SPI). Stewart, a licensed insolvency practitioner, is almost certain to become the society’s first lawyer president. Meanwhile Colin Bird, the well-known senior corporate recovery partner […]

ACE to the rescue

Supplier ACE has devised a disaster protection scheme which provides pre-configured systems to replace servers put out of action by theft or damage. Under the subscription-based scheme a stand-by system for a predefined number of users will always be on hand.

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