SJ Berwin partners vote through $1bn merger with KWM

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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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Nortel and Lehman Brothers case on FSDs decided — a workable way forward

By Heather Chandler The case involved two groups (the Nortel group and the Lehman group) each of which contained occupational pension schemes with substantial funding deficits. The Pensions Regulator (PR) had issued financial support directions (FSDs) to the group companies, in both cases following the placement of the group into administration. An FSD is a […]

Lloyd

Moves 29 July

Move of the week Former Herbert Smith Freehills partner Kevin Lloyd has joined Debevoise & Plimpton as a partner. Lloyd, a senior partner in the commercial litigation group, began his career at Herbert Smith before joining Mallesons Stephen Jaques in 1988, where he was named a partner in 1990. He rejoined Herbert Smith in 1999 […]

Greenhouse gas reporting: what you need to know

Under section 417 of the Companies Act 2006 all companies (unless entitled to the small companies exemption) must prepare a ‘business review’. This must contain a fair review of the company’s business and a description of the principal risks and uncertainties facing the company. In the case of a quoted company (broadly meaning an Officially […]

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