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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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Hammonds PEP slumps 25 per cent

Hammonds has finally announced its financial results for 2005 and average profit per partner has sunk 25 per cent to £204,000 from £272,000 last year. After a delay due to the involvement of new auditors PricewaterhouseCoopers, as first revealed in The Lawyer (6 June 2005), the firm was able to brief partners on the results […]

Lovells scoops $8bn SABMiller merger

Lovells’ M&A team scooped its largest deal of the year advising SABMiller on its $8bn merger with Columbia’s Grupo Empresarial Bavaria from the Santo Domingo Group. SABMiller has acquired a stake of 71.8 per cent in Bavaria and will issue 225 million of shares to the value of $3.5bn that will give the Santo Domingo […]

FSA boosts enforcement team with new lawyers

The Financial Services Authority (FSA) is to recruit two or three in-house lawyers in a bid to develop a separate legal capability to assist its enforcement regime. The creation of the new legal function, which will service the Regulatory Decisions Committee (RDC), has been proposed as part of a raft of reforms unveiled by the […]

Simmons sees Telefónica through purchase of China Netcom Group

Simmons & Simmons has closed its first deal for Telefónica as the acquisitive Spanish telecoms operator made its first steps into China. The firm won a competitive tender against a number of City and US firms to advise Telefónica on the acquisition of a e240m (£135.6m) equity stake in Hong Kong-based China Netcom Group. The […]

Hogan forks out £5m on London office refit

US law firm Hogan & Hartson is spending almost £5m on the refit of its new expanded London premises, which have the capacity for the firm to double in size. The firm has hired architects Christian Garnett Partners to conduct the design and the fitting out of its new 40,000sq ft offices in Juxon House […]

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