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Latest Briefings

India: The age of telephony has arrived

On 19 June 2018, the Department of Telecommunications, Government of India (DoT) finally provided its nod to several key recommendations (Recommendations) made by the Telecom Regulatory Authority of India (TRAI) on the Regulatory Framework for Internet Telephony in October 2017. DoT has released a clarification (Clarification) and certain amendments to existing licenses (Amendment), both of […]

Claims management companies: The new regulatory regime

Walker Morris Banking Litigation partners Louise Power and Rob Aberdein explain the new regulatory regime and the Financial Conduct Authority’s proposals for changes to the regulation of claims management companies across England, Wales and Scotland…

Adjudication Matters – July 2018

The Courts have re-affirmed that, despite a contract containing an express right of set-off, it is only in exceptional circumstances that a party will be entitled to set-off another claim against an Adjudicator’s award. This case serves as a helpful reminder that a right to set-off is unlikely to apply to an Adjudicator’s decision. The […]

Two EU regulations on UCITS/AIFMD asset segregation requirements for depositaries upon delegation

On 12 July 2018, the European Commission adopted two delegated regulations supplementing the Alternative Investment Fund Managers Directive (AIFMD) and the Undertaking for Collective Investment in Transferable Securities Directive (UCITS) on the safekeeping of assets by depositaries and their delegates. Their main purpose is to eliminate discrepancies among different national regulations. The following aspects will […]

Sleeping time is not working time says Court of Appeal

By Siobhan Fitzgerald The social care sector is breathing a sigh of relief after the Court of Appeal in Royal Mencap Society v Tomlinson-Blake reversed previous cases and decided that only time spent awake and working should be counted as working time for the purposes of calculating the national minimum wage.

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Shearmans continues Euro drive with new Munich office

New York-based law firm Shearman & Sterling is continuing its expansion in Germany as it announces plans to open in Munich. It is expected that the new office, which will open in May or June, will initially be managed by Frankfurt and Düsseldorf managing partner Georg Thoma. Recruitment is already underway and a number of […]

baker almond

Etam’s claims against surveyor Baker Alm-ond hark back to the spate of negligence claims brought by lenders after the collapse of the 1980s boom. Time bars should have meant those days were long gone, but Etam argued that it had only discovered problems concerning stores bought in Truro in 1985 and Barnstaple in 1986, much […]

Home comforts

Margaret Garner’s legal department at Credit Agricole Indosuez chooses to keep much of its work in-house, but it demands the best attention and value for money from those firms that it does use. Mary Murphy investigates Banque Indosuez was taken over by Caisse Nationale du Crédit Agricole in 1997 as its international banking and investment […]

Luvvies strike poses problems for film finance lawyers as union flexes muscles

A predicted bonanza for film finance lawyers hangs in the balance as an actors strike in the US threatens to spread to Europe. New guidelines for the potential Screen Actors Guild (SAG) strike pose a serious threat to film finance lawyers, who were expecting to benefit from a temporary shutdown in Hollywood. SAG is ordering […]

Eurotunnel instructs Herbert Smith for debt repackaging

Herbert Smith has rekindled its relationship with Eurotunnel, acting for the longstanding client on a massive debt repackaging. The firm, which has not closed a major deal for the client for about a year, worked alongside four other City practices to complete the innovative £1bn repackaging programme. The cast on the deal included teams from […]

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