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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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TPG turns to Cravath for hire of general counsel

Cravath Swaine & Moore corporate partner Ronald Cami has joined private equity house TPG Capital as general counsel. Cami, who has been with the US firm since 1994 and has been a partner since 2001, is the second Cravath partner to leave for an in-house role this year after Julie Sweet became general counsel at […]

Dewey Frankfurt tax team spins out as standalone practice

Dewey & LeBoeuf has lost two of its biggest hitting German partners with its Frankfurt managing partner leaving to launch a tax boutique. Managing partner Hanno Berger is leaving along with banking partner Kai-Uwe Steck on 31 July, taking an eight-strong team with them. The team includes local partners, associates, tax advisors and support staff. […]

Bakers names Brazil chief as global chair

Baker & McKenzie has elected Brazil managing partner Eduardo Leite as its next global chairman. He will take over from incumbent John Conroy when he stands down after the firm’s annual meeting in Chicago in October. Leite served on the firm’s executive committee form 1999 to 2003 and chaired its policy committee in 2005. He […]

Desperately seeking fusion

There really must be something in the water. Just last week Denton Wilde Sapte chief executive Howard Morris, flush with the excitement of his firm’s impending merger with Chicago’s Sonnenschein Nath & Rosenthal, predicted there would be a clamour of firms looking to follow their example. Today we reveal that Mayer Brown, itself the ­product […]

BLP picks two firms for Thames Water work

Ashfords and Pannone have signed a deal with Berwin Leighton Paisner (BLP) to pick up the referral work from the Thames Water outsourcing deal. The regional firms will handle the full spectrum of mid-market and volume work for Thames Water, which recently sent its legal function to BLP in a contract worth £5m per year. […]

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