Cadwalader makes 96 redundant; total 131 this year

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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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Cadwalader Wickersham & Taft cuts London by a fifth

Cadwalader Wickersham & Taft has axed 20 per cent of its London lawyers as part of the cull of 96 lawyers across the firm. Yesterday Cadwalader announced that it was laying off 96 lawyers across its offices in the US and UK (TheLawyer.com, 30 July), and today The Lawyer can reveal that 11 of those […]

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Microsoft panel firms to earn diversity bonuses

Microsoft has introduced a pioneering ­financial bonus scheme to reward its 17 panel firms for hitting diversity targets. The IT giant has rolled out a new initiative that will see panel firms such as Simpson Thacher & Bartlett and Sullivan & Cromwell opt in to one of two systems. These will see firms receive a […]

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The Lawyer’s Web Week is a weekly commentary on legal activity on the web. This includes an overview of the best of the week’s blogs. If you want to direct us to useful links, email webweek@thelawyer.com Fright siteYou can tell quite a bit about a firm from its ­website. Travers Smith is no exception, but […]

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With the lines between offshore and onshore firms becoming increasingly blurred, the special relationship between the two has become ever more important. Onshore firms are the lifeblood of their offshore counterparts and when the latter move into mainland jurisdictions it is a sensitive step, as the last thing offshore firms would want to do is […]

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Many lawyers acting for brand owners will have felt the shockwaves emanating from Google’s recent controversial change to its policy regarding the use of trade marks as keywords in the UK and Ireland. In broad terms, keyword advertising systems allow advertisers to bid for particular terms or phrases. When a search is conducted which includes […]

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