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Latest Briefings

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.

Report of the Independent Review of the FOS is published

By Richard Hayllar On the 12 July 2018, the Financial Ombudsman Service (the FOS) published a report on an Independent Review carried out by Richard Lloyd (former Which? executive). The review was undertaken following the broadcast of the Channel 4 Dispatches programme which set out a number of concerns about the handling of FOS complaints.

Efficient arbitration, part 2: Launching an Efficient Arbitration

Kicking off our series on efficiency in arbitration, our first article, Efficient Arbitration – Part 1: Metrics sets out our idea of an efficient arbitration: Achieving the best possible outcome with the least amount of resources. A range of tools are available to focus the spending of resources. Resources should be invested, not wasted. The selection of […]

Efficient arbitration, part 1: Metrics

This is the first in a series of articles by Schoenherr focusing on efficiency in arbitration. In our series, we will explore various tools which serve to improve the efficiency of any given arbitration and so achieve a favourable outcome without wasting resources. But before exploring those tools we need to determine what efficient arbitration […]

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FerradaNehme becomes London’s first Chilean firm

FerradaNehme has opened a representative office in London, becoming the first Chilean firm to do so. FerradaNehme has opened a representative office in London, becoming the first Chilean firm to do so. The office is headed by managing associate Carolina Werner and specialises in regulation and antitrust matters. Werner said the plan was to strengthen ties […]

Premier tax barristers emerge as £2m elite

Top tax barristers have become the premier league of the bar, with premier silks charging up to £5,000 an hour and £50,000 for a day-long conference. Silks at sets such as Gray’s Inn Tax Chambers, Pump Court Tax Chambers and 11 New Square routinely charge 10 times the £500 going rate for an average commercial […]

Unclear power

The future of nuclear power in the UK is a contentious issue and the recent Energy Review has done little to clarify things for lawyers, says Paul Ryan Over the past two years or so there has been a lot of talk about whether, and how, the UK would embark on a new round of […]

Toy story

Last year it was children. For those with long memories one of Tulkinghorn’s finest hours came when the great man decided to rank the UK legal market’s best and brightest on a combination of money earned and offspring sired. The result was Tulkinghorn’s inaugural ‘Lawyer Offspring Survey’, which produced the groundbreaking profit per child (PPC) […]

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Tax barristers gatecrash the bar’s expanding £2m-a-year club

The superstars of the bar are continuing to command extraordinary fees, with 18 commercial and tax silks understood to have earned more than £2m last year. Research carried out by The Lawyer has revealed that the tax bar is leading the pack, with two QCs in each of the main tax sets in the exclusive […]

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