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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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AIM practices suffer as stock market gets case of the jitters

Recent market uncertainty means law firms are likely to suffer a dip in their previously booming alternative investment market (AIM) practices. Lawyers have warned that they are already seeing a downturn in instructions as nervousness in the stock market forces companies to postpone or axe their flotation or share sale plans. Several companies have already […]

Nottingham Law School launches in London

Nottingham Law School (NLS) has teamed up with global education services firm Kaplan to launch a branch in London. NLS, which is run by Nottingham Trent Univerisity has signed a partnership agreement with Kaplan to open law school in Islington, north London next year. The law school is hoping to offer LPC and GDL places […]

New Bank of Italy governor clears the way for M&A activity in banking sector

The new governor of the Bank of Italy has signalled his intention to open up the Italian banking market to merger activity, after transferring the bank’s merger veto to the Italian antitrust authorities. Governor Mario Draghi announced the move at the first annual meeting of the Bank of Italy since he assumed the governorship five […]

Gianni overhauls governance and management

Gianni Origoni Grippo & Partners has revolutionised its internal structure, handing 14 partners management roles and setting up new governance committees. The decision to change the original partnership agreement was approved at the partners meeting held on 13 June. Previously Gianni Origoni only had a five partner executive committee, but has now set up a […]

EU lobbies Uzbekistan for investigation into Andizhan massacre

In May 2005, unrest in Uzbekistan came to a head when armed men are said to have attacked a number of military barracks and government buildings in Andizhan. The men broke into the city’s prison to free hundreds of prisoners. They later occupied a government building on the city square after taking hostages. At first […]

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