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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

Judges avoid charity work

JUDGES are treating charity work cautiously following the Lord Hoffmann debacle. The Master of the Rolls, Lord Woolf, has bowed out of hosting a fund raising reception for Amnesty International because he has been told he could be one of the judges hearing General Augusto Pinochet’s new plea for state immunity. While Lord Woolf has […]

European Court breaks through language barrier

Travelling citizens of the European Union must be able to use their own language in the court of the region they are visiting if that right is also enjoyed by residents of the area, the European Court of Justice (ECJ) has ruled. Its judges were asked to consider the cases of an Austrian lorry driver […]

Apil warns of 'chaos' in insurance

Insurance companies should improve their readiness for the Woolf reforms or risk “chaos” and a return to “trench warfare” between the insurance industry and personal injury lawyers, the Association of Personal Injury Lawyers (Apil) is warning. But insurers say they are baffled by the remarks, insisting they are fighting alongside everyone else to meet Woolf’s […]

In brief: The International Bar Association

The International Bar Association’s Human Rights Institute has achieved further success by successfully negotiating the release of Iranian legal scholar Hojatoleslam Sayyid Mohssen Saeidzadeh. He had been detained without charge and denied access to counsel since June 1998. He was imprisoned because of an article he had written arguing for a progressive view of Islam […]

Swapping law for crocodiles

A trainee solicitor-cum-Crocodile Dundee adventurer has given new hope to those wanting to opt out of the law. Twenty four-year-old Abigail Wilkinson of Solihull gave up her traineeship at a Birmingham firm where she aimed to specialise in EU law, because she found it “boring”. Wilkinson then went backpacking in the Australian outback, fell overboard […]

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