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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

King & Wood expands

King & Wood has merged with Hong Kong firm ­Arculli Fong & Ng, ­becoming the first People’s ­Republic of China practice to launch in the former UK dependent ­territory. King & Wood has had an association with Arculli since 2006. International firms ­hoping to practise in Hong Kong are required to work in alliance with a local firm for […]

A case in point

Having undoubtedly proven itself to be one of the world’s pre-eminent financial centres, the British Virgin Islands are a striking benchmark of the global economic downturn. By Andrew Willins The British Virgin Islands (BVI), with Tortola, the largest of the islands, only 12 miles long and three miles across, is scarcely detectable on an atlas. […]

BAA’s new GC to shake up advisers

BAA is poised to carry out a review of its external legal advisers following the recent appointment of Carol Hui as the airport operator’s ­general counsel. Hui said: “I’ll be reviewing BAA advisers. I’m new to the job and need to do whatever’s best for the ­business to ensure it has the advice that’s appropriate […]

People Moves

Reynolds Porter Chamberlain (RPC) has hired three new partners. Jonathan Watmough Move of the week Reynolds Porter Chamberlain (RPC) has hired three new partners: Vivien Tyrell arrives as head of insolvency and restructuring from Edwards Angell Palmer & Dodge, where she was a partner; David Wallis joins the ­corporate group from Dechert, where he was […]

1

McGrigors helps Iraqi government access development funds

McGrigors and Erskine Chambers have helped the Iraqi government recover millions of dollars tied up in a UK trust for nearly 20 years. The $48m (£29.2m) fund was left over from the construction of an oil pipeline in the country that was completed in 1990. But the UK arm of Iraqi bank Rafidain was put […]

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