Household names up in arms over class action transparency legislation

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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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Sukuk model grows in strength in spite of Islamic compliance doubts

Infighting will always be there, but so will sharia-based business, says James Swift In November 2007 Islamic finance, which until then had been soaring on the back of a bullish economy and a climate of more liberal interpretation, hit its first snag. Sheikh Muhammad Taqi Usmani, head of the religious board at the Accounting and Auditing Organisation […]

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Olswang bulks up arbitration and construction with Bakers hire

Olswang has added to its London international arbitration and construction practices with the hire of a partner from Baker & McKenzie’s Hong Kong office. Andrew Aglionby will move to London to join the firm on 1 October. At Baker & McKenzie he was a partner in the firm’s Hong Kong dispute resolution group, as well […]

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Close call: Kirsty Cooper, Aviva

Kirsty Cooper, group general counsel at Aviva, is on a mission to build closer ties between the insurer’s disparate legal advisers. The appointment of Kirsty Cooper as group general counsel at Aviva marks the start of a period of change in the company’s global legal department. Having been part of the legal ­function at various […]

The missing Link

The news that Cadwalader Wickersham & Taft’s former chairman Bob Link has quit the firm is unlikely to have too many people weeping in the street (see story). Link was the man most closely associated with turning Cadwalader into a firm that looked more like an investment bank, at least when it came to remuneration, […]

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