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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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The great divide

Tighter regulation of investment products will spark higher costs for professional advice and leave the mass market out in the cold. By Simon Gleeson The regulatory landscape for retail products in the UK is entering a period of rapid change. Financial Services Authority (FSA), EU and Government initiatives are all running strongly and it seems […]

Firm profile: Warners

Kent-based Warners Solicitors can trace its foundations back to 1785 – the age of Mozart, Napoleon and Benjamin Franklin. Chairman: Bill WassTurnover: £5.8mTotal number of partners: 17Total number of lawyers: 59Main practice areas: Private client, commercial propertyKey clients: The Children’s Mutual, Tonbridge School, West Ham United FCNumber of offices: TwoMain office: Tonbridge, Kent Kent-based Warners […]

Opinion: Powers of persuasion

The size of a legal team must be governed by need, not cost. And legal heads should not be afraid to ask for what they need. By Dominic Bacon I joined CMC Markets in April to create and head up its global legal department. That in itself wasn’t as much of a gamble as it […]

Guildhall QC bolsters Vickery defence

Guildhall Chambers silk Richard Smith QC has managed to get England rugby captain Phil Vickery a lenient punishment after his trip on USA centre Paul Emerick. The International Rugby Board (IRB) disciplinary panel banned Vickery for two matches for the trip. The full sanction could have been as much as four weeks, but judicial officer […]

Central role

The Midlands business and legal community has emerged as the surprise beneficiary of the increasing profile of sharia-compliant finance. For an increasing number of lawyers, particularly those working in larger City firms, those based in regions with large Muslim populations, or those who have international clients operating in the Muslim world, there has been a […]

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