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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 advises Deloitte as Mosaic goes into administration

Mosaic Fashions, which owns retail chains including Karen Millen and Oasis, went into administration today, with DLA Piper winning the instruction. Mosaic Fashions, which owns well known retail chains including Karen Millen and Oasis, went into administration today, with DLA Piper winning the instruction from the administrators. Deloitte partner Neville Khan turned to DLA Piper […]

2

Freshfields, Herbies on Wolseley’s £1bn rights issue

Freshfields Bruckhaus Deringer and Herbert Smith have been called in to advise on building supplies company Wolseley’s upcoming £1bn rights issue. In the latest of a glut of cash calls by listed companies, Freshfields head of corporate Mark Rawlinson is understood to be advising Wolseley while Herbert Smith is understood to have been instructed by […]

Business forecast: Nick Benson, Met Office

Legal head Nick Benson needs to tread a fine line between the Met Office’s status as a public body and a commercial enterprise. Tom Phillips reports Like death and taxes, the weather is unavoidable. And as last month’s mass snowfall proved, there is nothing like a bit of bad weather to capture the British ­public’s […]

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Clifford Chance to cut 115 London support staff jobs

Clifford Chance to cut 115 London support staff jobs” class=”inline_image inline_image_left” src=”/pictures/web/images/16549_cc-london90.jpg” />Clifford Chance is looking to lay off up to 115 business services staff in London after a review of its support staff needs. The firm currently has around 1,200 business services staff based in London, with the number including all employees other than […]

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BDO refused appeal in bid to recover cash from former Halliwells partner

BDO partners acting as liquidators for Halliwells were yesterday refused leave to appeal a High Court judgment that prevented them from chasing one of the failed firm’s former partners for cash. Lawyers for Halliwells’ liquidators, BDO partners Shay Bannon and Dermot Power, were in the Chancery Division of the High Court seeking leave to appeal […]

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