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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.

Recommended

DAC loses second head of corporate this year

Davies Arnold Cooper has lost its second head of corporate in just nine months. DAC’s Charles Wander is set to return to his former firm, Fladgate Fielder, as the steady flow of outgoing partners shows no sign of abating. Wander says he intends to leave DAC “some time in the new year”. DAC’s former head […]

Financings

US firm Latham & Watkins’ London office acted for Japanese trading company Nissho Iwai Corporation on a number of oil-backed financings completed in the Republic of Angola. The credit facilities, totalling £224m, will be advanced to Sociedade Nacional de Combustiveis de Angola – Sonangol UEE to finance the development of crude oil production in the […]

Herbert Smith to deliver free advice from new legal centre

Herbert Smith is launching a free legal advice centre in Whitechapel. Helene Kydd, community action partner at the firm, says that the cases dealt with at the advice centre will include employment, immigration and housing problems. She adds: “It can be anything from probate to someone who is dissatisfied with their dentist, or neighbour disputes.” […]

In brief: Linklaters & Alliance

Linklaters & Alliance is giving up on its ambitions for an alliance partner in Spain, after months of searching. The firm intends to build its Spanish presence by hiring lawyers, either individually or in teams.

Property

Norton Rose advised Helical Bar on the £18m sale of 8-10 Mansion House Place, EC4 to the British Arab Commercial Bank. (The buyer intends to occupy the building by the end of January 2000.) Jonathan Ody, property partner at Norton Rose, led the team on the deal, with property partner David Sinclair and construction partner […]

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