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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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Richards Butler’s business development supremo Meirion Jones is a published author of some repute in the health and beauty industry. Apparently one of his first books, The Amino Revolution, is of great use for all those suffering from anxiety, stress, or alcoholism, so it could be of use to a fair few lawyers Tulkinghorn knows. […]

Deals comment

Herbert Smith has drawn first blood in the race to win the real estate investment trust (Reit) war, securing the first public mandate to convert Hammerson from a listed company to a Reit. Herbert Smith scores reit coup with Hammerson deal Herbert Smith has drawn first blood in the race to win the real estate […]

Olswang breaks through £500K profit benchmark

Olswang breaks through £500K profit benchmark” />Olswang has crashed through the £500,000 barrier for average profit per equity partner (PEP) for the first time since 2000. The firm’s turnover, which six years ago stood at £35m, has mushroomed to £77m, a growth of 22.5 per cent in the last financial year. Average PEP provisionally stands […]

Supermarkets braced for £25m investigation fees

The UK’s big-four supermarkets are expecting astronomical legal fees in the wake of the Competition Commission’s investigation into the grocery sector. Asda, J Sainsbury, Tesco and Wm Morrison are expecting a combined legal bill in excess of £25m after the Office of Fair Trading (OFT) referred the grocery sector investigation to the Competition Commission this […]

Company Law Reform Bill should worry lawyers

The Company Law Reform Bill envisages major changes to directors’ duties and the ability of shareholders to bring derivative actions against company directors. During House of Lords debates, a number of government amendments were accepted. For the most part, these addressed concerns expressed by the business community. Under the new law, there will be six […]

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