Sonnenschein takes half of Thacher Proffitt

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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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Promotions down at Dechert and Reed Smith

US firms Dechert and Reed Smith have shown their confidence in the London market by making up new partners in the City, despite making fewer promotions overall than last year. Dechert made up a single UK partner, London-based funds specialist Gus Black, alongside five promotions in its US offices. Last year, from nine promotions at […]

Irwin Mitchell makes 16 redundant

Irwin Mitchell makes 16 redundant” />Irwin Mitchell has made at least 16 redundancies, with its conveyancing department bearing the brunt of the layoffs, The Lawyer understands. The firm launched a consultation with members of its Leeds and Sheffield conveyancing department in April of this year. According to sources, this resulted in at least five members […]

A&O halves bonuses for US associates

Allen & Overy is the latest magic circle firm to announce bonuses for its US associates. The firm has halved last year’s bonuses of $32,500 for junior lawyers, with most now receiving $17,500. Last year’s bonus for senior associates of $65,000 has also been halved, with most senior associates this year receiving $32,500. Last month […]

Paul Hastings lawyer suspended over insider dealing claims

Paul Hastings Janofsky & Walker lawyer Eric Holzer has been suspended from the firm over his alleged part in suspected insider trading at Lehman Brothers. Holzer, a tax associate in the New York office of Paul Hastings, is accused of being part of an insider trading ring with Lehman traders Jamil Bouchareb, Daniel Corbin, Frederick […]

BLP signs alliance with leading Russian lawyers

Berwin Leighton Paisner (BLP) is set to create an alliance with part of Moscow-based Pepeliaev Goltsblat & Partners (PGP). PGP is set to split due to the firm’s name partners taking different views on the tie-up with BLP, according to Russian media. A BLP spokesman confirmed that the firm is in the advanced stages of […]

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