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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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Technology the only star on display at lustreless Midem

The behemoth music industry bash threatens to metamorphose into a white elephant. By Matt Byrne Another week, another music partner goes solo. Last week it was Davenport Lyons’ James Ware’s turn to leave. An industry stalwart for years, and a partner at the firm for almost 20 years, Ware is setting up his own music […]

Broadband is a boost for online recruitment

The increased use of broadband as a connection method amongst UK internet users will provide a boost for employers wishing to take advantage of the internet as a recruitment tool. OfCom figures show that broadband now accounts for approximately one third of all domestic internet connections. The figures also show that 7.5% of the UK […]

CC in financial U-turn as it dumps $150m placement

Magic circle firm rejects borrowing experiment out of hand; balance sheet benefits to tune of millions Clifford Chance has dramatically abandoned its financial strategy of the last three years and redeemed its entire $150m (£79.6m) private placement in order to return to a more conventional borrowing policy. The move, initiated by chief operating officer David […]

Four firms land work on Palmer real estate funds

Property venture capital company Palmer Capital Partners (PCP) has appointed a raft of real estate finance lawyers from four firms to advise on investments under its new real estate investment funds. Real estate finance specialists from Berwin Leighton Paisner (BLP), Forsters, South East firm IBB and Wragge & Co have been added to PCP’s panel […]

Ex-Brobeck partners hit with $275m legal action

Ronald Greenspan, the trustee of Brobeck Phleger & Harrison’s bankruptcy estate, has issued a barrage of law suits against former partners, including ex-chairman Tower Snow, in a bid to recover some $275m (£146.3m) in distributions and bonuses. Greenspan, through his law firm Hennigan Bennett & Dorman, has filed suits against more than 220 partners, seeking […]

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