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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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DLA Piper, Maclays, Weil bag Morgan wind-up roles

DLA Piper Rudnick Gray Cary, Maclay Murray & Spens and Weil Gotshal & Manges have all secured instructions on the administration of fashion chain Morgan. The UK arm of the clothing retailer was put into administration at the end of June, with all 47 department stores and 19 standalone stores being closed with the loss […]

White & Case wins Ashurst star

White & Case has poached M&A and corporate finance specialist Philip Broke from Ashurst as the US firm’s new co-head of the London corporate practice. Broke joins the New York-based firm as a partner and co-head of UK corporate alongside London senior partner Peter Finlay, focusing on M&A and corporate finance transactions involving investment banks, […]

Ntl reviews roster after Telewest tie

Ntl had a major shake-up of its legal advisers following its merger with Telewest, with Fried Frank Harris Shriver & Jacobsen appointed as primary legal adviser. Travers Smith had been ntl’s longstanding counsel and will remain as a secondary adviser, along with Ashurst, Charles Russell, Simmons & Simmons and Wiggin.

Carter report heralds legal consolidation

Lord Carter of Coles has predicted massive consolidation for law firms and “the end of the £1m-a-year criminal defence barrister” in his report on legal aid procurement, unveiled this morning (13 July). Speaking at a press conference to announce the report, Carter said its recommendations would reform the legal aid market and save £100m a […]

SJ Berwin’s Germany co-head defects to Hogan

Hogan & Hartson has taken a private equity partner from SJ Berwin’s Munich office to help grow the firm’s international private equity practice. Uwe Steiniger joins Hogan & Hartson on Monday (10 July) after six years at SJ Berwin, where he was joint German managing partner and head of the German funds practice. Hogan & […]

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