Childs to be new CC managing partner

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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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Losses mount at Winston as Bostrom joins Freddie Mac

Winston & Strawn has lost its banking and finance rainmaker Robert Bostrom to Freddie Mac. Bostrom joins the US mortgage lender as its new executive vice president and general counsel. The loss of Bostrom follows the defection of Winston’s former head of projects Chris McIsaac to Clifford Chance (CC) last week. The move reunites McIsaac […]

Richards Butler, Kennedys lock horns on TAG

Richards Butler and Kennedys have begun preliminary scuffles in the negligence case arising from the collapse of claims management company The Accident Group (TAG). Richard Spafford of Richards Butler is representing insurer Winterthur as it attempts to recoup £70m in damages from 700 law firms that worked with TAG before its collapse in 2003. The […]

DLA Philly associates land record salaries

DLA Piper Rudnick Gray Cary has raised its associate salaries in Philadelphia to some of the highest in the city. First year associates will now receive $125,000 (£70,300) a year, backdated to 1 January. Each associate level after the fourth year will receive a $10,000 (£5,600) increase, taking the basic salary for eleventh year associates […]

Goodwill hunting

When a partner retires from a partnership, goodwill is required on both sides, but does a firm have the power to enforce it? By Clive Greenwood One of the most valuable assets of a partnership is its goodwill, and one of the essential elements of any well-drafted partnership agreement is the protection of that goodwill […]

UK’s associate bonus rates put US firms at loggerheads

Cleary’s bonus boast sounds hollow as it plays catch-up to Shearman, which comes top with 25 per cent hikes “All New York firms pay essentially the same – it’s just a matter of who goes first,” says Cleary Gottlieb Steen & Hamilton’s managing partner in London Glen Scarcliffe on the subject of associate bonuses. That […]

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