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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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Labour raps 'arrogance' of Tory snub to Woolf over PFI

A CONSERVATIVE MP dismissed Lord Woolf’s concerns about government plans to hand over the courts’ information technology systems to the private sector “with breath-taking arrogance”, according to the Labour Party. Michael Jack, financial secretary to the Treasury and the Minister responsible, was giving evidence to the Treasury Select Committee’s inquiry into the Government’s project finance […]

Reflecting the right image

Most chambers have pictures on their walls. This is not surprising since each interior is designed as, or has been deli- berately kept to resemble, a 19th century gentleman’s sitting-room. Of these pictures, around half are antique prints in varying stages of decomposition. Some are quite striking, but many need reframing or even restoration. The […]

Ex-Cabinet minister takes partnership at Beachcroft Stanleys

CONSERVATIVE MP David Hunt, who was dropped from the Cabinet after last July’s reshuffle, has become senior partner at City firm Beachcroft Stanleys. Hunt, the only solicitor to serve in the Cabinet since the 1970s, returns to Beachcrofts after five years. He became a partner with Stanley Wasbrough & Co in Bristol in 1970. The […]

Dive into the financial pool

I refer to the letter in The Lawyer 23 January which expresses concern about solicitors becoming involved in giving financial advice (‘Not ready for finance advice’). While I would agree with some of what the writer says with regard to the need for control, experience and expertise, I do feel it is necessary to put […]

Memo sparks Chancery Lane fury

MARTIN Mears has pledged to launch an inquiry into the circumstances surrounding the circulation of a “deeply damaging” internal memo to the press by Chancery Lane staff. The president’s decision to hold a formal investigation confounds the desperate pleas by other Law Society leaders for Mears to call a halt to his public criticism of […]

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