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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

Somerset fights retrospective dismissal claim

Tim Miller reports Lawyers from Somerset Council will this month defend an unfair dismissal claim at the Employment Appeals Tribunal (EAT) which is seen as a test-case for local authorities. Mary Biggs, who was sacked from her part-time job as a teacher 17 years ago, is seeking to challenge the UK’s three-month time limit on […]

Trainees suffer long hours and insecurity

TRAINEE and newly qualified solicitors are burdened with debt worries and fears they may lose their jobs, according to a report out this week. The Trainee Solicitors’ Group survey based on the responses of 148 solicitors to questionnaires shows 54 per cent are worried about job security and 51 per cent concerned about debt. Less […]

In brief: QCs subject to standard criminal fees

Standard fees in criminal cases are set to be extended to QCs. The fixed-fee system will also be broadened to include Crown Court cases lasting up to 10 days. The Lord Chancellor is currently in tough negotiations with the Law Society and the Bar Council and new regulations are expected to be announced in the […]

Litigation Disciplinary Tribunals 07/02/95

CHRISTOPHER JOHN HOBSON, solicitors clerk for Austerfields, Bridlington, North Humberside, banned from working for any further solicitors without written consent from Law Society and ordered to pay u570 costs. Allegations substantiated he misappropriated and/or misapplied funds held or received by firm for and on behalf of clients. Tribunal told investigations completed by 8 September last […]

Sheila Simison on the rise of macho tactics in the Commercial Court

Those who practice in the Commercial Court are usually litigating on behalf of one of the top one thousand companies over vast sums of money. By comparison, the legal costs may represent just a small percentage of the sum in dispute. But how cost-effective are some practitioners in doing the best job for their clients? […]

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