Browne: costs pose threat to legal representation

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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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Tulkinghorn: world parties, free books and not-so-cheap thrills

Allen & Overy (A&O) New York is having a frugal ­festive season this year. Not-so-cheap thrills Any client is a good client in a downturn, even if it is a group of German pornographers. News reaches Tulkinghorn about Davenport Lyons advising DigiProtect, a company that owns the rights to several blue movies, on copyright issues. […]

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Kimbells puts some staff on four-day week

Milton Keynes firm ­Kimbells has told lawyers in three of its departments to move to a four-day week, putting trainees at risk of missing qualification dates. One trainee is understood to have contacted the Solicitors Regulation Authority and was told that working part-time could mean they would not qualify within the usual two-year period. Kimbells […]

Weil, Clifford Chance act in AIG Private Bank sale

Weil Gostshal & Manges and Clifford Chance have snared lead roles advising on the sale of AIG Private Bank to Abu Dhabi investment group Aabar Investments PSJC. Weil Gotshal London corporate partner Peter King led a team with New York partner Richard Ginsburg advising global client AIG on its sale to Aabar. A team from […]

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Layoffs, infighting and record PEPs: The Lawyer’s first year in New York

When The Lawyer launched in New York in October 2007, we had no idea what an era-defining year it would prove to be on Wall Street. 4 August, and a significant drop in profit, served to foment a revolutionary atmosphere among the partnership. The full extent of the bitter infighting was revealed by The Lawyer on 17 […]

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