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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

Shorter working hours a priority, says EOC chair

A radical rethink of the “long-hours working culture” is needed to create family-friendly working practices, according to Equal Opportunities Commission chair Julie Mellor. In one of her first public speeches since she she became chair, Mellor told the Employment Lawyers Association’s annual conference in Leeds last week that the Government’s Fairness at Work legislation alone […]

It's been a bad week for…

Hereditary peers, who have been been categorically told by the Lord Chancellor that they have no chance of using the courts to challenge their removal from the Lords, which Conservative peers were considering after being told that a clause in the Bill was flawed. However, Lord Irvine is confident the Bill is watertight. Jokester judge […]

Cameron McKenna loses Moscow lawyer to US firm as it unveils details of Euro alliance

Cameron McKenna’s Moscow office has lost litigation lawyer Sergey Wolfson to US firm Chadbourne & Parke. Wolfson’s departure follows five months on from a purge at the Moscow office. Three Russian lawyers were made redundant in November and December. They included Tatiana Vinogradova, the lawyer who headed the office from when it opened in 1993 […]

Authority finds it's not so good to talk

THE POWER of anti-pollution authorities to wage war on polluters has taken a knock as a result of a High Court ruling in the case of R v Falmouth and Truro Port Health Authority ex parte South West Water. Lawyers who acted in the case say Mr Justice Harrison’s ruling will curb authorities’ powers to […]

KPMG launches law firm ahead of MDP approval

KPMG is launching its long-awaited UK law firm, KLegal, as a virtual multidisciplinary partnership (MDP). The firm will be based at KPMG’s Salisbury Square headquarters, but will have a separate entrance to comply with current Law Society regulations, says KPMG’s UK head of tax and legal Ian Barlow. KLegal will be integrated into the wider […]

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