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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.

Recommended

The main cause

Tulkinghorn is delighted to report that, on 23 May 2006, The Variety Club will be hosting its annual Legal Gastronomic Evening at The Dorchester on London’s Park Lane. The evening, organised by the club’s legal committee, will raise vital funds for the Variety Club to continue its invaluable work supporting sick, disadvantaged and disabled children. […]

McClures lures property team from Ledingham

Ledingham Chalmers has again been rocked by a Scottish rival, with McClure Naismith taking a property team following McGrigors’ stunning raid on Ledingham. Last week, Ledingham’s two-partner Edinburgh property and social housing team, led by Philip Sim and Derek Hogg, moved to McClures. This comes after McGrigors’ hire of the Aberdeen energy team and the […]

ACQUISITION FINANCE UPDATE

The coup of the month was Herbert Smith bagging the £3.55bn debt mandate on PSA International’s bid for P&O. Partners Clive Barnard and Ewen Fergusson are advising Goldman Sachs, Royal Bank of Scotland and UBS after Allen & Overy (A&O), Ashurst, Clifford Chance and Linklaters were conflicted out. A nice way to kick off the […]

Hammonds to consult on second lock-in

Hammonds’ management is considering a second lock-in of partners when the current one expires at the end of June. A paper has been presented to the partnership board, but no conclusions have been reached. Managing partner Peter Crossley said: “We’re considering a number of options. It’s all about ensuring commitment, and it’s a hearts and […]

Thompsons averts strike with 4 per cent pay hike

Trade union firm Thompsons has reached a pay agreement with fee-earners and staff, ending the threat of strike action. Thompsons HR coordinator Joanna Stephens told The Lawyer that the firm and staff had agreed to a 4 per cent wage increase, backdated to 1 October 2005. GMB members, including solicitors, legal executives and administrative managers […]

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