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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.

Recommended

Sullivan & Cromwell boosts London practice with NY trio

Top US firm Sullivan & Cromwell is boosting its commitment to its London office by moving three partners from New York – including one of the most highly-rated M&A lawyers in the world. Global leader Neil Anderson has been named as head of the firm’s European M&A practice. He is moving to London with fellow […]

Cloisters loses director after one year in the job

Cloisters’ chambers director Vanessa Peters has resigned after only a year in the post. The set, rated as a leader in employment, civil liberties and PI/clinical negligence, recruited Peters last July following a management review and the acrimonious departure of former senior clerk Michael Martin. Peters, who is now taking a month off, says in […]

Burness hires client as new head of the corporate group

Edinburgh-based Burness has appointed a solicitor who has worked outside the legal market for the past four years as the head of its corporate department. Alan Stewart, former head of legal services at Clydesdale Bank, and more recently chairman of football pitch operator Pitz, joined Burness’ Glasgow office on 3 April. Stewart’s experience in corporate […]

Management Buyout

SJ Berwin advised F&C Ventures on its £6.3m investment on the management buyout of hardware reseller Equanet. Lloyds TSB Commercial Finance provided £4m worth of additional debt facilities. SJ Berwin private equity senior assistant Raymond McKeeve led a team of six on the deal. Taylor Joynson Garrett acted for Equanet while Gouldens represented Lloyds TSB.

Share Trading

Cleary Gottlieb Steen & Hamilton represented Goldman Sachs Equity Securities (UK) and Deustche Bank London on the £3.2bn block trade of shares of Vodafone AirTouch. Clearys corporate partners Sebastian Sperber and Edward Greene led a team of four on the deal. Dewey Ballantine acted for Vodafone AirTouch.

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