A&L and Arthur Cox act on Ryanair’s Aer Lingus bid

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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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Herbert Smith’s German ally shuts in Central Europe

Herbert Smith ally Gleiss Lutz has pulled out of the Czech Republic and Poland, with Austrian firm Schoenherr taking over its offices. Schoenherr will take over Gleiss Lutz’s Prague and Warsaw offices in the new year while simultaneously launching its own office in Bratislava. Gleiss Lutz opened its Prague and Warsaw offices in 1992 and […]

Transatlantic litigation: In hot dispute

UK litigators at US firms are overwhelmed with credit crunch-related disputes, but do any of them have a truly transatlantic practice? When I meet Cadwalader Wickersham & Taft partner Tom O’Riordan it is two days since Iceland made its dramatic contribution to the global financial crisis, and O’Riordan has been up all night counselling clients […]

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Berryman lays off 12; Berrymans hiring 12

Nottingham firm Berryman has made several redundancies. It is understood that 12 have lost their jobs in total, although the firm has not yet confirmed specific numbers. Chairman Richard Brackenbury said: “The pressures on businesses throughout the UK caused by the current economic downturn are obvious. For any business, the basic task is keeping profit […]

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Tulkinghorn: A bum note, no Cannes do and too latte for regrets

Tulkinghorn’s lip curtains are twitching. It must be the end of Movember, the month in which his scribes grew moustaches to raise money for prostate cancer. It’s been a long, arduous slog but the results speak for themselves. ­Tulkinghorn doffs his cap in the direction of those who supported his moustache-growing freaks. Bum note Well, […]

Cleary, Dewey, Milbank cut associate bonuses

Cleary Gottlieb Steen & Hamilton, Dewey & LeBoeuf and Milbank Tweed Hadley & McCloy have matched the new market rate for year-end associate bonuses. Both firms will pay associates bonuses ranging from $17,500 for the class of 2008 and up to $32,500 for the class of 2000. Milbank and Cleary have matched the precedent set […]

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