Funds

News

Gherkin

Revealed: The largest funds practices in the City

Kirkland & Ellis has the largest investment funds practice in the City and has expanded the group’s headcount more significantly than any of its competitors over the past 12 months, new data from The Lawyer has revealed. The report, which will be released on The Lawyer’s Signal channel next week, shows that Kirkland has a […]

Gherkin Kirkland

Kirkland targets funds rival Simpson Thacher for new hire

Kirkland & Ellis has raided rival private equity giant Simpson Thacher for funds specialist counsel Amy Fox. Fox, who joins as a partner, is now the fourth lawyer at senior associate or counsel level to join Kirkland as a partner so far this year and the sixth in less than 12 months. Fox’s clients include […]

Bishopsgate

Dentons funds partner exits for Paul Hastings

Paul Hastings has taken on the UK head of Dentons’ private funds practice, the latest lateral joiner for the US firm’s London office. Paul Hastings has hired investment funds lawyer Ted Craig, who spent about two years at Dentons. He previously spent more than five years at funds-focused outfit MJ Hudson; he was also a […]

Luxembourg

K&L Gates is the latest firm to launch in Luxembourg

K&L Gates has merged with Luxembourg boutique Volckrick & Associates, adding the country as its eighth location in Europe. Through the combination, a three-lawyer team of Volckrick & Associates has joined K&L Gates. Led by partner Mathieu Volckrick, the team focuses strongly on asset management, investment funds, real estate and private equity. Prior to setting […]

paris

Kirkland expands Paris office with new Willkie joiner

Kirkland & Ellis has hired a funds lawyer from Willkie Farr & Gallagher, in a practice area-first for the firm’s French operations. Willkie associate Raphaël Bloch is joining Kirkland as a partner in Paris. He has been at Willkie for over four years, joining the Paris team from King & Wood Mallesons and having trained […]

Analysis

The Formula for Success: EQ ≥ IQ

Why is a lawyer like a dentist? It’s not a trick question – both are professions where, in order to be successful, emotional intelligence is vital. A patient in need of root canal treatment will favour the dentist that welcomes them into the surgery and ensures they feel relaxed while the painful problem is treated. […]

Linklaters

Decline and stall: the clock is ticking for Linklaters’ finance team

In late 2019, Linklaters’ global head of banking Davide Mencacci left his base in Hong Kong to visit the London headquarters of the firm. It was a standard trip for a practice leader; catching up with fellow partners, updating management and shaking hands with clients. All seemed normal, but there was something brewing. Just a […]

Roundtable: Sins of the father reversed? Discussing Okpabi

Greek mythology, the Bible and Shakespeare all make much of the sins of the father being visited on the child. However, for parent companies at least, that may no longer be the case following the Supreme Court’s recent decision in Okpabi v Royal Dutch Shell. At The Lawyer’s latest roundtable, Stephenson Harwood partners Ed Davis […]

Roundtable: Talking digital strategy with Wolters Kluwer

As the end of the pandemic approaches, organisations are turning their attention away from the short term strategic thinking needed to weather lockdown and the return to the office and toward long term growth. Many of the factors and attitudes which have underpinned working life during the pandemic will be taken forward into the ‘new […]

Funds Briefings

Bermuda Economic Substance Amendment Act 2021

The Bermuda Economic Substance Amendment Act 2021 received Royal Assent on 30 June 2021. This Act amends Bermuda’s Economic Substance Act, 2018, to bring limited partnerships without separate legal personality and overseas partnerships into scope. Partnerships that are now in scope which are carrying out a specified relevant activity must be fully compliant with the economic substance requirements and associated regulations by 30 December 2021.

Capturing capital: how to succeed in an evolving environment

Catch up on the BVCA High Growth conference and the panel chaired by corporate partner Nina Searle on Tuesday 8 June. The panel comprised: Matthew Goldstein, Managing Director, M12 – Microsoft’s Venture Fund; Rob Moffatt, Partner, Balderton Capital; Namrata Turaga, Associate, Apple Tree Life Sciences; and Bao-Y Van Cong, Investment Director, Target Global. They discussed ‘Capturing capital: How to succeed in an evolving environment’ and explored the impact greater availability of international capital has had on the way we think about and define Series A to C investment rounds.

The impact of ESG investing on pensions

The impact of ESG investing on pensions has been phenomenal and will accelerate with the arrival of a UK taxonomy and mandatory disclosures on climate-related financial risks. This is the first in a series of podcasts by Cornwall Insight and TLT on green finance.

Cayman Islands Funds and Regulatory Update: Q2 2021

The second quarter of 2021 has been relatively quiet on the regulatory front in the Cayman Islands. As the year progresses we are approaching a number of key deadlines for investment funds and this briefing serves as a useful reference guide for upcoming deadlines, as well as an update of certain regulations and guidance issued over the last quarter.

Loan origination – CSSF guidance on private lending

On 15 June 2021, the Luxembourg Financial Sector Supervisory Authority updated its FAQs on the statuses of the Professionals of the Financial Sector by issuing clarifications on lending activities falling out of scope of the authorisation requirement, laid down by article 28-4 of the Law on Financial Sector.

Boosting African fintech investment

New regulations in the British Virgin Islands are transforming the offshore centre into an international fintech hub—and African companies could benefit.

AIM handbook for equity capital markets

The Equity Capital Markets Team at Gowling WLG has published its latest edition of the AIM Handbook. The 2021 edition of the handbook includes the latest version of the AIM Rules for Companies and for Nominated Advisers, the most recent Inside AIM publications, the updated Prospectus Regulation Rules Annexe and a consolidation version of the UK Market Abuse Regulation.

Sustainable investment: Jersey’s new anti-greenwashing disclosure requirements

The Jersey Financial Services Commission (JFSC) has published new disclosure requirements relating to sustainable investment. The requirements aim to address the risk of greenwashing (funds being mislabelled as having a sustainable objective) and will apply to certified funds, certain fund services businesses, Jersey private funds and investment advisers.

Navigating climate risk for asset managers

Managing climate risk, together with the ability to measure and disclose, has become a critical aspect for investment managers. Given the potential impact of physical and transitional climate-related risks on many portfolios and businesses, certain climate change assessments and reporting standards are increasingly being codified as regulatory requirements. In Hong Kong, the Securities and Futures Commission has proposed to amend the Fund Manager Code of Conduct requiring climate-related risks to be considered by fund managers.

Global registration services – Market update Q1 & Q2 2021

ESMA publishes its final report on marketing communications under the regulation on cross-border distribution of funds, AIFMD MoUs was signed by the EU authorities, the Financial Services Bill received royal assent, SIX Swiss Exchange regulations were revised, Singapore released new and revised regulatory forms and templates, and much more . . . .