GDPR and the effect on Business Value - Liverpool Law Society

This event is aimed at: corporate lawyers, commercial lawyers, accountants & anyone with a business.

Our speaker recently undertook a GDPR review for a well resourced Fintech that had used Magic Circle advice throughout including as to its finance processes and documentation as well as its GDPR practices and processes. They had not joined them up.

Fortunately his background covered twenty years in finance and almost the same in data privacy, with an overlap of ten years. The review found that the very first step was fatally flawed from a GDPR perspective rendering the entire data flows unlawful. The Magic Circle firm were not too happy as this flaw affected every securitisation transaction and sales of receivables undertaken. The reality is that GDPR affects every aspect of business – the consequences are still being uncovered. One of the worst consequences is the effect on business value of not having complied with the laws since 1998.

We will look at:

  • What is the point of GDPR and the DPA 2018
  • Common misconceptions
  • The 1998 Act and its toxic legacy for business
  • The GDPR and its effects on business value

Speaker Biographies

Ian Sinclair-Ford, After 10 years in the Capital Bank plc (now part of Lloyds Group) legal team, Ian became Company Solicitor and Secretary to the Alliance & Leicester Commercial Finance plc group, and then the Data Protection Officer as well. He also served as a member of the Finance & Leasing Association Legal committee for most of that time reviewing issues of industry wide effect.

More recently he has advised global corporations on their UK, Pan European and Global data privacy strategies, a part of the UK Government with global presence, a global healthcare corporation, finance companies and hotel chains amongst others.