Cobbetts public sector first scoops councils quartet

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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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£7m annual cost burden of Supreme Court

The proposed Supreme Court could cost as much as £7m per year to run, it was revealed this morning (November 16). Giving evidence to the Commons Constitutional Affairs Committee, the Lord Chancellor, Lord Falconer of Thoroton, said the current estimate for running and maintaining the UK’s top court is around £7m. The cost of maintaining […]

CAT legal chief urges pre-emption reform

Cambridge Antibody Technology’s (CAT) general counsel has welcomed a Government-commissioned document on whether the UK’s existing rules on pre-emption rights hinder certain public companies. The report, which was prepared by Marks & Spencer chairman Paul Myners and published on 3 November, concluded that pre-emption rights are critical to the relationship between shareholders. But he questioned […]

Finance deals round-up

Clifford Chance advised MBNA Europe Bank in structuring and executing the first reverse enquiry-driven trade through a newly-established delinked securitisation platform. The issue was a single class of £250m ‘Class A’ floating rate notes. Securitisation partner Debashis Dey led the team, which included assistant Martin Wong and tax partners Stephen Shea and Etienne Wong. Sidley […]

LeBoeuf gets fourth partner in a year with IP hire

LeBoeuf Lamb Greene & MacRae has scooped an IP partner from Hammonds. Head of Hammonds’ biotech/life sciences practices, Marija Danilunas is dual-qualified as a Canadian barrister and a solicitor in England. She left Hammonds in September and becomes the fourth partner lateral this year to arrive at LeBoeuf’s London office. First revealed on www.thelawyer.com 10 […]

Separated at birth

Where to start? Four more years? The ‘war on terror’? Potatoes? As The Lawyer reported last week, “tucked away in the heart of London’s insurance hub is a niche firm with a global reach”. On the same day as that description of Robin Simon was published, the US head honcho was being returned to office […]

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