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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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Look before you leap

Deciding whether to use offshore trustees can be difficult, but having decided in their favour many other questions then present themselves. For example, there is no shortage of possible jurisdictions or service providers – but which should you use? In choosing a jurisdiction the following are perhaps the principal considerations. Taxation – the jurisdiction must […]

Clifford Chance takes Windows-based route

Clifford Chance is embarking on a multi-million-pound project to update its information technology. From June to early next year it will replace the Wordperfect word processing system on all its PCs with the latest Microsoft Windows-based systems. It has also begun trials of a new practice management system with which it intends to replace its […]

Clifford Chance:a case of merger most foul

Ten years on people still talk of the merger that gave birth to Clifford Chance as the archetypal merger. It was, they say, the one big merger that really worked. But Geoffrey Howe, who was elected managing partner of Clifford Chance 18 months after the deal and had to unite the two firms and develop […]

In brief: Lawyers to appeal over Caesarean case

Solicitors for a woman detained in hospital under the Mental Health Act and forced to have a Caesarean are to appeal a High Court decision that she waited too long to challenge the legality of her detention. Leigh Day & Co solicitor Richard Stein, who is representing the woman known only as Ms S, said […]

Pannones' network nears completion

Pannone & Partners is reaching the end of a major project to revamp its practice-wide IT systems. The Manchester firm began the overhaul last July and now all that remains is to attach its accounts and practice management systems to the main network. IT partner Gareth Jessop, who has led the operation, said that the […]

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