Proskauer Rose makes 60 redundancies

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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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Conyers Dill forges ahead with global expansion plans as Brazil office opens

Offshore firm Conyers Dill & Pearman is launching in Brazil following an upsurge in investment flowing in and out of the country. Conyers Dill e Pearman (Brazil) Servicos de Consultoria will open today (1 December), with partner Alan Dickson running the office as managing partner. He will be joined by partner Benjamin Dyer, who is […]

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SFO faces £10m legal bill on collapsed pharma investigation

The Serious Fraud Office (SFO) could face a £10m legal bill following the collapse of its £25m, six-year investigation into alleged price fixing by drug manufacturers. The SFO had accused pharmaceutical companies Goldshield, Kent Pharmaceuticals, Generics (UK) and Ranbaxy, of conspiring to defraud the NHS through an alleged pharmaceutical cartel. The SFO’s original indictment only […]

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RJW: Hiring?

It is refreshing to learn that while many firms are wielding the big redundancy axe, there are still firms that are trying to buck the trend and anticipate measured growth during the recession. Russell Jones & Walker is one of them. RJW had its own slump in 2002, when it made 40 redundancies and shut […]

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Clifford Chance loses fourth US litigator this week

Clifford Chance has suffered its fourth litigation defection in New York in days. Clifford Chance loses fourth US litigator this week” />Clifford Chance has suffered its fourth litigation defection in a week. New York class action partner James Moyle moved to US firm Morgan Lewis yesterday. Earlier today, The Lawyer revealed that New York litigation […]

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