Pinsents employment chief leaves for A&O

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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

Olswang represented the management of Financial Data Systems (FDS) and institutional sellers Gresham Trust on the sale of FDS to Wolters Kluwer. FDS will be managed within Croner.CCH Group, a UK operating division of Wolters Kluwer. Fabrizo Carpanini, private equity partner at Olswang, acted with a five-strong team. Wragge & Co advised Wolters Kluwer.

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 […]

Placements

CMS Cameron McKenna advised Big Yellow Group on its £97m flotation on AIM. The net proceeds are expected to total £43.5m after the company included a £45m placing and offer of new shares as part of the float. John Burton

Shearmans elects European partner to policy committee

Top five New York-based firm Shearman & Sterling has elected a non-New York partner to its executive policy committee for the first time ever. The managing partner of the Paris office of the firm, Emmanuel Gaillard, joins four New York colleagues plus managing partner Whitney Pidot and senior partner Stephen Volk on the seven-member group. […]

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