Jacksons and Crutes pull out of North East merger talks

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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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Chaos reigns as Revenue gets partners' tax wrong

LAW FIRM partners are receiving demands for tax they have already paid, while others are being credited with huge repayments not owed to them. The chaos is due to the Inland Revenue’s inability to deal with partnerships’ tax returns as part of the mass of work created by the 31 January self-assessment deadline. Partnerships can […]

Canary Wharf's u2.6bn bonanza for City firms

LEGAL history seems to be turning full circle at Canary Wharf – the 85-acre site east of the City – as Allen & Overy and Clifford Chance prepare for its unique u2.6bn flotation. City firms such as Ashurst Morris Crisp, Lovell White Durrant and Slaughter and May have made a good profit out of Canary […]

The word of God is law

While many Americans vilified Kenneth Starr as an over-zealous witch hunter, faculty members at Pepperdine University School of Law, California, courted him to be their dean. Students and professors at Pepperdine, who come from the same Christian legal world as Starr, say he would have been a perfect choice to carry out the school’s religious […]

Lawyers launch appeal as Lowry gets nine years

British law professor David Lowry plans to appeal to the Portuguese Supreme Court after being sentenced to nine years in prison on fraud and forgery charges. Lowry’s friends and law-yers were shocked at the verdict last Friday. They said Portuguese authorities failed to understand the international financial market, and were making an example of him. […]

SIF debacle threatens Law Society's future

At first people got angry. Then they started to laugh. Now they are getting hysterical and turning to the law to try and get their own way. The row over the Solicitors Indemnity Fund (SIF) has had more twists, turns, victims and villains than a John Grisham novel. We only wish it was even half […]

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