Reed Smith bolsters NY practice with Dorsey hire

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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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Trio of firms primed to push bids on potential £3bn RBS division sell-off

CLIFFORD Chance, Freshfields Bruckhaus Deringer and Weil Gotshal & Manges have lined up to represent competing bidders on the auction of RBS’s ­payment processing arm, with Linklaters winning the mandate on the sale side. Linklaters corporate partner Matthew Middleditch is understood to be leading for RBS on the auction as the bank readies itself to sell off its Global Merchant […]

Postcard from…Brussels

“I only meant to stay for six months” is a common refrain among non-Belgians here in Brussels, a city where people come for work and stay for the lifestyle in a place that has much more to offer than waffles, chocolate and Tintin. Brussels is a good city to visit, but a great place to […]

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Dentons prepares to seal transatlantic merger with Sonnenschein

Denton Wilde Sapte is to merge with US firm Sonnenschein Nath & Rosenthal in a deal that will create a £500m firm with 1,400 lawyers. Partners at the respective firms were informed of the proposal this afternoon and will be asked to vote on the matter on 9 June. If successful the firms will join […]

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Slaughters halts ‘Viking raider’ with High Court assets freeze

SLAUGHTER and May has secured a High Court freezing order against the assets of Jón Ásgeir Jóhannesson, the former executive ­chairman of retail investor Baugur, on behalf of Icelandic bank Glitnir. Partner Deborah Finkler was instructed by the resolution committee of the Icelandic bank to secure the freezing order against its one-time principal shareholder, who is also facing a $2bn (£1.38bn) claim from […]

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Pannone senior partner Kingsley leaves firm after three decades

Pannone senior partner Joy Kingsley is leaving the Manchester firm after 32 years to join local rival JMW Solicitors. Kingsley will leave Pannone in June and become senior partner at the £9m turnover firm from September, in what is a newly created role there. JMW managing partner Bill Jones said: “JMW is at the forefront […]

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