Freshfields set for December tribunal

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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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It’s time to wield a pen over the British constitution

What lawyer would willingly enter into an agreement of any complexity that was not written down? So what is different about the web of rights and obligations that we inherit as citizens of the UK and subjects of the Crown? Yet, in defiance of almost every other country in the world except New Zealand, the […]

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FSA plunders City to boost enforcement division

The Financial Services Authority (FSA) is beefing up its enforcement capability as it moves towards a principles-based regulatory regime. Despite the fact that around 30 per cent of the City watchdog’s existing workforce will have left by the end of this year, the FSA has already recruited seven managers and 17 technical specialists with the […]

Swiss court refuses Russian bid for Yukos assets

The lawyers for beleaguered Russian oil company Yukos were given a boon yesterday by Switzerland’s highest court, which denied a request by the Russian Federation to access key bank documents. In a press conference today, Yukos’ litigator Bob Amsterdam of Amsterdam & Peroff claimed the decision by the federal court was one that considered “the […]

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