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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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In brief: Leeds firm takes on Eversheds team

Insolvency lawyer David Hinchliffe joined Leeds commercial firm Walker Morris as a partner this month. Hinchliffe, formerly a senior solicitor at Eversheds in Leeds, is joined by his assistant John Roche and secretary Sharon Dawson. Philip Mudd, head of banking and insolvency at Walker Morris, said: “Our banking and insolvency group, with four existing partners […]

Third time lucky, Secretaries' groups pull off merger

Helen Sage reports The Society of County Secretaries (SOCS) is to merge with the Association of Council Secretaries and Solicitors (ACSeS) to raise the profile of the profession. The 110 county secretaries will join ACSeS on 1 November this year, completing a merger which was abandoned in 1993 and 1994 because of uncertainty over the […]

Litigation Disciplinary Tribunals 25/06/96

Paul William Donovan, 61, admitted 1978, practising at material times as Davies Donovan & Co, Twickenham, struck off and ordered to pay £5,280 costs. Allegations substantiated he used client funds for his own purposes and those of other clients, misappropriated client funds, failed to keep proper accounts. Tribunal told that claims totalling £57,600 so far […]

In brief: City supremo signs up with Field Fisher

Leading City figure Ian Hay Davison has joined Field Fisher Waterhouse this week as a non-executive member of the strategy board. Hailed as the man who built up leading accountancy firm Arthur Andersen, Davison is a former deputy chair and chief executive of Lloyd’s of London and former chair of the Hong Kong Securities Review […]

Nabarros' Sheffield office proves a winner

Corporate finance teams at Nabarro Nathanson’s Sheffield office have clinched three deals since the office was opened by Environment Secretary John Gummer a month ago. Sheffield is the headquarters of the firm’s north of England operations which had previously been centred in Doncaster and Hull. The office, which boasts 220 fee earners and support staff, […]

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