City’s finest brought in for bank test case

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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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Work Life Quiz: Mike Pullen, DLA Piper

What was your first-ever job?Working on the waltzers at my parents’ travelling fair when I was 12. What was your worst experience as a trainee?Spending an afternoon serving writs on the majority of the cast members of a BBC series. Where’s the best place to go if you want to find out what’s really going […]

US firms beat UK rivals on salaries

A newly qualified solicitor (NQ) at a New York firm in London can earn almost 50 per cent more than a salaried partner at a West End firm, recruitment consultant Laurence Simons has revealed. In its latest salary survey Laurence Simons states that a London NQ at a New York firm can command a salary […]

LG boosts India experience with Patni deal

LG has secured the lead advisory role for Indian IT firm Patni Computer Systems’ acquisition of Europe-based Logan Orviss International (LOI), marking LG’s sixth major advisory role on an Indian M&A. LG, which has also advised on five AIM listings by Indian companies, appointed a team of five lawyers to work on the cross-jurisdictional deal, […]

Legal profession most stressful in City: The Priory

The law is one of the most stressful professions in the City and clients are largely to blame, according to Marco Martinez, business development director of corporate services at The Priory. Reflecting on his experience as a banker, Martinez said the legal profession was arguably more stressful. “It wouldn’t be uncommon for us to be […]

Library bards

August beckons, and Tulkinghorn is considering his summer reading. As he wandered through the library at Tulkinghorn Towers, his eye chanced upon volumes by the following writers: •Kester Cunningham John: evangelistic author of the interwar years, who converted to an extreme form of Catholicism. bull;Herbert Smith: late Victorian realist, heavily influenced by Émile Zola and […]

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