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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

Jaques & Lewis sued over land deals

CITY firm Jaques & Lewis is being sued by a Swedish bank over alleged land deal losses of u14.75 million. Bank Svenska Handelsbanken lent the sum to the Chainrock Corporation, based in the Netherlands Antilles, secured against land. The bank, in a writ issued by Clifford Chance, says the firm failed to validate a mortgage […]

Drink problem rises

SOLICITORS have emerged from the recession suffering from acute alcohol dependency and cocaine addiction, and face being struck off for corruption. These were the conclusions of participants at the Lawyers’ Support Group September meeting in London. Consultant psychologist Dr David Craggs, who deals with lawyers suffering from drug or alcohol dependency (or both), told the […]

Legal proposals 'fail' disabled

LEGAL groups say they are disappointed by proposals put forward in the Government’s consultation paper on discrimination against the disabled. The paper calls for opinions on a range of issues including employment and access to goods and services. Several professional bodies, including Law Society committees, are preparing responses to the paper which claims “sweeping legislation” […]

Firm takes Howard to court

RUSSELL Jones & Walker is acting for the Police Federation against the Home Secretary over proposed new conditions of service. The federation has applied for leave for a judicial review over what it considers to be neglect of the Home Secretary’s statutory duty to rubber stamp decisions made by the police negotiating board. The concern […]

Regions will take lion's share of CCT

Nicole Maley MEDIUM-SIZED regional practices are expected to be the big winners in the CCT game, with low overheads and smaller staff numbers enabling them to undercut larger firms in the bidding price war. A straw poll of local authority figures shows they believe the type of work likely to be put on the market […]

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