Funds

News

Akin Gump brings in fifth O’Melveny lawyer this year

O’Melveny & Myers have lost two lawyers in London today, as merger negotiations with Allen & Overy continue to provide uncertainty for those still at the US firm. Jonathan Blake, a senior funds consultant, and Karen Ireland, a finance and capital markets counsel, have resigned from the firm and are the most recent in a […]

Hyundai Heavy Industries new international general counsel

Addleshaws and Weil Gotshal lead on Abraaj funds sale

A raft of firms including Addleshaw Goddard, DLA Piper, Weil Gotshal & Manges and Debevoise & Plimpton have scored roles on Actis’s acquisition of stakes in the Middle East’s former biggest buyout firm, Abraaj. Following Albraaj’s filing for provisional liquidation in the Cayman Islands in June 2018, it underwent a complicated unwinding process after a […]

Offices

Ex-Kirkland partner takes on funds role at Sidley Austin

Sidley Austin has rejuvenated its funds department with a new partner hire, following the exit of three of its members to Dechert in quick succession. The general counsel of Campbell Lutyens, Mateja Maher, is to join Sidley Austin’s investment funds group having moved in-house four years ago. Campbell Lutyens is a private equity advisory firm […]

O’Melveny duo reunited with Akin funds team

Two O’Melveny & Myers lawyers, including partner John Daghlian, have moved across to join their former colleagues at Akin Gump Strauss Hauer & Feld. Funds veteran Daghlian and counsel Mary Lavelle, who joins Akin Gump as a partner, have been reunited with Aleksander Bakic and Daniel Quinn, who joined Akin Gump in March this year. […]

Analysis

Loans

After Burford, litigation funders need a healthy dose of transparency

Litigation funders live and breathe disputes, but this was not the sort of dispute Burford Capital was used to. On August 8, Burford’s share price plunged 66 per cent after a ferocious attack from San Francisco-based hedge fund Muddy Waters, whose founder Carson Black questioned the accuracy of the funders accounting practices. Black described the […]

Funds Briefings

Alternative Investment Funds 2019 – Portugal

By Pedro Simões Coelho, Inês Moreira dos Santos What legislation governs the establishment and operation of Alternative Investment Funds? The activity involving the management, investment and marketing of Alternative Investment Funds (AIFs) is mainly regulated by the Undertakings for Collective Investment Law (Regime Geral dos Organismos de Investimento Coletivo), enacted by Law no. 16/2015 of […]

Alternative Investment Funds 2019 – Angola

By Pedro Simões Coelho, Carlos Filipe Couto  The activity involving the management, investment and marketing of Alternative Investment Funds (AIFs) is mainly regulated by the Undertakings for Collective Investment Law (Regime Jurídico dos Organismos de Investimento Coletivo), enacted by Presidential Legislative Decree no. 7/13, of 11 October (UCI Law). Law no. 10/15, of 30 June […]

Alternative Investment Funds 2019 – Mozambique

By Pedro Simões Coelho, Carlos Filipe Couto What legislation governs the establishment and operation of Alternative Investment Funds? Activity involving the management, investment and marketing of Alternative Investment Funds (AIFs) is mainly regulated by: the Undertakings for Collective Investment Law, enacted by Decree no. 54/99 of 8 September 1999 and amended by Decree no. 36/2005 […]

Recovering debts in a post Brexit Britain

By Paula Swain, Jason Byrne and Andrew Foyle This article looks at the possible impact for Credit Managers on our upcoming exit from the EU, and how they will recover debts from EU customers. Current Position Suppliers of goods and services to the EU will, in most cases, include a clause in their contracts dealing […]

Private equity in Northern Ireland: what should you consider?

By Andrew Jennings Global and domestic private equity funds have been increasingly active across Ireland in recent years, a trend that is expected to continue. In Northern Ireland, recent reports  suggest the number of early-stage private equity investments and buyouts is up in the first half of 2019 even as overall M&A deal value has […]

Luxembourg financial sector launches online portal for Brexit notifications

By Rebecca Mace-Balebs On 2 August 2019, the Luxembourg Supervisory Authority of the Financial Sector (CSSF) published press release 19/41 in respect of the opening of its online portal, eDesk, for the purpose of mandatory notifications in the context of Brexit. In its previous press releases (19/33 and 19/34), the CSSF announced that: firms licensed […]

Serbia tops global greenfield FDI performance index

By Petar Mitrovic, Dragan Karanovic Serbia achieved the top spot at the Greenfield FDI Performance Index for 2019 – fDi Intelligence, a Financial Times data division, placed Serbia as a number one in its annual Greenfield FDI Performance Index study. The Study, which looks at inbound greenfield investment in 2018 relative to the size of […]

Can settlement agreements be regulated credit agreements? High court decides

By Emily Morton Can settlement agreements be regulated credit agreements, and are lenders at risk of falling foul of the provisions of the Consumer Credit Act 1974 (CCA)? In CFL Finance Ltd v Bass & Others [2019] EWHC 1839 (Ch) the Court looked into whether settlement agreements need to comply with the CCA, and whether their […]

Spotlight on automotive industry: Introduction to the series and financing

By Miriam Simsa, Soňa Hekelová By outsourcing production of major parts of car components, carmakers have also outsourced a substantial amount of their financing needs and associated risks to their suppliers. Still, despite rather slim margins, the prospect of a fairly stable cash flow over a number of years has made the automotive supplier business […]

New rules for Canadian retail payments on way

By Jeffrey Roode In its budget released in March, the Canadian federal government confirmed that it plans to introduce legislation in 2019 to implement a new retail payments oversight framework.  It is proposed that the Bank of Canada will would oversee this regulatory framework. This is a significant development as it will mean that a […]

CIMA publishes regulatory policy on Licensing Requirements for Class C Insurance Companies

By Derek Stenson, Delia McMahon The Cayman Islands Monetary Authority (“CIMA”) published a new Regulatory Policy (“Regulatory Policy”) in May 2019 detailing the regulatory criteria applicable to applications for the granting of Class C insurance company licenses. The Regulatory Policy will be applied by CIMA in addition to the relevant provisions of the Insurance Law, 2010 (the “Law”) […]

The Singapore Convention – A Funder’s Perspective

Augusta’s International Arbitration Investment Manager Scheherazade Dubash writes about the recently signed United Nations Singapore Convention on Mediation. The Singapore Convention – A Funder’s Perspective In 1958 the United Nations forever changed the way the world perceived international arbitration with the advent of the Convention on the Recognition and Enforcement of Foreign Arbitral Awards – […]

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