Firms give out New York holiday as Xmas present

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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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Kennedys returns to DLA for fresh pickings

Kennedys returns to DLA for fresh pickings” />DLA Piper’s Birmingham office has been hit by a ­second recruitment assault from insurance heavyweight Kennedys. DLA Piper’s professional indemnity (PI) head Eamon Mooney will lead Kennedys’ PI team in Birmingham and will be joined by partners Robert Welfare, Khalid Mahmood and two legal directors. It comes just […]

Beachcroft’s LLP filing reveals profit drop in 2007-08

Profits at Beachcroft dropped by £4m during the 2007-08 financial year, from £29.3m to £25.1m, as revenue remained static at £114m. According to the firm’s LLP accounts for the period, tangible fixed assets increased in value by £2.6m over the same period. The firm moved into new offices in Bristol in April 2008. Cash at […]

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Channel 4 names new legal head

Channel 4 has promoted Prash Naik to the role of controller of legal, replacing Jan Tomalin, who has left to set up her own firm. Naik will be responsible for all legal and compliance issues at Channel 4, reporting to finance director Anne Bulford. Previously Naik was deputy head of legal. Naik has been with […]

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Leeds’ Lupton Fawcett takes over Fox Hayes

Leeds’ Lupton Fawcett is to acquire the entire commercial and private client business of local rival Fox Hayes, as it seeks to more than triple in size in three years. Lupton Fawcett takes over Fox Hayes” />Leeds firm Lupton Fawcett is to acquire the entire commercial and private client business of local rival Fox Hayes, […]

Camerons puts a halt to non-UK partners

CMS Cameron McKenna has removed non-UK partners from the partnership as part of a radical change to the firm’s equity structure. The ;move ;has ;seen ­overseas partners become salaried ;‘international ­managers’ in a bid to shrink the firm’s tax bill. A firm spokesman said the people affected would remain as partners “in all but name”, […]

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