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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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Sidley draws Ashurst finance partner for real estate group

Sidley Austin Brown & Wood has secured its first London acquisition finance partner with the hire of Ashurst partner Stephen Clark, as the firm continues its lateral hiring spree. Clark, who focuses on real estate finance, counts HSBC as a key client. Sidley hopes the hire (first revealed on www.thelawyer.com, 7 April) will complement its […]

Pulling a fast one

Gulf International Bank’s (GIB) UK head of legal and compliance Dominic Bacon has discovered a rather novel method for picking a nanny involving a process that could easily have been mistaken for speed dating. Bacon and his wife were given three minutes to meet potential nannies. The nannies and couples that matched each others’ requirements […]

Heatons appoints new managing partner

Niche Stoke-on-Trent firm Heatons has appointed corporate finance specialist Matt Fleetwood as its new managing partner, replacing David Beech. Beech quit Heatons last month to join London-based corporate finance investment house Arev. During his time at Heatons, he advised Icelandic investor Baugur on a number of multimillion-pound deals. First revealed on www.thelawyer.com 6 April 2005

Shout to the top

A certain Clifford Chance corporate partner has been the recipient of a particularly critical review under the magic circle firm’s upward appraisal system. One associate anonymously appraising the partner merely wrote: “YOU DON’T NEED TO SHOUT AT US SO LOUD!”

Merged Wilmer puts in solid performance

Wilmer Cutler Pickering Hale and Dorr has posted an average profit per equity partner (PEP) of $870,000 (£463,100) in its first full financial year as a merged firm. The results compare favourably with the average PEP of $780,000 (£415,200) at the pre-merger Wilmer Cutler and $810,000 (£431,200) at Hale and Dorr. Turnover for 2004 was […]

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