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.
By Richard Hayllar On the 12 July 2018, the Financial Ombudsman Service (the FOS) published a report on an Independent Review carried out by Richard Lloyd (former Which? executive). The review was undertaken following the broadcast of the Channel 4 Dispatches programme which set out a number of concerns about the handling of FOS complaints.
Kevin Hollinrake MP (Co-Chair of the APPG on Fair Business Banking) has published his report titled “Fair Business Banking for All: How to improve access to justice for businesses in financial services disputes” (the Report). Following the APPG’s responses to the FCA’s consultation on expanding the FOS’s jurisdiction (CP18/3), the Report sets out various recommendations […]
By Andrew Webber The benefits and role of a non-executive director are well known amongst larger businesses, but the picture is far less clear for SMEs. What is the role of a non-executive director in an SME? What value do and could they bring? And, how can an SME ensure they get the most from a […]
By Andrew Ryan On 6 July 2018 the Northern Ireland Court of Appeal gave its ruling in the appeal against the decision of the High Court in Buick’s (Colin) Application as Chair Person of NOARC 21  NICA 26. The potential implications of the judgment for governance as a whole in Northern Ireland in the […]
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 […]
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…
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 […]
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 […]
Kicking off our series on efficiency in arbitration, our first article, Efficient Arbitration – Part 1: Metrics sets out our idea of an efficient arbitration: Achieving the best possible outcome with the least amount of resources. A range of tools are available to focus the spending of resources. Resources should be invested, not wasted. The selection of […]
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Ince & Co’s redundancy consultation has resulted in the departure of 32 people and a search to sub-let 22 per cent of the firm’s floor space in its London headquarters. Of those 32, 25 business services staff have now left the firm along with a further seven fee-earners, including one junior salaried partner. There are […]
An 8 per cent increase in turnover at Mishcon de Reya last year saw the firm break through the £160m barrier for the first time in its history, posting £161.3m for the 2017/18 financial year. The increase in the firm’s top line means it has now added more than £30m in revenue growth in the […]
Gateley’s revenue has increased by 11 per cent from £77.6m to £86.1m in its third full year as a listed entity. The firm posted double-digit rises across the board for 2017/2018, with profit before tax increasing by nearly 12 per cent from £13.1m in 2016/2017 to £14.6m. Adjusted earnings before interest and tax (EBITDA) saw a […]
A High Court judge has slammed Pinsent Masons for its actions following the death of Russian oligarch Nikolay Glushkov, accusing the firm of having lost “sight of any basic standard of decent and compassionate behaviour” in a long-running case brought by Russian airline Aeroflot. The litigation centered around allegations made against, among others, the late Russian oligarch […]
Freshfields Bruckhaus Deringer and Paul Hastings have picked up lead roles on the latest bumper deal in the increasingly active telecoms sector. The magic circle firm has been advising South African company MTN Group on its sale of subsidiary company MTN Cyprus to Monaco Telecom for approximately €260m. Paul Hastings is representing the buyer Monaco […]
CMS Cameron McKenna Nabarro Olswang is to nearly halve the size of its Reading office after a review affecting the firm’s real estate practice, just over a year into its tripartite merger. The Lawyer understands the firm held a consultation with seven fee-earners in the real estate asset management practice, with the majority of the group relocating to […]