Report reveals courts cost £1.5bn a year

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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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Presidential treat

Thanks go out to Kevin Martin, outgoing president of the Law Society, for inviting Tulkinghorn down to the organisation’s annual council dinner on 12 July. There were more titles on show than a Lord Levy fundraiser and Martin was on great form, with a farewell speech that brought a tear to every eye in the […]

A&O taps bank for £75m to cover HQ relocation

Allen & Overy (A&O) has secured a £75m bank facility to help cover the cost of its new offices at Bishops Square. The loan was put in place last year to augment the current £65.8m cash surplus A&O has built up via retained profit to pay for the move, planned for this October. A&O finance […]

BLP’s fast action hero

It’s not often Tulkinghorn can say this, but some news of a genuinely heroic nature reached Tulkinghorn last week from Berwin Leighton Paisner. It was in the form of an email circulated by corporate finance partner and partnership board chairman Peter Robinson, to ‘everyone’, entitled “Adrian Rough” (one of the firm’s backroom unsung heroes). It […]

Directors to benefit from age rules

Companies fear being forced to follow statutory employment guidance for directors to avoid falling foul of age discrimination legislation. All large companies expect to have to change the way directors are hired and fired when the new legislation comes into force in October, according to the results of a new survey. Company directors are traditionally […]

Unichem GC snares Boots’ top job

Boots Group’s company secretary Michael Oliver is set to retire following the pharmaceutical giant’s multibillion-pound merger with Alliance Unichem, leaving Alliance Unichem general counsel Marco Pagni to take over as general counsel of the merged legal function. According to well-placed sources, Boots is unlikely to make any redundancies in its legal department as a result […]

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