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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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Real estate and projects summary

Eversheds (Richard Stephens, Felicity Wooldridge) advised a joint venture set up between the Bank of Scotland and West Coast Capital on the £135m acquisition of five regional shopping centres from Cole Pensions. Andersen Legal (Michael Polson, Caryn Penley, Keith Barnett, Andrew Lewry) advised the Bank of Scotland on its funding of the acquisition. Lovells (Michael […]

Five more hike bonuses to keep up with NY rivals

Five more New York firms have caved in to market pressure and upped end-of-year bonuses Debevoise & Plimpton, Fried Frank Harris Shriver & Jacobson, Milbank Tweed Hadley & McCloy, Paul Weiss Rifkind Wharton & Garrison and Skadden Arps Slate Meagher & Flom have increased associate bonuses, bringing them in line with Wall Street competitors.Skadden Arps […]

DEAL OF THE WEEK: E.ON/Norsk Hydro

Linklaters proves M&A prowess with Norsk deal Linklaters advised Norwegian oil and energy giant Norsk Hydro on its g3.1bn (£1.91bn) acquisition of VAW aluminium from E.ON.Although Norsk Hydro was already a Linklaters client, the instruction was significant because it consolidated Linklaters’ rising status for M&A in Germany.The deal was Norsk Hydro’s largest acquisition and was […]

Solicitor struck off for property plan

A solicitor has been struck off the roll for breaching investment regulations after hundreds of investors placed up to £250,000 each in a property investment scheme he set up

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