Herbies, McGrigors advise on Cairn’s India expansion

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Latest Briefings

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.

Report of the Independent Review of the FOS is published

By Richard Hayllar On the 12 July 2018, the Financial Ombudsman Service (the FOS) published a report on an Independent Review carried out by Richard Lloyd (former Which? executive). The review was undertaken following the broadcast of the Channel 4 Dispatches programme which set out a number of concerns about the handling of FOS complaints.

Efficient arbitration, part 2: Launching an Efficient Arbitration

Kicking off our series on efficiency in arbitration, our first article, Efficient Arbitration – Part 1: Metrics sets out our idea of an efficient arbitration: Achieving the best possible outcome with the least amount of resources. A range of tools are available to focus the spending of resources. Resources should be invested, not wasted. The selection of […]

Efficient arbitration, part 1: Metrics

This is the first in a series of articles by Schoenherr focusing on efficiency in arbitration. In our series, we will explore various tools which serve to improve the efficiency of any given arbitration and so achieve a favourable outcome without wasting resources. But before exploring those tools we need to determine what efficient arbitration […]

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Hammonds swoops on EDF for partner hire

Hammonds has strengthened its energy and utilities group with the hire of EDF Energy in-house lawyer Adam Langridge who will join the London-based team as a partner later this month. Langridge was principal solicitor at EDF Energy’s in-house team advising on energy corporate and commercial matters. His start date has not yet been finalised, although […]

Stearns secures record fees on ExxonMobil case

Miami-based law firm Stearns Weaver Miller Weissler Alhadeff & Sitterson’s dreams came true earlier this month when a Miami federal judge awarded it $249m (£135.21m) in fees. The ruling, one of the largest fee awards on record in the US, follows Stearns’ successful representation of 11,000 petrol station owners in a $1.1bn (£597.32m) class action […]

Law Society seeks answers over Russia’s persecution of lawyers

Russia has changed dramatically since the days of the Soviet Union. However, some areas have made little progress, and among them is the rule of law. Although sensitive to criticism on the issue, the Russian establishment does not take kindly to those who seek to limit its power, and recent years have seen the disappearance […]

Watson Farley targets improved leverage ratio

Top 50 firm Watson Farley & Williams is aiming to increase dramatically its leverage ratio in a bid to boost its profitability. The 59-partner firm, which had a relatively low leverage ratio of 1.9 in 2004-05, has deliberately increased its lawyer numbers at a greater rate than it is growing its partnership. Managing partner Michael […]

Sidley pursues City insurance practice

Sidley Austin has redoubled its efforts to push into the London insurance market by bringing over two senior lawyers from its US practice following the hire of a DLA Piper Rudnick Gray Cary team for its insurance launch. James Stinson, co-chair of the firm’s insurance and financial services group, joined the London office in May […]

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