CMS Cameron McKenna partners vote yes to Dundas & Wilson takeover

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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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Review of the year: mergers timeline

This was a year dominated by merger activity in the legal market. For some firms, such as Ashurst and Herbert Smith Freehills, there was a desire for international expansion. For others, such as Slater & Gordon and DWF, there was opportunity to be grasped in being the dominant consolidator. And then there were the game-changing […]

The Volcker Rule — an overview

More than two years after they were originally proposed, on 10 December 2013 the federal banking agencies, the Securities and Exchange Commission and the Commodity Futures Trading Commission adopted final regulations to implement section 13 of the Bank Holding Company Act (commonly known as the ‘Volcker Rule’). The final rule — which is the culmination […]

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Netherlands: Small and strong

Boutiques bloom as the legal market adapts to a sluggish economy Although the eurozone crisis has in the main swerved the Netherlands, things have taken a turn for the worse recently. The eurozone’s fifth largest economy has had its AAA credit rating slashed to AA+ by Standard & Poor’s on the basis of its poor […]

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Macfarlanes and Nabarro advise on £1.7bn More London deal

Kuwaiti property company St Martins has bought the More London estate from London Bridge Holdings for an estimated £1.7bn, marking one of the UK’s largest-ever commercial property deals. The 13-acre real estate portfolio includes a number of landmark buildings around the London Bridge area, including City Hall. Other tenants include Ernst & Young, Norton Rose […]

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Osborne Clarke wins back place on Nomura’s revamped EMEA panel

Investment bank Nomura has wrapped up a review of its panel firms in Europe, the Middle East and Africa (EMEA), reappointing Osborne Clarke to its existing list of legal advisers.  Mayer Brown, Allen & Overy (A&O), Linklaters, Travers Smith and Ashurst all kept their places on the panel, which was last reviewed in 2010 (5 August […]

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