Cleary advises on Dixons-Wanadoo bond exchange

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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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The Leader column

Contingency fees are coming, and given the continuing problems with conditional fee arrangements (CFAs), it is surely about time they did. The Government has clearly got itself into a bit of a mess on this one, with almost every quarter distinctly unhappy at the operation of CFAs. Put simply, it is bad practice. The defendant […]

Don't worry, be happy

Last year’s Industrial Society research entitled “Maximising Attendance” revealed that sickness absence costs the UK economy £13bn annually. It is surprising, therefore, that only 28 per cent of organisations claim to record all absences, and that there still seems to be a belief that nothing can be done to improve the situation. Companies that have […]

Laying the blame

The news that the Lord Chancellor was to finally part company with the “no fault” divorce in January was as inevitable as the arrival of a decree absolute through the letter box. It was also met with the same wildly divergent responses by the parties involved. As far as the anti-divorce lobby was concerned this […]

Blandys hires head of property

Reading firm Blandy & Blandy has recruited a new head of commercial property to take over from Kate Taylor, who is stepping down to become a full-time consultant. Jane Gunnell joins as a partner at the end of April from Reading-based commercial firm Clarks. Gunnell, who is expected to bring clients with her, has strong […]

Vivendi appoints ten firms to its UK panel

After a five-month review, both regional and City firms win places French utilities and media giant Vivendi has appointed 10 firms to its UK panel following a five-month review. A range of City and regional players have won places. They are Allen & Overy (A&O), Beachcroft Wansbroughs, Boyes Turner & Burrows, Brodies, Burness, Macfarlanes, Pinsent […]

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