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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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Cleary Gottlieb Steen & Hamilton

UK 200 Position: 12 UK 200 Position: 12 UK/global turnover: £40.48m/£451.1m Global PEP: £1.14m UK/global RPL: £555,000/£527,000 Cleary Gottlieb Steen & Hamilton’s London office had a standout year, or at least played a key role on a standout transaction when it advised Mittal Steel on its successful ?26.9bn (£18.16bn) acquisition of rival Arcelor. Elsewhere, London […]

New Camerons boss vows to snare US allies

CMS Cameron McKenna’s new managing partner is targeting US firms to bring under the CMS banner when he takes over in May. Camerons may have re­trenched this year to a purely European focus, but Duncan Weston, who is set to succeed Dick Tyler, has pledged to lead the firm through a new phase of aggressive […]

Legance raids Gianni for Italy start-up

Legance has launched in Italy with 17 partners formerly from Gianni Origoni Grippo & Partners, including managing partner Giovanni Nardulli. Legance’s executive committee will include former Gianni executive members Alberto Giampieri, Filippo Troisi and Bruno Bartocci. The firm has offices in Milan and Rome. It follows an internal dispute at Gianni over the culture and […]

Private equity

Private equity has rarely been out of the media spotlight this year, with high-profile take-privates of household names and a Treasury select committee interrogation of the industry’s key players. Private equity has rarely been out of the media spotlight this year, with high-profile take-privates of household names and a Treasury select committee interrogation of the […]

Herbies Dutch ally Stibbe elects new chief

Herbert Smith Dutch alliance firm Stibbe has elected a new managing partner for its Amsterdam office in the shape of corporate partner Heleen Kersten. Kersten, who takes up the role on 1 January, will replace Joost van Lanschot, who has headed the office for the past four years. Van Lanschot said: “I have been in […]

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