Mystery US firm offers £1m for UK partners

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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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SIF distorting market claims Michael Beloff

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Judges avoid charity work

JUDGES are treating charity work cautiously following the Lord Hoffmann debacle. The Master of the Rolls, Lord Woolf, has bowed out of hosting a fund raising reception for Amnesty International because he has been told he could be one of the judges hearing General Augusto Pinochet’s new plea for state immunity. While Lord Woolf has […]

Ruling frees councils' hands for tendering

Local authorities are now free to judge tenders for council contracts on their merits, rather than being tied to one supplier. The change comes as a result of a recent High Court ruling, in which London Transport took Hillingdon Council to judicial review, claiming its existing bus shelters must stay in place forever under the […]

Prince Jefri: KPMG case rings change in the City

City firms have been forced to examine their procedures on conflicts of interest following the Law Lords’ judgment in the case of Bolkia v KPMG. The Lords upheld a High Court injunction last month preventing KPMG acting for the Brunei Investment Agency in its investigation of the finances of Prince Jefri of Brunei, the Sultan’s […]

Small-town solicitor still practising despite five misconduct convictions

A WELSH solicitor is still being allowed to practise despite being found guilty of misconduct on five separate occasions. The case of Tyrone Jude Francis has re-ignited calls for a tightening up of the Solicitors Disciplinary Tribunal (SDT). The Law Society believes it is too lenient in too many cases. Francis faced disciplinary hearings in […]

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