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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

A year ago this week

A&O, Linklaters cut back in CIS This time last year the Russian market was feeling the squeeze. Allen & Overy (A&O) and Linklaters were among the firms that suffered, with both being forced to cut back on staff numbers. The redundancies followed the closure in September of the Moscow office of US firm Mayer Brown […]

Barracuda

Barracuda and PPM Ventures buy Ambishus Pub Company for £38.2m. Barracuda and PPM Ventures advised by Clifford Chance (Simon Tinkler). Ambishus represented by CMS Cameron McKenna (Andrew Sheach). The Bank of Scotland provided senior debt, advised by DLA (Philip Butler).

Paching up the problems

The Pupillage Applications Clearing House (Pach) was devised in 1996 in an attempt to bring some order into pupillage recruitment. Prior to its introduction, those seeking a pupillage were faced with the daunting task of making numerous applications to chambers, while chambers were faced with an endless stream of inquiries about pupillage. Pach introduced a […]

allied leisure

Just as the Hyder controversy begins to die down, the Takeover Panel is hitting the headlines yet again, this time in connection with Allied Leisure’s sale to Georgica. The contentious issue this time is how more than 50 per cent of fund managers with a stake were able to sell the company to former rival […]

US Howrey Simon launches attack on European market

Washington DC firm Howrey Simon Arnold & White is kick-starting its first foray into Europe by targeting the UK and Belgium. The 470-lawyer practice is set to open offices in both London and Brussels at the beginning of next year, from which the highly rated intellectual property (IP) firm will deliver services throughout Europe. Dutch […]

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