DAC loses banking team to Osborne Clarke

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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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Bradford & Bingley reveals new panel

Hammond Suddards, Addleshaw Booth & Co and Kennedys are the victors in Bradford & Bingley’s bulk work panel cull. The cull, by the UK’s second-largest building society, which is also in the process of converting to a bank, was far more extreme than was expected. Last February, Bradford & Bingley announced plans to cut the […]

Drugs giants merger fees may hit £30m

Slaughter and May and Linklaters & Alliance could earn an estimated £30m in fees from the merger of drugs giants SmithKline Beecham and Glaxo Wellcome. The £114bn merger is one of the world’s largest. SmithKline Beecham and Glaxo Wellcome are long-term clients of Linklaters and Slaughters respectively. Slaughters’ seven-strong team is led by corporate partners […]

This week

Lawyers who hold the purse-strings will be flocking to the first Lawyer In House Forum at The Barbican on 25 January.

Should police chiefs be liable for sexism?

The Lords will rule on whether a commissioner should carry the can for the actions of high-ranking officers. By Roger Pearson. Allegations of sex discrimination in the Metropolitan Police are to come under legal scrutiny in the House of Lords. The probe is scheduled in a battle by former policewoman Eileen Waters to prove that […]

Wacks Caller raids Davies Wallis Foyster for litigation dept head

Kit Sorrell joins the 13-partner firm as head of the commercial litigation department after 17 years at the 42-partner Liverpool firm – one of the biggest in the North West. Wacks Caller says Sorrell will bring all his clients with him, including national property developers and national breweries. The firm’s managing partner says: “It’s a […]

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