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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

Real Estate and Projects

Sydney & London Properties buys Dorland House, the headquarters of Cordiant Communications, London, for £22m in its largest single acquisition to date. Sydney & London advised by Olswang (Philip Olmer). The vendor Escort Property Investment was advised by Freshfields Bruckhaus Deringer (David Cox).

Jones Day hires new London finance partner

Cleveland firm Jones Day Reavis & Pogue is taking on a finance partner for its London office from Crédit Lyonnais. Martin Bartlam, who was a partner at Wilde Sapte until becoming a banker in 1998, heads the structured products group in London for Crédit Lyonnais. He has recently been involved in developing high-yield and leveraged […]

Insolvency practices prepare for the worst

CC Raids Lovells workout team; Dechert launches insolvency practice; Herbert Smith group splinters UK law firms are rushing to shore up their insolvency and restructuring practices as economists predict a slowdown. Clifford Chance is taking on Nicholas Frome, head of business restructuring at Lovells, who is expected to join the firm’s restructuring and insolvency group […]

Real Estate and Projects

Gemplus makes euro430m (£271.7m) initial public offering, including a listing on the Premier Marché of Euronext Paris and a NASDAQ quotation. Gemplus advised by Cleary Gottlieb Steen & Hamilton (Peter Darrow, Andrew Bernstein, Robert Bordeaux-Groult, Jay Modrall).

Pillsbury in coast-to-coast US merger

San Francisco firm Pillsbury Madison & Sutro has completed its merger with New York’s Winthrop Stimson Putnam & Roberts and pushed its own partners to head the new management team. Pillsbury’s chair Mary Cranston heads the new firm and its managing partner Marina Park takes up the same role in the merged practice, Pillsbury Winthrop. […]

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