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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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Farrers’ turnover sees 10 per cent increase

Lincoln’s Inn firm Farrer & Co has posted a revenue of £46.7m for the last financial year, an increase of 9.6 per cent from £42.6m in 2010. The firm is also expecting a marginal increase in net profit, from £10m to £10.6m, a rise of 6 per cent. This represents a drop in the profit margin from 24 […]

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Simmons confirms hire of five-partner BLP team

Simmons & Simmons has confirmed that it has hired a five-partner finance team from Berwin Leighton Paisner (BLP). Simmons today announced that Richard Hughes, Simon Kildahl and former BLP managing partner Bob Jones will be joining John Hayward and Mark Waghorn, whose departures were revealed earlier this week (24 May 2011), at the firm. All […]

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SullCrom raids Simmons for white-collar crime star

Sullivan & Cromwell has recruited Simmons & Simmons partner Louise Delahunty in a coup for its white-collar crime practice. Delahunty joins the US firm’s London office in June as a European counsel in the criminal defence and investigations group. Until now the bulk of Sullivan’s lawyers focusing on this area have been based in the […]

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Trowers exits Jeddah after less than a year

Trowers & Hamlins has closed its office in Jeddah less than a year after opening in the Saudi Arabian city. A spokesperson at the firm confirmed the closure and said head of the Jeddah office Julien Sweeting had returned to London. Trowers has prided itself on a strong presence in the Middle East for more […]

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Focus: Linklaters and Gianni, Friendly fire

Linklaters’ battle with former Italian ally Gianni over the Credit Suisse-Parmalat negligence action highlights the dangers inherent in referring instructions When, in October 2001, Linklaters capital markets partner Simon Firth sent an email to Bruno Bartocci, then a London-based partner at Gianni Origoni Grippo & Partners, he could hardly have known he was setting the ball […]

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