Funds

News

Gherkin Kirkland

Kirkland makes double funds hire

Kirkland has added two associates as partners from Fried Frank Shriver & Jacobson and Simpson Thacher & Bartlett in its City funds practice. Charles Cooper-Isow is a private equity associate, having been at Fried Frank since 2016. Qualifying in the same year in England and Wales, Cooper-Isow has six years’ post-qualification experience (PQE). He joins […]

London

White & Case funds partner exits for Mayer Brown

Mayer Brown has recruited White & Case’s head of its London funds and investment management practice. Matthew Griffin joined White & Case in 2014 as a partner in its global mergers and acquisitions and corporate practice. Previously, Griffin was an international counsel at Debevoise & Plimpton. He joins Mayer Brown as a partner in its corporate and […]

gherkin london

Kirkland adds funds partner from Akin Gump

Kirkland & Ellis is strengthening the secondaries element of its London investment funds practice with the hire of a partner from Akin Gump Strauss Hauer & Feld. Partner Aleksander Bakic has joined Kirkland after three years at Akin Gump. He was previously at O’Melveny & Myers and advises private equity fund sponsors across multiple alternative […]

Gherkin Kirkland

Kirkland adds first London partner of 2022

Kirkland & Ellis has hired a new London partner to boost its regulatory ranks. The US firm has taken on James Roslington, who was most recently director of operations at Libya-Analysis, a consulting company focused on the country that specialises in sectors including maritime security, oil and energy. As part of the firm’s investment funds […]

gherkin london

Kirkland funds partner moves to in-house role

A Kirkland & Ellis investment funds partner has moved to an in-house role at New York-based investment manager Pretium. Tana Wilner is to assume the role of vice president of legal and compliance at Pretium next week. In a statement, the fund manager said Wilner “will play an important role in supporting and growing our […]

Analysis

Warsaw Poland

A postcard from Warsaw: Big-ticket deals, but worries for the future

On a June day in 2022, The Lawyer visited several of Warsaw’s top international firms to see how this apparently thriving market is holding up four months after the launch of a war on its neighbour, Ukraine. What impact has the dramatic events of the past few months had on the city, its legal services […]

High Court

Chambers face comms shake-up to avoid contempt of court

Chambers across the Inns are considering how to publicise judgments after the Master of the Rolls, Mr Justice Vos, warned embargo-breaks could see sets being held in contempt of court. The Lawyer understands that many are actively tightening up their internal and external communication policies following a stern warning from Mr Justice Vos back in […]

‘Even pariahs have rights’

When the Conservative MP Bob Seely told the House of Commons that the legal system had become “corrupted” by “amoral” lawyers acting for Russian oligarch clients, it was not surprising that the President of the Law Society launched a robust defence of the profession: “It’s the job of solicitors to represent their clients, whoever they […]

Clouds sky

How law firms react to death

Earlier this year, Cleary Gottlieb Steen & Hamilton’s London office faced an unexpected and upsetting tragedy: the sudden death of one of its junior lawyers. In reaction to the associate’s passing, whom The Lawyer has chosen not to name, the US firm quickly introduced in-person counselling plus further remote follow-up sessions with an external chartered […]

trading money

Fresh capital: there’s a lot riding on the new listings regime

Many in the City feared that IPO activity would stall after Brexit. For high growth technology companies seeking investment, a listing in Germany or Amsterdam seemed more appealing. However, not to be outdone, the Financial Conduct Authority (FCA) last year revealed a series of rule changes for the listing regime, in what was welcome news […]

Revealed: The Top 10 Appeals of 2022

Earlier this month The Lawyer revealed its Top 20 Cases of 2022, featuring a whole host of cases set for trial. However, there’s also plenty of action to be had in the Court of Appeal and Supreme Court, involving the likes of New Look, SKAT and Picturehouse Cinemas. Here are The Lawyer’s top 10 appeals of […]

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.