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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.

Recommended

BOOK REVIEW

Business and the Human Rights Act 1998, by Michael Smyth, published by Jordans (ISBN 085308565) Think Human Rights Act 1998 and by now most of us are probably ready to emit a quiet groan. But for all the recent debate about the implementation of the act and, above all, the impact it will have in […]

Freehills partner quits

Stephen Stern has left Freehills Melbourne office to set up his own niche trade practices law and intellectual property firm following a disagreement with management over how the IP section was run. Stern is currently suing Nicole and Andre Coutrelis of French firm Coutrelis & Associe for defamation after they accused him of “morally, ethically […]

Ashursts client Peter Black picks Eversheds after MBO

Eversheds has snatched Peter Black Holdings from Ashurst Morris Crisp after advising on one of the UK’s largest public-to-private deals this year. A 10-strong Eversheds team, led by corporate partner Robert Pitcher, is acting on the £223m management buyout (MBO) of Peter Black through newco Beltpacker, led by a team comprising five directors, including chairman […]

Spirent

Spirent acquires Hekimian Laboratories in combined cash and paper deal worth £1.11bn. Spirent advised by Linklaters (Shane Griffin) and Debevoise & Plimpton (Robert Quaintance), financial advisers Schroder Salomon Smith Barney and Rothschild, brokers Cazenove & Co and accountants Ernst & Young. Hekimian represented by Skadden Arps Slate Meagher & Flom (Alan Myers) and financial adviser […]

Amerada Hess

Amerada Hess makes £2.4bn bid for UK independent oil company Lasmo. Amerada Hess advised by Goldman Sachs, Freshfields Bruckhaus Deringer (Tim Emmerson) and White & Case (Timothy Goodell). Lasmo represented by Slaughter and May (Simon Phillips), Sullivan & Cromwell (Richard Morrissey), Schroder Salomon Smith Barney, Cazenove & Co and UBS Warburg.

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