India: Telecoms regulator amends licensing laws

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Draft Karnataka Maternity Benefit (Amendment) Rules, 2018

The Maternity Benefit Act, 1961 (MB Act) was amended vide the Maternity Benefit (Amendment) Act, 2017 (2017 Amendment) to grant certain additional benefits to eligible women employees. As part of the 2017 Amendment, the provision of a crèche facility was made effective from 1 July 2017 as a mandatory requirement for every establishment with 50 […]

Insolvency in aviation: what India’s new bill means for leased aircrafts

Leasing of aircrafts is a prevalent market practice in the aviation industry, and all existing airline operators in India have currently leased a significant number of aircrafts in their fleet. In fact, a sizeable debt in the books of these operators is in connection with such leasehold arrangements. Insolvency proceedings in India, including the aviation […]

Introduction of the SEBI (settlement proceedings) regulations, 2018

The Securities and Exchange Board of India (SEBI), through a notification dated 30 November 2018, has introduced the SEBI (Settlement Proceedings) Regulations, 2018 (Settlement Regulations). The Settlement Regulations, effective from 1 January 2019, will replace the SEBI (Settlement of Administrative and Civil Proceedings) Regulations, 2014 (2014 Regulations). The Settlement Regulations have set out the terms […]

Significant beneficial owner: SEBI makes listed companies comply

On 7 December 2018, the Securities and Exchange Board of India (SEBI) issued circular No SEBI/HO/CFD/CMD1/CIR/P/2018/0000000149 (Circular) to modify Circular No. CIR/CFD/CMD/13/2015 dated 30 November 2015 (Format for Disclosure of Holding of Specified Securities and Shareholding Pattern) issued under Regulation 31 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. Pursuant to the modification, […]

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Emergency Legal Kit for Business – personal data protection in Romania

This Law transposes the Directive (EU) 2016/680 on the protection of natural persons with regard to the processing of personal data by competent authorities for the purpose of the prevention, investigation, detection or prosecution of criminal offences or the execution of criminal penalties, and on the free movement of such data, and repealing Council Framework […]

Supreme Court confirms commercial tenant’s statutory right to a renewal lease

By David Manda, Ruth Ormrod The Supreme Court has confirmed, in the case of S Franses Ltd v Cavendish Hotel (London) Ltd that a landlord cannot oppose a tenant’s right to renew its tenancy on the grounds of redevelopment or reconstruction if there would be no intention to carry out the proposed works should the tenant vacate voluntarily.  Walker […]

New rules banning harmful gender stereotyping: What financial services clients need to know

By Jeanette Burgess, Louise Power Jeanette Burgess and Louise Power explain the Committee of Advertising Practice’s imminent ban on harmful gender stereotyping and offer their practical advice for financial services clients. What is changing, and why? We reported last year that the Committee of Advertising Practice (CAP) planned to introduce new rules banning harmful gender stereotyping in advertising. […]

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“Take a month off”: CMS offers new benefits to staff

CMS Cameron McKenna Nabarro Olswang has introduced a new “time out” policy offering employees the opportunity to take one month of unpaid leave, no questions asked. The policy, which is understood to be the first of its kind to be implemented by a law firm, was launched to address the work/life balance of staff. Employees across […]

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A&O beats magic circle rivals in global M&A league

Allen & Overy (A&O) has won a leading role on deals worth $278bn in the first half of 2018, making it the most prolific magic circle adviser of public M&A bids so far this year. According to preliminary data from Thomson Reuters, A&O was involved in 116 deals during the first half of this year, ranking […]

TLT wins licences for Celtic and Rangers football club fan zones

TLT has successfully represented both of Glasgow’s famous football clubs, Celtic and Rangers, in securing alcohol licences for improved match-day fan zone facilities – two of the highest profile licence applications for the firm in recent years. While a number of football clubs in England & Wales are already operating successful fan zones, these are […]

Simmons financials rebound in second consecutive year of PEP growth

Simmons & Simmons’ average profit per equity partner (PEP) rose 8 per cent to £686,000 over 2017/18, just two years after the firm reported a 10 per cent slump in its profits. In its 2017/2018 financials, Simmons’ turnover grew 12 per cent from £316.1m to £354m, following on from a more modest 7 per cent rise in […]

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