Trevor Faure quits Tyco

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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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Competition push sees 3 raid Simmons

Mobile phone operator 3 has created the new role of head of competition and regulatory, hiring Simmons & Simmons senior associate Jane Jellis to lead the group. Jellis will work on 3’s ­relationships with media and telecoms regulator Ofcom, as well as coordinating all competition work. Stephen Lerner, general counsel for 3, said: “Competition and […]

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Slaughters, Freshfields advise on latest bank bailout

Slaughter and May has cemented its close ties to the Treasury, advising on the Government’s latest bank bailout package as well as a further governmental investment in Royal Bank of Scotland (RBS). Slaughters corporate partner Charles Randell led the team advising on the Government’s asset protection programme, which will see the Government insure banks against […]

Paul Weiss: revenue and PEP up

Paul Weiss Rifkind Wharton & Garrison has announced revenue growth of 6.3 per cent for the 2008 financial year. The US firm posted revenues totalling $692m for 2008, up from $652m in the 2007 financial year. Average profit per equity partner (PEP) increased by 2.3 per cent, up from $2.6m in 2007 to $2.7m last […]

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Arthur Cox, MOP advise on Anglo Irish nationalisation

Irish firm Arthur Cox has been called in by the Irish Government to work on the nationalisation of Anglo Irish Bank. A bill is being heard in the Irish parliament today to enable the government to take control of the bank, which has been hit by a private loans scandal. Arthur Cox managing partner Pádraig […]

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Lord Hunt seeks inputs on regulation review

Lord Hunt of Wirral has kicked off his wide-ranging review of law firm regulation with a 54-page call for evidence. Hunt, a former Beachcroft senior partner, was appointed by the Law Society last year to lead a nine-month review of how the profession should be governed in future. The call for evidence will close in […]

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