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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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Derivatives takes step towards global standards

The derivatives market has moved a step closer to gaining a standardised set of global guidance rules, with the consultation period for the new principles closing last Friday (14 June). The final draft of the Retail Structured Products (RSP) principles, which were devised by a group of leading industry bodies, including the International Swaps and […]

Indian Govt puts LLPs on the agenda

The Indian Government is in discussions about allowing firms to convert to LLP status in the latest move that would pave the way for liberalisation of the country’s legal system. The government is currently in talks with attorney general Milon Banerjee regarding LLPs, but has given no indication of when the outcome will be announced. […]

DWS Turkish nous wins Cadbury Schweppes job

Denton Wilde Sapte (DWS) beat Slaughter and May to score its first mandate advising food and drink giant Cadbury Schweppes. DWS was approached by the company to advise on its $450m (£228.33m) acquisition of Turkish gum business Intergum, owned by the Amram family. DWS lead partner Philip Goodwin said: “This is the first time we’ve […]

Relocation costs LG dearly as PEP dives

LG, the firm formerly known as Lawrence Graham, has become one of the few firms in the City to post flat revenue growth and a reduced profit for 2006-07. Turnover at LG remained static at £66m, while average profit per equity partner dropped by 7.5 per cent, from £465,000 to £430,000. LG managing partner Penny […]

Hammonds and Sackers secure landmark Sea Containers decision

Hammonds and Sacker & Partners are giving legal advice to Sea Containers’ pension funds after the Pensions Regulator took steps towards making the company meet the scheme’s deficits. The US company and its UK subsidiary Sea Containers Services, which owns GNER, are both currently going through Chapter 11 bankruptcy proceedings in the US. Under that, […]

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