Canary Wharf's u2.6bn bonanza for City firms

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Latest Briefings

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.

Report of the Independent Review of the FOS is published

By Richard Hayllar On the 12 July 2018, the Financial Ombudsman Service (the FOS) published a report on an Independent Review carried out by Richard Lloyd (former Which? executive). The review was undertaken following the broadcast of the Channel 4 Dispatches programme which set out a number of concerns about the handling of FOS complaints.

Efficient arbitration, part 2: Launching an Efficient Arbitration

Kicking off our series on efficiency in arbitration, our first article, Efficient Arbitration – Part 1: Metrics sets out our idea of an efficient arbitration: Achieving the best possible outcome with the least amount of resources. A range of tools are available to focus the spending of resources. Resources should be invested, not wasted. The selection of […]

Efficient arbitration, part 1: Metrics

This is the first in a series of articles by Schoenherr focusing on efficiency in arbitration. In our series, we will explore various tools which serve to improve the efficiency of any given arbitration and so achieve a favourable outcome without wasting resources. But before exploring those tools we need to determine what efficient arbitration […]

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Streamlining trend takes over City

DAVIES Arnold Coopers’ decision to axe its Manchester corporate practice is the latest in a series of hard-headed measures by firms looking to streamline and concentrate on their core practice areas. Last week Simmons & Simmons announced it was relocating its entire seven-strong immigration team to Kingsley Napley – in an amicable arrangement, having decided […]

RMC Group

The management at UK building company RMC Group must be glad that 1998 isbehind them. Last year began with a profit warning due to difficult trading conditionsin Germany, where one of the group’s largest operations is based. RMC began to whittle down its operations to focus on its core function as a heavy building materials […]

What went wrong in Russia?

Lawyers in Moscow can do little to make up the huge losses suffered by their clients, as Russia’s economic collapse looks set to go down in history as causing the largest single credit loss to the banking community – $100bn, according to London-based rating company Fitch IBCA. Last September, Credit Suisse First Boston (CSFB) announced […]

Deutsche Bank hands Bankers Trust legal chief top UK post

Bankers Trust head of legal Simon Dodds is to become the UK head of legal when Deutsche Bank and Bankers Trust merge. The appointment follows the departure of Peter Brooks, the former global general counsel at Deutsche Bank. Dodds will be responsible for all UK legal matters in the proposed super bank. His appointment is […]

CPS boss faces race discrimination case

A SENIOR Crown Prosecution Service (CPS) lawyer has been reported to the Law Society over allegations that he breached the Race Relations Act. Stephen O’Doherty, assistant chief crown prosecutor for the London CPS, is accused of breaching the Solicitors’ Anti-Discrimination Rule 1995. The complaint, which was made by Neeta Amin, a CPS prosecutor, has been […]

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