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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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Ward Hadaway hire secures schools project

Ward Hadaway partner Karen Andrews has helped secure a mandate advising on a £350m schools project two months after arriving at the firm. The firm has been selected by Bedford Borough Council to provide all legal advice on its multimillion-pound Building Schools for the Future (BSF) programme, which will see the creation of seven ­secondary […]

TPG turns to Cravath for hire of general counsel

Cravath Swaine & Moore corporate partner Ronald Cami has joined private equity house TPG Capital as general counsel. Cami, who has been with the US firm since 1994 and has been a partner since 2001, is the second Cravath partner to leave for an in-house role this year after Julie Sweet became general counsel at […]

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Kraft fallout threatens M&A landscape as Takeover Panel flexes its muscles

Will one consultation paper equal a rewrite of the takeover rulebook? Since it was first announced last September, the hostile takeover of Cadbury by Kraft has dominated the M&A market more than any other in recent years. And developments over the past two weeks show that the impact is likely to be felt for some […]

37

Mayer Brown courtship of Simmons founders

US giant undeterred by failed talks as search for City ally continues Mayer Brown has been in secret merger talks with Simmons & Simmons as the Chicago-headquartered firm looks at ways of bolstering its dwindling presence on the UK side of the Atlantic. It is understood that the two firms held talks, which have now […]

Garrigues gains replacement Brazilian member for Affinitas Alliance

Spanish firm Garrigues has sealed an association with a local firm in Brazil, plugging the gap in its South American alliance left by the departure of Barbosa Muessnich & Arago last year. The decision, which was made at a virtual partnership meeting on 2 June, gave the go-ahead for a tie-up with Brazilian firm Schmidt […]

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