CC raids Sidley as US drive intensifies

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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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Exchange in drive to double Manchester barristers

Exchange Chambers is gearing up to double the size of its Manchester arm to make it one of the the largest in the North, rivalling St Philips and No5 Chambers. To drive forward the expansion the set has recruited Nick Buckley, chambers director of Manchester-based set Lincoln House, who will work closely with Exchange director […]

David meets Goliath in US base race

As Clifford Chance ramps up its presence on the US East Coast, a Czech firm has stepped in to fill the void on the West Coast. Czech technology, media and telecoms boutique Kines will open its first international office in California’s Silicon Valley next month to make the most of US investment going into Central […]

Lawyer at foot-and-mouth company has no US licence

The general counsel for US animal research company Merial, one of the companies at the heart of the investigation into the foot-and-mouth outbreak in Surrey, has not had an active US legal licence since 2000, it has emerged. Horace Nalle has been general counsel at Merial since 1997, but asked the State Bar of Pennsylvania […]

Firms braced for cost hit of new money laundering regulations

More than half of the UK’s law firms are gearing up for new Money Laundering Regulations, despite the guidelines not yet being finalised, a study has revealed. Two-thirds of law firms have already invested in additional training for staff, despite misgivings about the regulations. The research, conducted by LexisNexis, shows that 52 per cent of […]

Freshfields stands by O’Brien after conflict case

Freshfields Bruckhaus Deringer consultant Barry O’Brien will retain his role as head of corporate finance despite admitting a conflict of interest at the Solicitors Disciplinary Tribunal last week. Co-senior partner Guy Morton told The Lawyer: “When Barry returns from his summer holiday he’ll continue as head of corporate finance with the full support of the […]

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