Eversheds ups Middle East focus with KSLG merger

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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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NYC elite secure mandates on AIG restructuring

Davis Polk & Wardwell, Sullivan & Cromwell and Weil Gotshal & Manges have secured lead roles on the restructuring of US insurance giant AIG. Davis Polk & Wardwell, Simpson Thacher & Bartlett, Sullivan & Cromwell and Weil Gotshal & Manges have secured lead roles on the restructuring of US insurance giant AIG. Davis Polk corporate […]

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Orrick to cut another 300 jobs

Orrick Herrington & Sutcliffe has announced a second round of layoffs, with plans to axe a total of 300 staff. The US firm is looking to cut up to 100 associates and 200 support staff across its offices in Asia, Europe and the US. A spokesperson for Orrick said: “These actions are made necessary by […]

Postcard from… Tokyo

In the latest in our Postcards from… series, Lovells partner Anthony Raven discusses life in Japan and how Tokyo avoids many of the pitfalls of urban life in other countries. Tokyo has a reputation for being vast, overwhelming and frantically busy. It certainly is all of those things but it is also fascinating, exhilarating and […]

Middle East layoffs suggest there’s no place like home

Last week The Lawyer broke the news of the first legal job cuts in the Middle East. Seven Trowers & Hamlins employees lost their jobs in Dubai, Muscat and Riyadh, six of them associates and most from project finance (23 February). Trowers is one of a host of firms, among them Allen & Overy, Denton […]

Day-break at SJB

And so the least surprising election result since Kim Jong-Il secured an unprecedented 27th term is now in. And, as expected, Rob Day is the new man at the helm of the good ship SJ Berwin (see story). That said, Day saw off a tougher than expected fight from his corporate comrade Perry Yam, with […]

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