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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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In brief: Ex-Clydes accountant faces fraud charges

The former chief accountant of City firm Clyde & Co has appeared in court charged with defrauding the firm’s partners of £600,000. Peter Penrose, who worked for Clydes for four years, recently appeared before the City of London Magistrates.

Allen & Overy

In May 1994, I was not entirely optimistic about the year ahead. The last quarter of this firm’s 1993/94 year saw us quieter in business terms than we had been for some time – the decline of our reconstruction and insolvency work seemed to herald the end of the recession, but it wasn’t matched by […]

Barristers' action stirs US death row debate

TWO human rights barristers believe they may be on the verge of forcing an end to the “inhumane” US system that allows prisoners to languish on death row pending execution. Philip Sapsford QC and David Marshall fly out to the US this week in the wake of a Supreme Court order for the “death row […]

ASIM day sets out investment regulations

THE Association of Investment Managers held a ‘Meet the Law Society’ day last month, attended by key society figures, to discuss investment business regulations. Among the 50 ASIM members attending, Andrew Curtis of Somerset firm Clarke Willmott & Clarke welcomed the opportunity to discuss the issues. “I come from a financial background and the society’s […]

Training and sticky labels

The fierce competition for training places generates a vicious circle whereby LPC students, such as myself, cannot feel safe writing just to those firms we would like to join, for fear our applications may fail to stand out among the 800 – 1,500 others that an advertiser may receive. So as ‘insurance’ we feel obliged […]

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