LLP move prompts Travers partnership rejig

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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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LSC funding changes are merely window dressing

More than 3,000 lawyers raised more than £300,000 for the London Legal Support Trust on 19 May to support legal advice charities in London and the South East. The trust was set up in 2003 to act as a ‘league of friends of legal advice’, providing support for voluntary sector legal advice charities such as […]

Breaking the Cheyne

A novel proposal for the restructuring of Cheyne Finance could signal a change in fortunes for other crunch-hit structured investment vehicles. An agreement has been reached in respect of the restructuring of Cheyne Finance, a structured investment vehicle (SIV) that has succumbed to the ongoing liquidity and credit crunch. This agreement may herald a change […]

9

Shearman corporate head quits for Weil

Shearman & Sterling’s London office has been hit with a further loss, with corporate star Peter King set to join Weil Gotshal & Manges. King, who joined Shearman from Linklaters in 2003, was responsible for developing Shearman’s City M&A and capital markets practice. His departure leaves Shearman’s London corporate practice with four partners and no […]

Clifford Chance acts in Nokia bid for Symbian

Clifford Chance has won its first major UK mandate from Nokia, as the mobile phone giant moves to take over mobile software company Symbian. Also lining up on the $410m (£206m) deal are Eversheds, Norton Rose and Slaughter and May. Clifford Chance corporate partner Joachim Fleury has been instructed as Nokia offers to buy the […]

DLA sends in lawyer to save Saudi practice

DLA Piper has sent one of its legal directors to Riyadh to become its local sponsor after its alliance with Saudi firm Abdulaziz Al-Fahad came to an end last week (The Lawyer, 30 June). Abdulaziz Al-Bosaily, who joined DLA Piper’s Dubai office in 2007 from Clifford Chance’s Saudi ­affiliate?Al-Jadaan?& ­Partners, left DLA Piper in June […]

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