Fiction diction

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Latest Briefings

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.

Report of the Independent Review of the FOS is published

By Richard Hayllar On the 12 July 2018, the Financial Ombudsman Service (the FOS) published a report on an Independent Review carried out by Richard Lloyd (former Which? executive). The review was undertaken following the broadcast of the Channel 4 Dispatches programme which set out a number of concerns about the handling of FOS complaints.

Efficient arbitration, part 2: Launching an Efficient Arbitration

Kicking off our series on efficiency in arbitration, our first article, Efficient Arbitration – Part 1: Metrics sets out our idea of an efficient arbitration: Achieving the best possible outcome with the least amount of resources. A range of tools are available to focus the spending of resources. Resources should be invested, not wasted. The selection of […]

Efficient arbitration, part 1: Metrics

This is the first in a series of articles by Schoenherr focusing on efficiency in arbitration. In our series, we will explore various tools which serve to improve the efficiency of any given arbitration and so achieve a favourable outcome without wasting resources. But before exploring those tools we need to determine what efficient arbitration […]

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Anoraky dissident

With the introduction of new employment regulations at the beginning of the month, Tulkinghorn has been inundated with invitations to seminars clarifying the rules for confused clients. One such seminar was held by Lewis Silkin, coinciding with the official opening of its specialist employment office in Oxford. In the luxurious and high-tech surroundings of the […]

Home or away

New UK legislation introduced to catch terrorists has caught three British bankers accused of Enron-related fraud who are now fighting extradition. By Jon Robins It is a somewhat unconventional strategy for defence lawyers to exhort UK prosecuting authorities to investigate the alleged criminal conduct of their own clients. Nonetheless, that is what is happening in […]

EY Law Paris endures more exits

EY Law’s Paris office has been hit with another wave of departures. Corporate finance partners Dominique Gerry and Jerome Gertler left EY for niche international firm Adamas at the beginning of September. They took with them four associates and several paralegals. The news comes just a week after Paris boutique Ginesté Paley-Vincent & Associés scooped […]

Top 20 firms see professional indemnity insurance rates drop

The cost of professional indemnity insurance cover for the top 20 UK law firms dropped by up to 10 per cent this year, according to research for The Lawyer. Both Norton Rose and Denton Wilde Sapte enjoyed 10 per cent drops on their premiums for the primary layer of cover, when renewed at the beginning […]

DLA senior partner failed to record football shirt price-fixing meeting

DLA senior partner Roger Lane-Smith failed to record a meeting in which the chairman of JJB Sports Dave Whelan was found to have rigged the price of football shirts with his competitors, David Hughes of all:sports and Mike Ashley of Sports Soccer. Lane-Smith is a non-executive director of JJB, which was fined £8.37m by the […]

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