Funds

News

Luxembourg

Clifford Chance expands in Luxembourg with second hire in a month

Clifford Chance has ramped up recruitment efforts in Luxembourg with a second partner hire so far this year, taking on magic circle rival Linklaters’ funds partner Emmanuel-Frédéric Henrion this time. Henrion joins Clifford Chance as a partner in the investment funds practice in Luxembourg. This is the firm’s second lateral partner hire in the European […]

Luxembourg

Dechert makes strategic pre-Brexit hires in Dublin and Luxembourg

Dechert has started off 2019 with two partner additions, recruiting funds expertise into both its Dublin and Luxembourg office. The US firm has hired Maples & Calder’s Carol Widger as its new managing partner of Dublin, a financial services lawyer that advises companies on services to investment funds. She replaces Declan O’Sullivan in the role, […]

Luxembourg

Fieldfisher opens second European office in two months

Fieldfisher has opened its second European office in as many months, launching new operations in Luxembourg through a lateral hire. The office will be focused on finance and funds, with the firm hiring Ingrid Dubourdieu as its managing partner for the country. She joins from local firm D Law, where she has been a partner […]

Analysis

Have we forgotten how to listen?

We shout a lot these days and we seem to have forgotten how to listen. Even if we are listening it is, more often than at any time in the history of mankind, within our own bubble as we plug in the earphones and pull up the audio drawbridge. There’s a lot of shouting on […]

Featured Briefings

Channel Islands funds quarterly legal and regulatory update: Q4 2018

Jersey Developments Value of regulated funds in Jersey hits record high Figures released by the Jersey Financial Services Commission (JFSC) for Q3/2018 and reported by Jersey Finance, showed that the net asset value of regulated funds under administration in Jersey grew 14% year-on-year to stand at £301.7bn. Ogier’s commentary on this very encouraging news can […]

LIBOR: Early steps to prepare for the discontinuation

By Graham Walters In September 2018, the PRA and FCA wrote to the CEOs of major banks and insurers supervised in the UK to understand the preparations that were underway to manage the transition from LIBOR to SONIA (Sterling Overnight Index Average). As the Dear CEO letter explained, repeating the words of Andrew Bailey, Chief […]

Almaty Light Rail Transit project in Kazakhstan

On the 29th November 2018, Almaty, the former capital and the largest city in Kazakhstan, received responses from nine international consortia, consisting of companies from Japan, France, Russia, Turkey, Spain, China and Kazakhstan, to participate in the first stage of the open tender of the Almaty Light Rail Transit (LRT) public-private partnership (PPP) project. The mayor of Almaty is seeking a private partner to design, […]

Where next for cryptocurrency?

By Bryan Shaw The recent Treasury Committee report examining the role of digital currencies in the UK concluded that urgent regulation of the sector is needed to put an end to the “wild west” environment in which firms are operating today. Three months on from that report, with time to digest its contents and implications, […]

Loyalty penalty super-complaint – An update

By Rob Aberdein, Jeanette Burgess The Competition and Markets Authority and the Financial Conduct Authority have responded to the Citizens Advice super-complaint about the so-called ‘loyalty penalty’ affecting long-term existing customers in the mobile, broadband, cash savings, home insurance and mortgages markets. Walker Morris’ Retail Finance specialists explain. Super-complaint Walker Morris has reported previously that, on […]

Capital Markets Update: January 2019

By John Hamer, Debbie Jackson, Richard Naish, Daniel O’Gorman Welcome to the current edition of Capital Markets Update, the monthly briefing from the Corporate Group at Walker Morris rounding up the previous month’s developments within the equity capital markets and looking ahead to future developments. December’s news QCA publishes corporate governance behaviour review 2018 On 3 December 2018, the […]

Various FCA reports, proposals and guidance issued on 18 December 2018

By Rob Aberdein, Karl Anders, Andrew Beck On 18 December 2018 the Financial Conduct Authority published various items relating to consumers and credit of which lenders and social landlords should be aware: The FCA has made new rules strengthening protections for consumers using doorstep lending, catalogue credit and store cards. Some of these, relating to the treatment of customers in […]

When can a private body be amenable to judicial review?

By Ravi Randhawa The Court of Appeal recently upheld the decision of the Divisional Court and agreed, in R (Holmcroft Properties Ltd v KPMG LLP, that KPMG was not amenable to judicial review when acting as an independent reviewer of a bank’s redress scheme. However, while both courts ultimately reached the same conclusion, their reasons for […]

FCA senior managers and certification regime

By Ian Mason, Jonathan Chamberlain In July 2018 the UK Financial Conduct Authority (FCA) published its near-final rules on extending the senior managers and certification regime (SMCR) to all firms regulated by the FCA. All FCA regulated firms will need to comply with these rules from 9 December 2019, and with SMCR now on the horizon, both employers […]

Financial Services Matters: January 2019

By Richard Sandford, Louise Power, Andrew Beck, Rob Aberdein Welcome to the latest edition of Financial Services Matters, Walker Morris’ regular newsletter for Financial Services clients. Our round up of what’s going on in the courts, on the statute books and at the Regulators across the UK’s jurisdictions is brief, relevant, non-technical and light-hearted – your essential guide to all […]

New EU securitisation framework applicable from 1 January 2019

By Laurent Thailly, Fiona Schneider The long-awaited Securitisation Regulation (EU) No 2017/2402 of the European Parliament and of the Council of 12 December 2017 (the Securitisation Regulation) entered into force on 17 January 2018 and will apply directly in all Member States from 1 January 2019. The Securitisation Regulation marks a significant step towards the implementation of the European […]

Keeping it in the family: The vital role played by family offices

By Siobhan Riley, Victoria Connolly The Lancashire proverb “clogs to clogs in three generations” is, it seems, a universal one – “shirtsleeves to shirtsleeves” in America, “rice paddies to rice paddies” in Japan, “wealth never survives three generations” in China and in Scotland “The father buys, the son builds, the grandchild sells and his son […]

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