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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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Orrick gains SEC recruit for securities litigation push

Orrick Herrington & Sutcliffe has landed a former lawyer from the US Securities and Exchange Commission (SEC) for its Washington DC office. James Meyers is joining as a securities litigation partner from the SEC where he was assistant chief litigation counsel in the division of enforcement. Meyers’ appointment is one step in Orrick’s ambitious stance […]

Vinson opens in Tokyo while closing Singapore

Vinson & Elkins has opened a new office in Tokyo and closed its Singapore branch. Tokyo will assist US clients investing in Japan. The Chinese practice has also forged a consulting relationship with its former administrative partner Handel Lee, who will become chairman of China’s King & Wood on 18 October. First revealed on www.thelawyer.com […]

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House rules

What happens when a bankrupt’s house has negative equity? This year’s changes to the Insolvency Act provide the answer. Adrian Hyde reports This year saw the first major revision of the personal insolvency provisions of the Insolvency Act 1986 come into effect. On 1 April the amendments to the Insolvency Act came into effect through […]

Stephensons boosts corporate team to eleven

Stephenson Harwood has reappointed former corporate finance partner Peter Bradley, bolstering the London corporate team to 11. Bradley left in December 2000 to join KLegal (now McGrigors), which he left in March when the firm restructured its London corporate team.

FSA’s tough line forces Invesco legal shake-up

SEC fine and UK regulatory burden spark massive investment in legal function Asset management company Invesco UK is to double its in-house legal expertise following the $450m (£249.5m) fine imposed on its parent company Amvescap by the Securities and Exchange Commission for improper trading. The revelation coincides with claims that the wider UK financial services industry is […]

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