Linklaters scores von Bismarck fillip in Germany

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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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Firm foundations

Jersey’s new law relating to the creation of foundations as an alternative to trusts confers many benefits on clients more familiar with operating under civil law. By Alex Ruffel and Phil Howarth Jersey has a new foundation law that was recently approved by the States and came into force on ­Friday 17 July. Potentially this […]

Turnover stands firm at Bond Pearce

Turnover has remained steady at Bond Pearce over the 2008-09 financial year, with the firm bringing in £48m, equal to 2007-08’s figure. Despite the lack of change in turnover, profitability fell slightly at the South West firm, with the profit margin dropping from 17 per cent in 2007-08 to 15 per cent in 2008-09. As […]

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Law Society to students: legal career may be too risky

The Law Society is set to launch a campaign warning students to think twice about embarking on a career in law. The information campaign will target university and secondary school students, and contain information about the cost of legal training as well as the shrinking number of training contracts of offer. According to the Law […]

CC structured finance partner latest to defect as UK firms face tough time in Italy

Former Clifford Chance Italy co-managing partner Luigi Chessa has left the magic circle firm. It is not yet clear which firm Chessa will be joining, with speculation in the ­Italian legal market ­focusing on whether the high-profile securitisation partner will opt for an ­international or a local firm. One local partner said: “Chessa has a good client […]

Bank of America names new global GC

Mark Elliott has been appointed as global general counsel for commodities at Bank of America Merrill Lynch. He was previously head of legal for commodities for Europe, the Middle East and Asia, based in London. Elliott takes over from US-based Ronald Oppenheimer, who has left the bank to join oil and energy company Vitol to […]

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