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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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5 Fountain Court inaugurates national network of barristers

Anthony Barker QC’s 104-strong Birmingham set 5 Fountain Court has introduced the practice of hiring barristers from London and other regions who will not be forced to move when they start at the set.`Crime specialist Ian Bridge from Mitre Court Chambers, which dissolved this week, and two personal injury (PI) barristers will move to 5 […]

Secret Service documents to be released

Dechert is to ask the Treasury Solicitor to hand over secret service documents relating to the prosecution of the former director of Ordtec John Grecian, who is suing Customs & Excise for more than £1m in damages for malicious prosecution and misfeasance in public office.`Dechert senior assistant solicitor Lawrence Kormornick will bring the case after […]

Hewitsons figures are bittersweet

Cambridge-based Hewitson Becke + Shaw has increased its turnover by only 10 per cent, while its profits soared by 35 per cent.`Last year profits per partner were £135,000, but partners can expect to be taking home an average of £193,000 this year. However, turnover figures are far more modest, increasing from £15-£16.5m.`A Hewitsons spokesman denied […]

Milbank to lead creditors in Pacific Gas bankruptcy case

New York firm Milbank Tweed Hadley & McCloy has scooped work advising a creditors’ committee on one of the US’s most complicated bankruptcies – that of California’s Pacific Gas and Electric Company.`The firm saw off competition from rivals understood to have included Sidley & Austin, Skadden Arps Slate Meagher & Flom, Paul Hastings Janofsky & […]

Ashursts’ Paris practice closes giant Euro buyout

The Paris office of Ashurst Morris Crisp has completed one of Europe’s largest ever buyouts for longstanding clients CDC Equity Capital and Charterhouse General Partners.`The pair of private equity houses have bought the contracting sector of Alstom Holdings for euro770m (£466.4m) plus more than euro600m (£363.4m) of extracted cash.`Alstom’s contracting sector employs 25,000 people in […]

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