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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.

Recommended

Ashursts balances PFI deal by avoiding banks

Ashurst Morris Crisp’s head of projects Mark Elsey (right), led a team advising UK Detention Services (UKDS), on avoiding bank financing for the construction and maintenance under the Private Finance Initiative (PFI) of a £55m prison at Agecroft in Salford. The deal is the first major PFI infrastructure deal not to bring in bank financiers, […]

Flotation

John Ellard of Linklaters advised Coca-Cola Beverages (CCB) on its £1.7bn flotation on the London Stock Exchange. Richard Cranfield of Allen & Overy advised sponsor Warburg Dillon Read. Ashurst Morris Crisp advised the directors of CCB and Slaughter and May advised San Miguel.

Rights of audience are a Holy Grail

The Lord Chancellor’s recent consultation paper contemplates all solicitors having full rights of audience on qualification. A death-knell for the Bar? Well, hardly. The realities of training, cost and attitude appear to favour the status quo. According to the rules of professional conduct, solicitors must consider whether they have sufficient experience or competence before appearing […]

Booklet of the week

Toronto Special Events & Entertainment Programme, by the American Bar Association. Essential reading for all those lawyers who are flying out to the ABA conference this week. Includes details of a visit to a wild flower farm, an ecumenical prayer breakfast and a bird-watching trip.

Arbitration ace ups stumps for 3 Verulam Buildings

Elizabeth Birch, architect of the recently formed arbitration service, Arbitration for Commerce and Industry (ACI), has defected from 20 Essex Street to rival commercial set 3 Verulam Buildings. Birch, who moves set on 3 August after 18 years at 34-tenant 20 Essex Street, said she wanted to expand her ACI work in banking, insurance and […]

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