FCA guidance on proportionality in the operation of certain remuneration provisions
In January 2014, the FCA issued guidance on proportionality in the operation of certain remuneration provisions.
The remuneration provisions have been among the Alternative Investment Fund Managers Directive’s (AIFMD’s) most controversial elements. Three of these provisions in particular have attracted industry attention: retained structures, deferral and performance adjustment.
Subject to various conditions, the retained structures rules require full-scope alternative investment fund managers (AIFMs) to ensure that at least 50 per cent of any variable remuneration consists of units or shares (or of equivalent ownership interests, etc) of the AIF concerned…
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Dispute resolution in the UAE: what are the options? Part three — enforcing an arbitration award in the UAE
Different regimes apply in the UAE for enforcing international awards and local awards (i.e. awards made within the UAE).
Employers with recognised trade unions are seeing more pressure coming their way in relation, on the one hand, to job security and on the other to improved terms and conditions.