Funds

News

Delphine Jaugey, Skadden team

Skadden hires funds trio from Debevoise

  We’ve just launched Partnerless, a new email specifically for associates. Sign up here for weekly career intelligence and market chatter. A dedicated secondaries team from Debevoise & Plimpton is moving across to Skadden to join its investment management group in London. Counsel Delphine Jaugey leads the team and will join as head of secondaries for Europe. […]

Kirkland, Gherkin

Ex-Macfarlanes partner moves over to Kirkland

Kirkland & Ellis is expanding its funds team in London, by hiring a former partner of Macfarlanes. Alex Amos joins Kirkland, having resigned from Macfarlanes’ partnership at the start of 2023. Since then he has acted as a senior adviser at the firm. He was promoted to partnership in 2012. Kirkland chairman Jon Ballis said: […]

Frankfurt, Germany

Arendt opens first German office in expansion drive

Funds-focused Euro 100 firm Arendt & Medernach has opened its first German office with the firm seeking to make in-roads into Frankfurt’s myriad financial institutions as well as the European Central Bank. The firm announced it would be opening in the German financial centre, though its new office will not offer German law capabilities. Instead […]

Bishopsgate

Freshfields hires Akin partner for long-sought funds strength

In a bid to build out a dedicated funds offering, Freshfields Bruckhaus Deringer has hired a new partner to kickstart the City practice. Mary Lavelle makes the move to the magic circle firm from Akin Gump Strauss Hauer & Feld. At Freshfields she becomes its global co-head of the firm’s private funds and secondaries group […]

Paris Eiffel Tower

Benelux firm plumps for Paris for slice of global funds market

Luxembourg-headquartered funds firm Elvinger Hoss Prussen has expanded its European presence for the first time with a new office opening. The firm has launched an outfit in Paris as it seeks opportunities amid the French capital’s growing importance to the global funds market. The new Paris office opened its doors in late July, with a […]

Analysis

2024’s newest silks: Why we chose a career in law

A solicitor-turned-barrister and the Bar’s newest doctor KC; The Lawyer speaks to six of the Bar’s newest silks. The group was announced as KCs-in-waiting earlier this year, with 95 barristers in total getting the nod. Among the 95 were Crucible Law’s Clea Topolski – who having been called in 2014 – is the most junior of the set. […]

Ministry of Justice

Legal industry clashes over Government’s vow to reverse PACCAR

Litigation funders, defendant lawyers and claimant lawyers are divided over Lord Chancellor Alex Chalk KC’s plans to introduce a new law to reverse the Supreme Court’s PACCAR ruling last July, which ruled many litigation funding agreements (LFAs) unenforceable. The Government said it is also considering options for a wider review of the sector and how third-party litigation […]

Funds Briefings

The FCA delivers its most aggressive strategy yet

In April 2022 the FCA launched a three-year strategy (Strategy 2022 to 2025) (Strategy), in the hope of delivering better outcomes, and its 2022/23 Business Plan. In this Insight, Sushil Kuner, a Principal Associate in the Financial Services Regulatory team, summarises the key themes of the Strategy, highlighting how the FCA’s approach appears to be its most aggressive yet.

IOSCO reaffirms its 2013 ETF Principles and consults on good practices

The IOSCO consultation report, published on 6 April 2022, represents the output of a five-year long collaboration between regulators of major global ETF domiciles focussed on two broad themes, namely the effective functioning of the primary market and appropriate disclosure to investors, and is set against the backdrop of significant ETF growth, in-depth market studies and stress events.

Snapshot: witnessing Powers of Attorney via electronic means in Jersey

Powers of Attorney (PoA) are commonly used in private equity transactions due to the operational efficiencies they can create. In the funds context, one such operational efficiency is often realised in the subscription agreement further to which a PoA is typically granted by each investor in favour of the general partner (or any other nominated party).

Mergers, consolidations and schemes of arrangement in the Cayman Islands

This publication has been prepared for the assistance of those who considering mergers, consolidations or schemes of arrangement for or between Cayman Islands companies or between Cayman Islands companies and foreign companies as well as takeovers of Cayman Islands companies. It outlines in broad terms the differences of each process and the general requirements for each under Cayman Islands law.

Asset Management & Investment Funds Update – March 2022

This month’s edition looks at: • Dates & Deadlines: Q4 ’21 / Q1 ’22 • EU Sanctions in response to situation in Ukraine • Central Bank 2022 Supervisory Priorities • Inducements Ban for all Retail Investment Product • ESMA Opinion on MMFR Review • ESMA CSA on MiFID Costs and Charges

EU sanctions: asset freezes and capital markets access restrictions

To date in 2022, the EU has adopted four sanctions packages in response to the developing situation in Ukraine (2022 Sanctions Packages). Each of the 2022 Sanctions Packages includes one or more directly effective EU Regulations which introduce new, or amend existing (in place since 2014), EU sanctions regimes. Our briefing on the first package of EU sanctions is available here.

Luxembourg Corporate: unregulated securitisation vehicles

With over 1,000 securitisation vehicles (SVs) and thousands of related compartments, the Luxembourg securitisation market has enjoyed a continuous and steady growth. It is also forecast that this well-established trend will continue to gain further strength in the coming years.

ESMA guidance on funds’ marketing communications

From 2 February 2022, Irish-authorised UCITS management companies and AIFMs must ensure that marketing communications published in respect of UCITS and alternative investment funds comply with the ESMA Guidelines on Marketing Communications under the Regulation on Cross-Border Distribution of Funds.