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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.

Recommended

Sidley secures Italian securitisation work

The London office of Sidley Austin Brown & Wood has advised Morgan Stanley Real Estate Fund on a huge k1bn (£622.28m) securitisation in Italy.The firm advised the fund, for which it has acted on a number of deals in the past, on the securitisation of Italian non-performing loans.The team was led by London partner and […]

Howard Kennedy to gain in travel sector slump

Howard Kennedy is set to benefit from the travel sector downturn. It intends to create a two-partner employment department serving mainly travel agent and airline clients. New head of employment Andrea Nicholls has been brought in from Speechley Bircham to develop the firm’s corporate employment practice.Of the new department’s 20-30 freestanding employment clients, Nicholls said […]

Comment

While the downturn in the economy may mean the culling of a growing number of corporate deals, the corporate techniques themselves are being hijacked by companies to deal with debt.I am, of course, referring to outsourcing. Take Dublin-based computer manufacturer Gateway – which has just signed a deal with Dublin-based multinational firm ClientLogic – agreeing […]

Eversheds advises Opus Land on joint venture with GE Capital

Eversheds in Leeds has gained Opus Land as a new client, which is part of Palmer Capital Partners (PCP).A venture capital house, PCP invests and takes a share in property development companies. There are six such companies in the PCP stable, one of which is Opus Land, which has just launched a joint venture with […]

The wonder years

The Human Rights Act has been in force for over a year – but who is monitoring its continuing development? Robin Allen QC argues the case for a national human rights commission From the outset it was recognised that the Human Rights Act would lead to litigation, but its larger social purpose was to introduce […]

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