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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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Finance

If there’s one thing to be learned from this week’s headlines about Marconi’s bonds having fallen to crisis levels, it is that there is no such thing as certified high-quality investment.With creditors exposed to Marconi’s junk-status credit rating and bondholders stepping up pressure to renegotiate existing loans, the group is coming to terms with the […]

Slaughters singled out by Cadbury

Slaughter and May is the only UK law firm to have scooped a role advising UK confectioner Cadbury Schweppes on its purchase of Pernod Ricard’s soft drinks businesses.Slaughters partner William Sibree is advising the company on the competition issues surrounding its euro700m (£437.5m) acquisition of the soft drinks businesses in Continental Europe, the US and […]

Legal Widow

They invited the Lawyer to play in the firm’s five-a-side league. It was carnage. The Lawyer managed to break three fingers (not his own), his watch and the opposing team’s goalpost, after which he was taken to hospital with concussion. I had foolishly taken Deminimus along to watch, and had to spend most of the […]

Simmons to push Italian integration

Simmons & Simmons is relocating one of its senior London corporate partners to Milan to boost the firm’s international integration. Alan Karter, who manages Simmons’ relationships, including that of HFC Bank, said he was keen to see if there was a “much more European way of doing things”.He put himself forward for the post after […]

Skadden secretary steals $1m

A secretary from the Washington, DC office of Skadden Arps Slate Meagher & Flom is pleading guilty to stealing $1m (£671,000) from a partner at the firm.

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