Europe: Italian tax changes in relation to Italian banking arrangements

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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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Allen & Overy supports SAP on its change of form to an SE

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Eversheds comments on UK chancellor’s statement on DC pension tax rule changes

Eversheds has commented on the UK chancellor’s statement summarising the key elements of the Treasury’s response to its consultation on the changes to tax rules for defined-contribution (DC) pensions. Francois Barker, head of pensions at the law firm, said: ‘The decision to require independent organisations to deliver the promised guidance guarantee to members as they […]

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Blackstone silk seeks admittance to Singapore courts for JR battle

Blackstone Chambers silk Michael Fordham QC has applied for temporary admission to Singapore’s courts to launch a judicial review relating to alleged overbilling by local firm WongPartnership. Fordham’s application has been filed in Singapore, although it is understood that no date has yet been set for the High Court to consider the matter. If admitted, […]

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HSF and A&O among firms involved in BSkyB’s £4.9bn Sky Europe deal

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SFO turns to Blackstone’s Saini QC for £300m Tchenguiz battle

The Serious Fraud Office (SFO) has switched lead counsel in one of its biggest ever cases, instructing Blackstone Chambers’ Pushpinder Saini QC in place of Serle Court’s Dominic Dowley to lead the defence of a £300m claim from the Tchenguiz brothers. The SFO has also added One Essex Court’s Charles Graham QC to its team. […]

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