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Latest Briefings

Update on EC proposals to amend UCITS, AIFMD, EuVECA and ELTIF to facilitate cross-border distribution

On 12 March 2018, the European Commission issued a proposal for a new regulation (the Regulation) and a new directive (the Directive) concerning the cross-border distribution of collective investment funds amending inter alia UCITS (the UCITS Directive), AIFMD, EuVECA and EuSEF (the Proposals). Please find below a summary of the main changes under the Proposals. What will change under the Proposals?

MEES: What information is required to register an exemption?

By Maria Connolly Since 1 April, it has been unlawful for a landlord to let a property with an EPC rating of below E, unless an exemption has been registered on the PRS Exemptions Register. The government has released guidance on the evidence required to register an exemption on the PRS Exemptions Register…

Getting the Deal Through: Fund Management 2018, Luxembourg edition

Fund Management traces the regulatory and legislative obligations facing fund managers balancing the need to maximise investment returns whilst also ensuring adequate investor protections in an increasingly challenging regulatory environment. Topics are written by leading experts and include: authorities responsible for fund regulation; licensing processes; territorial scope of regulation; required authorisations of fund marketing activities; […]

Financial Regulatory News Updates – April 2018

The Financial Regulatory News Updates: an overview in which Loyens & Loeff’s Banking and Finance Practice Group highlights recent legislative developments and publications of supervisory authorities in the financial markets…

Dutch coal exit proposed by new draft bill

On 19 May 2018 the Minister of Economic Affairs and Climate Policy (hereinafter: ‘the Minister’) published its draft bill (in Dutch only) on the Prohibition of the use of coal by power producers for public consultation (hereinafter: ‘the draft bill’). The basis of the draft bill derives from international (the Paris Agreement in 2015) and national (the […]

Recommended

Bank awaits Lords' decision

Generale Bank Nederland NV formerly Credit Lyonnais Nederland NV has sought leave to appeal to the House of Lords against refusal of its claim against Export Credits Guarantee Department. Generale Bank’s claim arises out of five banker’s guarantees issued by Export Credits. Generale Bank claims that Export Credits is vicariously liable for the acts of […]

Ashursts brings EU judgment to UK

Ashurst Morris Crisp has won the first English test of whether consent judgments in European courts can be enforced over here. Ashursts’ client, luxury car leasing company Landhurst, won its case in the Belgian courts against a company which had leased three Ferraris and two Aston Martins from it without paying for them. The company, […]

Let the trainees' voice be heard

Representation on the Law Society council would enable the TSG to build on the work it already does seeking solutions to the problem of debt among trainees, says Nick Armstrong. Dr Nick Armstrong is a trainee at Irwin Mitchell in Sheffield and chair of the TSG. Over Christmas, I read an article in the New […]

Gwent courts fall foul of inspectors

GWENT magistrates courts have been criticised by inspectors for providing a ‘generally poor quality of service’ to the public. But the Magistrates Court Committee (MCC) for Gwent has expressed disappointment at the negative tone of the report issued last week by HM Magistrates Courts Service Inspectorate. Government inspectors visited Gwent MCC’s courthouses for 11 days […]

Newcastle firms applaud Court of Appeal visit

Lawyers in the North East have applauded the idea for this week’s visit of the Lord Chief Justice and the Court of Appeal to Newcastle. And they say they would like to see a regional Court of Appeal made a permanent fixture. The Appeal Court’s criminal division is sitting for the first time ever in […]

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