European bank cuts panel for advice in East to cut costs

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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

In brief: ICS abandons £51m mortgage scam action

The Investors Compensation Scheme (ICS) has abandoned its legal action against 200 law firms for their involvement in a mortgage scandal which resulted in the ICS having to pay £51m compensation to investors – after settling its dispute with the Solicitors Indemnity Fund (SIF) on mutually satisfactory terms.

Couderts hires Holman Fenwick litigator

COUDERT BROTHERS has taken litigation partner Bridget Wheeler from Holman Fenwick & Willan and so ended a six-month search for a head of litigation for its London office. Couderts’ London managing partner Philip Burroughs said that Wheeler’s appointment “was just the start of us developing a significant litigation capability”. Until now, the firm had only […]

Dispute over use of flats

Alleged breaches of planning consent in relation to occupancy of two leasehold flats in Chelsea is to go to the House of Lords. Kensington and Chelsea Council claim that Lawrie Plantation Services has allowed employees to use the flats for short-stay visits to London and in doing so has breached conditions prohibiting use of the […]

Judge attacks barristers without law degrees

A HIGH Court judge has launched a fierce attack on the practice of letting barristers without law degrees “loose on the public” after taking an “elementary” conversion course and a one-year Bar course. Delivering the Chancery Bar Association’s spring lecture – during which he also attacked the “extravagant” fees charged by some leading QCs – […]

Great Scott? Not quite, but showing promise

Veronica Cowan on the Bar Council lay complaints commissioner’s first year in office. Veronica Cowan is a barrister and freelance journalist. The public might perceive Michael Scott CB, CBE, DSO as typical of an appointment by the Bar Council. The Bar’s lay complaints commissioner is the public school-educated son of a colonel. He boasts manners […]

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