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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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Veale Wasbrough scoops place on the Treasury Solicitor's commercial panel

Bristol-based Veale Wasbrough has been appointed to the Treasury Solicitor’s new commercial panel, established to provide commercial advice to the Treasury Solicitor’s Department The firm will be advising on six of the nine work areas for which the panel has been appointed – PFI/ projects, employment and pensions, corporate and finance, IT, planning and competition. […]

Baroness coughs up to Thyssen – finally

Wilberforce Chambers silk Robert Ham QC has settled his dispute with the wife of well-known industrialist Baron Hans Heinrich Thyssen-Bornemisza, over non-payment of £500,000 in fees. Baroness Carmen Fernandez has now paid Ham in full for his role in the infamous Thyssen litigation. Fernandez had originally agreed to pay Ham all his fees within seven […]

Hair today…

A dear friend of mine, while holidaying in Cuba, refrained from shaving for some four weeks in respect of the revolutionary hero Che Guevara. He even turned Communist, albeit for a mere eight weeks. Anthony Scrivener QC, who certainly has revolutionary blood, having once formed a rebel group called The Slate which was committed to […]

ING to force City banking firms to earn their keep

ING, the largest financial services group in the Netherlands, is setting up its first global banking panel in an attempt to cut costs. The panel will be for the investment and wholesale banking divisions of ING’s £38bn organisation.The financial giant, which last week cut 1,000 jobs, will give a handful of international firms the bulk […]

Offices spring up as firms catch Bristol property bug

Not content to advise clients that are active in the booming Bristol property scene, several of the city’s law firms have decided to get a piece of the action themselves Earlier this month, Osborne Clarke bagged £9m gross profit by building its own new offices at Temple Back East and then promptly entering into a […]

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