Wragges boosts private equity team with 3i in-house lawyer

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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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Ashursts hit by Dragon Oil move

CITY firm Ashurst Morris Crisp is likely to lose out on almost a quarter of a million pounds-worth of work when one of its major clients, Dragon Oil, moves to Dubai. Dragon Oil’s in-house counsel Edward Simpson is also a casualty of the move. He is being made redundant at the end of June. The […]

Case of the week

The fight against Serbia has moved to the courts. The International Court of Justice heard Yugoslavia’s protests that Nato’s bombing of Kosovo was an illegal act of aggression and genocide. While a final ruling could take five years to appear, Yugoslavia is seeking an interim ruling to stop the bombing. Pictured above: The Spanish, UK […]

New competition rules clear the way

Michael Grenfell, partner, Norton Rose Simon Holmes, partner, SJ Berwin & Co John Boyce, partner, Slaughter and May In an attempt to clear a severe backlog of competition work building up outside the European Commission’s (EC) doors, a white paper was recently released proposing changes to how the EC handles restrictive trade cases under Article […]

Breaching warranties

Leave has been given by the House of Lords for an appeal in the case of Senate Electrical Wholesalers v STC Submarine Systems & anor. The case centres on a decision by Mr Justice May in December 1996 in which he awarded Senate just over u7.5m for a claim involving breach of warranties on the […]

City firms face fresh demands from new marketing breed

Law firms are turning to a new breed of marketer to help position their businesses in the new competitive culture but the professional marketer-law firm relationship is not without its problems. Legal marketing is very attractive in cash terms, attracting candidates with a wealth of marketing experience. But law firms are still tending to shy […]

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