Bonelli hires cement link with Slaughters

Slaughter and May's Italian ally Bonelli Erede Pappalardo is taking on two securitisation partners, giving it a specialist finance capability for the first time.

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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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Linklaters hikes Tokyo with Sullivan lawyer

Linklaters & Alliance has boosted its Tokyo office with the hire of a second US securitisation partner. Mark Hunsaker has left Sullivan & Cromwell to join Linklaters. His arrival comes as a response to an expanding portfolio of US-related capital markets work.The appointment is also the first since Terence Kyle assumed responsibility for developing Linklaters’ […]

The Cancun kid

The charming Keith Oliver, who specialises in business crime, commercial litigation and financial regulation at Peters & Peters, had his work cut out in Cancun. His multifarious talents were put to the test when he was drafted in as a last-minute replacement for firm colleagues Louise Delahunty and Monty Raphael, as well as Kingsley Napley’s […]

Sullivan says assistant bonuses will stand

New York firm Sullivan & Cromwell has taken the unusual step of reassuring the firm’s lawyers that they will still get bonuses later this year. Despite rival Davis Polk & Wardwell telling its lawyers last month not to expect the usual end-of-year payouts (The Lawyer, 15 October), Sullivan chairman Rodgin Cohen has said that assistants […]

Last year Berryman Shacklock lost an office, but turnover remains healthy

Last year Berryman Shacklock lost an office, but turnover remains healthy Nottingham firm Berryman Shacklock has had a busy couple of years. In November 1999, Berryman & Co merged with Shacklocks, creating one of the largest firms in the East Midlands. It then had 17 partners. Just one year later, the Mansfield office of Shacklocks, […]

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