Law Society extends its KPMG negligence claims

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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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Mayer Brown & Platt acted for arranger and underwriter Standard Bank London on the underwriting of US$47.5m senior and subordinated facilities for the Wassa Gold project. Ashurst Morris Crisp acted for sponsor Glencar Mining and Clifford Chance acted for subordinated lender Commonwealth Development Corporation.

Weil Gotshal's top fee earner quits over its global strategy

One of Weil Gotshal & Manges highest fee earners, New York litigator Dennis Block, is leaving the firm over disagreements about strategy, including the expense of the London office. It is understood that Block, who is said to have personally taken $2m in profits last year (the firm’s average per-partner profits last year are estimated […]

Number of judicial assistants set to grow

A MAJOR expansion of the Court of Appeal’s judicial assistants scheme was predicted last week by the newly formed Association of Judicial Assistants. Slaughter and May solicitor Trevor Barnes, chairman of the association, said that the Woolf reforms meant judges would need more judicial assistants – first appointed last year to help Court of Appeal […]

Anonymity refused for LAB appeal firm

A London firm battling the withdrawal of its Legal Aid Board (LAB) franchise has failed to retain its anonymity. Three appeal judges, headed by the Master of the Rolls, Lord Woolf, have ruled that if Kaim Todner wants to pursue its challenge it must be identified. The two-partner London firm was granted leave to challenge […]

In brief: Lord Bingham voices legal aid concerns

The Lord Chief Justice, Lord Bingham of Cornhill, expressed concerns about the Government’s legal aid reforms in the annual Barnett lecture at Toynbee Hall last week. Lord Bingham pointed to uncertainty over the availability of insurance at reasonable cost for conditional fee agreements. The speech was welcomed by Heather Hallett QC, chairman of the Bar […]

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