Freshfields usurps Hogan Lovells on Biffa’s £1.1bn debt restructuring

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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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Dewey paid top duo $1.1m bonuses on eve of collapse, filings show

Dewey & LeBoeuf paid special bonuses totalling $1.1m each to CFO Joel Sanders and executive director Steve DiCarmine in the months running up to the firm’s collapse, bankruptcy filings reveal. The duo were each paid sums of $500,000 in January and $600,000 in February, according to the defunct firm’s financial statement, which was filed last […]

Linklaters targets shadow banking in bid to bolster finance practice

Linklaters has launched a focus group targeting alternative credit providers (ACPs) such as investment managers and corporate lenders in a bid to clinch new sources of fees amid the slowdown in traditional banking work. The magic circle firm has created a group headed by City banking partner Bruce Bell to co-ordinate efforts to forge relationships […]

FFW scraps formal public-sector focus in industry group rejig

Field Fisher Waterhouse (FFW) is set to reshuffle its sector-based approach in a decision that sees it move away from a formal focus on its troubled public-sector practice. The firm, which put its 20 per cent drop in average profit per equity partner (PEP) in 2011-12 down to the squeeze on government mandates, is set […]

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Leeds-based ABR plans to become UK’s biggest criminal practice

The criminal division of Leeds-based firm Clarion Solicitors is to open two new offices in northern England by the end of the month and another three offices by the end of the year following the acquisition of offices in Harrogate and Huddersfield less than a month ago. Fraud, crime and regulatory practice Clarion Advocates, which […]

1

Qatar 2022 lawyer quits as SNR Denton partner

The SNR Denton partner who played a key role in helping Qatar win its bid to host the 2022 World Cup has resigned from the firm. Corporate lawyer Romi Nayef, who made partner in 2011 (20 April 2011), has resigned from SNR Denton’s Doha office. He is understood to have handed in his notice at […]

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