Covington & Burling leads Middle East to a free press

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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 […]

Recommended

Skadden ditches associate sabbaticals in $1m economy drive

The balance of power between law firms and their associates is beginning to shift back towards the partnership after New York giant Skadden Arps Slate Meagher & Flom announced plans to scrap its sabbatical programme. The Lawyer can reveal that Skadden will phase out the programme, in which associates gain an extra four weeks holiday […]

Salaries fall for law firm chief execs in London and South East

The average salary for chief executives in law firms of over 50 partners has fallen this year from £192,000 to £188,000 in London and the South East, but has risen from £127,000 to £138,000 in the rest of the country. A survey carried out by recruiters Carter Murray also found that the highest salary package […]

Allied Domecq gifts Latham adviser role

Latham & Watkins has sidelined Clifford Chance, Pillsbury Winthrop and Skadden Arps Slate Meagher & Flom to win a place on Allied Domecq’s legal panel. The New York-based firm has been appointed by the FTSE 100 beverages com-pany to advise on US law issues. Although Allied Domecq will retain all three firms, the company’s general […]

Hodgart parts with Hildebrandt

Strategy consultant Alan Hodgart is leaving Hildebrandt International to set up his own business.Hodgart, a well-known commentator in the legal sector, merged his business Hodgart Temporal with US-based Hildebrandt three years ago. He leaves Hildebrandt at the end of this month.

High Court figures take a nosedive

The financial crisis faced by the civil courts has been compounded by figures showing that the number of High Court claims has dropped by 66 per cent over the last five years. According to figures sourced by media litigation firm Peter Carter-Ruck & Partners, there were 54,543 High Court claim forms issued in 2002, compared […]

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