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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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United Kingdom Privy Council to hear Madoff feeder fund appeal

In September 2011, the British Virgin Islands (BVI) Commercial Court held that investors in Fairfield Sentry Limited (in liquidation) (Sentry), a feeder fund for Bernard L Madoff Investment Securities Limited (BLMIS), could not be forced to repay money received from the redemption of their shares in Sentry prior to its liquidation… If you are registered […]

Ince & Co appoints new partner to boost its shipping, energy and offshore efforts in UAE

Ince & Co has announced that it has bolstered its Dubai office with the appointment of Rania Tadros as a partner. Tadros, who moves from the firm’s London office, strengthens Ince’s shipping and energy and offshore capabilities in the United Arab Emirates. A fluent Arabic speaker, Tadros has extensive commercial transactional, arbitration and litigation experience within the […]

Moscow

Dacheng goes back to Red Square one

Why Dacheng’s Moscow link may not bring home the cabbage for the Chinese giant Moscow is one of the most overcrowded legal markets in the world, with law firms from many countries all fighting for a chunk of Russia’s wealth. The dominant players since the fall of Communism have mainly been UK and US outfits, […]

futurology

2018: The voices of private practice management

From rapid consolidation to the rise of the alternative business structures, here leading managing partners set out their vision for the future. David Stewart, CEO, Olswang Consolidation will accelerate.  The strong growth in emerging markets, and in particular the China and Asia Pacific markets, will drive a need for greater scale and globally integrated client […]

Allen & Overy advises IC Hotels UK Pension Trust Ltd on bulk annuity policy purchase

Allen & Overy has advised the trustees of Intercontinental Hotels Group’s pension scheme on its purchase of a £440m bulk annuity policy with Rothesay Life. The bulk annuity policy insures the defined-benefit benefits of the pension scheme. Däna Burstow, pensions partner at Allen & Overy, worked on the deal with support from senior associate Jane […]

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