Skadden helps SocGen fight off US subprime class action

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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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8

Eversheds restructures to avoid brand confusion

Volume business LSG to be tied in with litigation and real estate areas Eversheds has disbanded its commoditised arm as part of a firmwide restructure aimed at allaying any confusion about its brand. The firm operates a ­volume business, Legal ­Systems Group (LSG), which deals with financial recovery, remortgaging, ­volume claims, personal injury and specialist litigation. LSG sits […]

4

Scottish uprising

Scottish firms are gearing up for a better time after two years in the doldrums, says Margaret Taylor  After a torrid 2008-09, Scotland’s law firms continued to suffer during the 2009-10 financial year. Of the top 20 Scottish firms by turnover McGrigors, which posted a revenue rise of 10 per cent, recorded the highest […]

11

Macfarlanes advises latest bidder for Liverpool FC

Macfarlanes has been handed the mandate to act for the latest bidder to throw his hat into the ring in the battle for control of Liverpool Football Club. The firm is acting for Singapore tycoon Peter Lim on what is reported to be an improved offer for the troubled Premier League club. Lim is also […]

Shearman and Weil top of the Kops

You could say that Bill Shankly will be turning in his grave. But given the ongoing travails of Liverpool over the last few seasons the chances are he’s been on a spin cycle for quite some time now. Either way, the great man would not be happy to see the Anfield club punted around from […]

Focus on Lone Star state as merger plans take shape

Merger-mania hit the US late last month as two potentially market-changing deals broke cover in less than a week. Then, within 24 hours, one collapsed. Few in the market will have been surprised that Orrick Herrington & Sutcliffe featured prominently in one of the potential mergers. The firm, which earlier this year confirmed it had […]

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