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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

Cadwalader’s Griffin quits for Herbert Smith

The London office of US firm Cadwalader Wickersham &Taft is losing project finance partner Paul Griffin to Herbert Smith, leaving a question mark over the future of the firm’s nascent projects group. According to three sources close to Cadwalader, Griffin decided to leave after disagreements over the level of the firm’s investment in the projects […]

BA snubs Linklaters for Slaughters

British Airways’ has dropped Linklaters in favour of magic circle rival Slaughter and May for its planned merger with KLM Royal Dutch Airline. The airline giant usually turns to Linklaters for corporate advice. But recently, BA has increasingly sent its corporate and competition work to Slaughters, which previously undertook mainly leasing work for BA, headed […]

Financing

Slaughter and May acted for Blue Circle Industries on arranging loan facilities of approximately £1.6bn. The financing was used in part to fund a share buy back scheme in defence of Lafarge’s bid for the company. Slaughters commercial partners Richard Slater and Tom Kinnersley acted on the deal with support from commercial assistant Sarah Paterson.

Cahills shuts in Paris as it opens in City

Cahill Gordon & Reindel is transferring its Paris lawyers to local firm Lussan Brouillaud as the US giant finally opens its London office. Head of the Paris office Freddy Dressen, two lawyers and five support staff are moving to Lussan Brouillaud while US finance specialist Jim Robinson is relocating to the UK to be the […]

Perrin’s View

Given the brickbats aimed at the citadels of privilege during the past two weeks, it’s probably safe to assume that Oxbridge wishes it had never heard of Laura Spence. And, given that the furore has spawned more column centimetres than a certain sailor in Trafalgar Square, you can but take their point. Here we all […]

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