A&O, Cadwalader face court probe over TXU

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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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The economic downturn stopped merger mania at the Austrian border, but as a gateway to new European Union members, Vienna is looking enticing again. Alex Wade reports

UnumProvident gains new head of legal

Income protection provider UnumProvident has hired Mark Williams, formerly of Skandia Life, as head of legal. He will advise on all legal issues across a range of disciplines and will take over the appeals department.

White & Case repackages Annington

White & Case has completed a bespoke repackaging of Annington Group’s residual bonds, sealing its London relationship with Morgan Stanley and working with Nomura and Royal Bank of Scotland (RBS) for the first time. White & Case London partner Richard Reilly led the deal, which took an illiquid second tranche of Annington Group bonds and […]

Pillsbury Winthrop asks court to halt $45m defamation suit

Pillsbury Winthrop has asked the US courts to stay a $45m (£28.2m) defamation lawsuit brought against it by former partner Frode Jensen over allegations of sexual harrassment A spokesperson for the Standford Superior Court, Connecticut told The Lawyer that a joint request has been made to stay the case pending non-binding mediation. It is thought […]

Wragges property team wins Pearson

Wragge & Co has won international multimedia company Pearson as a new property client Pearson, which typically uses Freshfields and Denton Wilde Sapte for property work, instructed Wragges after the firm successfully competed in a secret tender process. Wragges’ success in the beauty parade was due partly to the firm’s presence in London. Since the […]

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