BPI shake-up yields new legal head

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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 […]

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Leader

There is no doubt that Milbank has stolen the jewel of Freshfields Bruckhaus Deringer’s private equity practice with the Nussbaum, Rieger and Fuger trio. It has cut the heart out of Freshfields’ Munich office with a more ruthless raid than Weil Gotshal’s failed attempts to capture Clifford Chance’s Matthew Layton and James Baird. But Freshfields’ […]

Herbert Smith frozen out of Standard Life demutualisation

Standard Life has finally held a beauty parade for its massive demutualisation, but it is understood that the mutual has not asked Herbert Smith’s star corporate insurance team to pitch for the work. Corporate insurance teams from Clifford Chance and Lovells have been interviewed over the last fortnight. It is also understood that the mutual […]

Leigh Day & Co splits

Leigh Day & Co’s London and Manchester offices have parted after the North West four-partner group opted to set up as a separate entity. The new firm, McCool Patterson Hemsi and Co, is expected to take the assets and entire client base in Manchester and will begin trading on 24 May. It is understood that […]

Dechert, Schnader save a life in death row case

The Philadelphia offices of Dechert and Schnader Harrison Segal & Lewis last month announced a victory following a 10-year pro bono battle to save a mentally retarded prisoner from death row. Dechert and Schnader’s pro bono teams became involved in the case following the petition of a habeas corpus on the grounds that Puerto Rican […]

Watson Farley NY makes second Shearman lateral

Watson Farley & Williams’ New York office has raided Shearman & Sterling for a new partner for the second time in 12 months. Stephen Millman, a senior partner specialising in tax and leasing, will move to Watson Farley’s New York office on Monday (24 May). On joining he will be reunited with his former Shearman […]

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