Lawyer becomes BZ Bank chairman

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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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"Forgetful" barrister cleared

Ian Bullock, a tenant at Queen Square Chambers in Bristol, denied evading taxes and national insurance contributions worth £375,000. Judge David Radford said he had no alternative but to discharge the jury at Snaresbrook Crown Court after it failed to reach a verdict despite six hours of deliberations. Bullock, the court heard, has now repaid […]

Monckton Chambers and 4-5 Gray's Inn Square in merger talks

Alexandrina le Clezio, Monckton’s chambers director, says: “We are commencing talks with 4-5 Gray’s Inn Square with a view to implementing a full merger. Full discussions between members of chambers are taking place and we expect to make a full announcement in three weeks.” Chambers director at 4-5 Gray’s Inn Tony Wells says: “There were […]

Axa Insurance set to slash legal panel By Anne Mizzi

Beachcroft Wansbroughs, Berrymans Lace Mawer, Kennedys, Cartwrights and Merricks are among the 30-plus firms which will be waiting for the results. An Axa Insurance spokesman says the reviewed panel will be “substantially smaller” but refuses to divulge how many firms will survive. A source at one of Axa Insurance’s panel firms says: “We are getting […]

Sydney law firm set to lose managing partner

Steve Walker, who plans to take on more external board appointments, will be replaced by his deputy, Ian McGill, the head of the firm’s telecommunications practice. Managing partner for four years, Walker will take on various management projects for Allens when he leaves in July but will not return to full-time practice.

Senior US in-house lawyers see big wage increases

The survey by US legal consultants, Altman Weil, reveals that chief legal officers (heads of legal) received an average 13 per cent increase in salary and 18 per cent rise in total cash compensation (salary plus cash bonuses). Deputy chief legal officers fared even better with an average 23 per cent increase in salary and […]