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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

Quote of the week

“What am I going to do with it? I really don’t know. I really don’t know at all.” – Gareth Quarry on the quandary of having an extra £31.8m after the sale of recruitment consultancy QD.

BP Amoco matches City firms’ salaries

BP Amoco’s in-house legal department is entering the bidding war for lawyers by reviewing its pay structure to bring it in line with City rates. BP Amoco group general counsel Peter Bevan has commissioned a report to review rates of pay for lawyers from newly-qualified associates up to partner level. He says: “If you take […]

Oppenhoffs set for rejig after merger

Oppenhoff & Rädler is undergoing a radical over-haul following its decision to merge with Linklaters. Last week, partners at the German and UK firms voted in favour of a full merger, which will be effective from 1 January. However, 20 per cent of Oppenhoffs’ 116 partners are considering quitting the firm. It is understood they […]

Manches

Manches represented Durlacher on establishing a separately funded vehicle to invest in the European applications service providers (ASP) market. The new venture, entitled App-X, has received £10m from private investors, which will eventually hold a 62.5 per cent stake in the vehicle. Durlacher has invested £600,000 in cash and a percentage of its minority stakes […]

Berwin Leighton launches web-based joint venture with Deloitte & Touche

Berwin Leighton has become the latest firm to join the dotcom world by launching a joint venture with accountancy giant Deloitte & Touche – and has already considered the option of floating. The firms have jointly invested £5m in setting up an internet venture dubbed Be-Professional, which aims to deliver basic professional services to small […]

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