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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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Speechly Bircham wins MFI administration mandate

Troubled furniture chain MFI has gone into administration, despite a last-ditch rescue attempt by its management, with Speechly Bircham getting the call from administrators MCR. Speechly Bircham private equity partner Andrew Clarke has been advising the MFI management throughout the crisis. Last month the company’s private equity owners, Merchant Equity Partner sold the business back […]

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Mayer Brown, Wachtell lead in Chevy Chase sale

Latham & Watkins, Mayer Brown and Wachtell Lipton Rosen & Katz have snared key roles advising on US bank Capital One’s acquisition of Chevy Chase Bank. Partner Ed Herlihy led a team from Wachtell advising Capital One on the $520m acquisition, while Mayer Brown partners Jim Carlson and Scott Anenberg advised Chevy Chase. Latham partner […]

Central Europe Special Report: Close courters

As international firms turn their attention to Asia and the Middle East, their Viennese counterparts have increased their efforts in Central and Eastern Europe. By Chris Crowe Under the heavy gloom of the global financial crisis, the Austrian legal elite have stayed resolute. Despite the economic malaise, Austria’s legal market remains intent on furthering its […]

Accusations stall Lincolnshire hire

The appointment of a new legal chief for Lincolnshire County Council’s pioneering in-house practice has been thrown into doubt by allegations from a former colleague. Northamptonshire County Council legal head Chris Whittington was due to take the top job at Lincolnshire Shared Legal Services, which will be run as a ­standalone practice from early next […]

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RJW: Hiring?

It is refreshing to learn that while many firms are wielding the big redundancy axe, there are still firms that are trying to buck the trend and anticipate measured growth during the recession. Russell Jones & Walker is one of them. RJW had its own slump in 2002, when it made 40 redundancies and shut […]

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