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Latest Briefings

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.

Report of the Independent Review of the FOS is published

By Richard Hayllar On the 12 July 2018, the Financial Ombudsman Service (the FOS) published a report on an Independent Review carried out by Richard Lloyd (former Which? executive). The review was undertaken following the broadcast of the Channel 4 Dispatches programme which set out a number of concerns about the handling of FOS complaints.

Efficient arbitration, part 2: Launching an Efficient Arbitration

Kicking off our series on efficiency in arbitration, our first article, Efficient Arbitration – Part 1: Metrics sets out our idea of an efficient arbitration: Achieving the best possible outcome with the least amount of resources. A range of tools are available to focus the spending of resources. Resources should be invested, not wasted. The selection of […]

Efficient arbitration, part 1: Metrics

This is the first in a series of articles by Schoenherr focusing on efficiency in arbitration. In our series, we will explore various tools which serve to improve the efficiency of any given arbitration and so achieve a favourable outcome without wasting resources. But before exploring those tools we need to determine what efficient arbitration […]

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Camerons sets up HK banking team

CMS Cameron McKenna has launched a Hong Kong banking practice, 20 years after arriving in the region. Following the 1997 Asian “meltdown”, local banks limited lending to mortgages. Now the economy is improving, this is changing. The practice will start as an extension to the firm’s corporate recovery department, taking advantage of the upturn in […]

Slaughters hikes pay to avoid assistant exodus

Slaughter and May is set to introduce its highest salary increases to date in a bid to stop assistant departures and in recompense for an increasing workload. It is understood that the firm is proposing to introduce pay increases of up to 15 per cent for assistants, compared with an average of five per cent […]

Child development

The Human Rights Act 1998 The Human Rights Act 1998, which came into force on 2 October this year, incorporates into domestic law the rights set out in the European Convention on Human Rights (ECHR). Of particular significance to family lawyers are the convention rights in Article 6 of the right to a fair hearing, […]

Lovells team wins £70m for Abbey National in £460m leaseback deal

Lovells’ property team has steered Abbey National to a £70m profit in the first-ever sale and leaseback deal for a UK bank, worth around £460m. Abbey National has sold its branch network and offices and agreed a 20-year contract to occupy them on a flexible basis. The preferred bidder was Mapeley Columbus, backed by Soros […]

Two depart Halliwells in a fortnight

Manchester firm Halliwell Landau is losing its second corporate partner in as many weeks. Patrick Rawnsley, who has been with the firm for three and a half years, is moving for personal reasons, although he has not set a start date for for his new position at Eversheds‘ Leeds office. His decision to leave follows […]

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