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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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Deals

Allen & Overy represented Lincoln Electric Holdings on its £471m bid for Charter. Credit Suisse First Boston and JP Morgan provided US bank facilities to Lincoln Electric. Corporate partner at A&O Mark Wippell led a team of 11. Jones Day Reavis & Pogue acted for Lincoln Electric on the provision of US bank facilities. Slaughter […]

Be prepared for dirty money

New legislation is placing the onus on law firms to play their part in beating the money launderers, says Andrew Clark. New anti-money laundering developments will significantly affect the legal profession. The Financial Services Authority (FSA) has new responsibilities to regulate certain activities of firms involved in investment business. This should focus the minds of […]

Finers Stephens nabs Mishcons tax expert

West End firm Finers Stephens Innocent is taking on a new tax principal from City practice Mishcon de Reya. Brian Slater is a qualified accountant and joins the firm with partner status to advise on corporate tax, property tax, VAT and employee share options schemes. Mishcons says that Slater held a “senior position” in the […]

Hammonds liability team escapes sale to go solo

Hammond Suddards’ liability insurance litigation department is striking out on its own – avoiding being sold-off to the highest bidder. The firm, which is called Praxis Partners, was going to be sold after Hammonds brought in accountants Grant Thornton to co-ordinate a purchase (The Lawyer, 3 April). Jane Dixon, one of three partners at Praxis, […]

Case of the week… not

As hype about the amount of (insurable) losses companies suffered because of overly affectionate emails last week reached fever pitch, the bidding war began on how many years in jail the author of the ‘I Love You’ computer virus should get. But meanwhile, back in the real world, those responsible for the Paddington rail disaster […]

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