Clifford Chance pulls out of Vietnam

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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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Corporate

Bank of Scotland offers £214m for Irish-based ICC Bank. Bank of Scotland advised by Credit Suisse Frist Boston (CSFB), Herbert Smith (David Paterson) and A&L Goodbody (James Dudley). ICC Bank represented by HSBC Investment Bank, ABN Amro, Norton Rose (Raj Karia) and Matheson Ormsby Prentice (Tim Scanlon).

Lovells starts Dutch recruitment drive

Lovells has already announced its first Amsterdam lateral hire following its vote to merge with Dutch firm Ekelmans Den Hollander. Partners at both firms voted on 8 December to combine the practices and have taken on intellectual property (IP) specialist Marc Wallheimer, a partner at Trenité van Doorne, which split its Rotterdam and Amsterdam offices […]

Coudert moves senior partner for IT focus

Coudert Scharmann, Coudert Brothers’ German office, has relocated a senior partner to Munich. Wolfgang Althaus, who is one of three managing partners in Frankfurt, will join partner Federico Pappalardo and five associates in the Munich office. The move is reflective of the growing importance of intellectual property and IT, as Munich is the country’s technolo […]

Cozens beefs up City insurance capability

Philadelphia firm Cozen and O’Connor is hiring its first two UK-qualified insurance partners to boost its fledgling London office. Hermes Marangos is joining from niche City shipping and insurance firm Elborne Mitchell, where he was a partner advising insurance and reinsurance clients in international arbitration and litigation. Matthew Cordeux is arriving as a junior partner […]

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