Canadian firm to be pioneer in Venezuela

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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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Managers go back to school

Imagine sole practitioners sitting down with the managing partners of huge city firms, each learning something from the other. This is the future of legal education, if the students who have just finished the UK’s first ever MBA course for lawyers are to be believed. Nottingham Law School, from where the 33 MBA students graduated […]

Immigration office accused of 'hidden agenda' on applications

“KAFKAESQUE” bureaucracy at the immigration department’s public enquiry office (PEO) has led to accusations by leading lawyers in the field of a “hidden agenda” at the Home Office to downsize the office. “Ridiculous” scenes of trainee solicitors and clerks queueing from 1am in the morning to ensure delivery of documentation for foreign businesspeople’s residence and […]

£1m of client money goes missing in stamp duty scam

SEVERAL FIRMS in Ireland have lost about £1m of client money to a major stamp duty counterfeiting scam. Negotiations are currently under way between the Law Society of Ireland and the 20 affected firms’ professional indemnity insurers to decide who should pay the money back to clients. Two firms were particularly hard hit and it […]

Flotations

Woking solicitors Robbins Olivey acted for Surrey-based IS Solutions on its £6.4m share placing and listing on AIM. Martineau Johnson acted for the nominated adviser

Accountants held accountable

London’s exclusive St James’s Club is seeking £138,000 damages from BDO Stoy Hayward. It accuses the accountancy firm of failing to detect thefts by its former deputy manager and is seeking, inter alia, damages for alleged breach of contract and negligence, along with payment of the £122,531 which it says was stolen and a further […]

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