Burness overhauls management team

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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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Bingham restructuring ace joins Jones Day

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Linklaters boasts most £1m-plus earners in City

Linklaters has more partners than any other firm in the City earning in excess of £1m a year, exclusive research has revealed. The firm has a stunning 124 partners who pocketed upwards of £1m during the past financial year. Slaughter and May was the magic circle firm’s closest rival, with 90 partners earning more than […]

Partner pay growth outstrips newly qualifieds’ rate

Despite recent moves to raise associate pay, the rate of increase in average partner profits in the UK’s top 10 firms has outpaced significantly the growth in newly qualified salaries. Newly qualified associates, the most accurate barometer of associate salaries, received their largest pay rises for several years at the start of the current financial […]

Milberg Weiss former name partner defects to A&O

Allen & Overy (A&O) has boosted its New York litigation department, hiring former name partner of Milberg Weiss Bershad & Shulman Patricia Hynes. Hynes joins A&O as senior counsel, focusing on the magic circle firm’s white collar crime and financial services regulation practice. She is one of the most prominent lawyers to leave Milberg Weiss […]

Partner profit increase outperforms associate pay

Average partner profits have outstripped associate salaries over the last six years, according to new research by The Lawyer. Average partner profits at the UK’s top 10 firms jumped by 32.2 per cent between 2000 and 2006, from £568,300 to £751,700. In contrast, in the same period the average salary paid to newly qualified solicitors […]

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