Herbies raises associate salaries 15 per cent

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Latest Briefings

Update on EC proposals to amend UCITS, AIFMD, EuVECA and ELTIF to facilitate cross-border distribution

On 12 March 2018, the European Commission issued a proposal for a new regulation (the Regulation) and a new directive (the Directive) concerning the cross-border distribution of collective investment funds amending inter alia UCITS (the UCITS Directive), AIFMD, EuVECA and EuSEF (the Proposals). Please find below a summary of the main changes under the Proposals. What will change under the Proposals?

MEES: What information is required to register an exemption?

By Maria Connolly Since 1 April, it has been unlawful for a landlord to let a property with an EPC rating of below E, unless an exemption has been registered on the PRS Exemptions Register. The government has released guidance on the evidence required to register an exemption on the PRS Exemptions Register…

Getting the Deal Through: Fund Management 2018, Luxembourg edition

Fund Management traces the regulatory and legislative obligations facing fund managers balancing the need to maximise investment returns whilst also ensuring adequate investor protections in an increasingly challenging regulatory environment. Topics are written by leading experts and include: authorities responsible for fund regulation; licensing processes; territorial scope of regulation; required authorisations of fund marketing activities; […]

Financial Regulatory News Updates – April 2018

The Financial Regulatory News Updates: an overview in which Loyens & Loeff’s Banking and Finance Practice Group highlights recent legislative developments and publications of supervisory authorities in the financial markets…

Dutch coal exit proposed by new draft bill

On 19 May 2018 the Minister of Economic Affairs and Climate Policy (hereinafter: ‘the Minister’) published its draft bill (in Dutch only) on the Prohibition of the use of coal by power producers for public consultation (hereinafter: ‘the draft bill’). The basis of the draft bill derives from international (the Paris Agreement in 2015) and national (the […]

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Charles Russell boosts private client with promotions

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Harper Macleod announces bumper year

•Scottish firm Harper Macleod has posted a turnover increase of more than 17 per cent, taking total revenue from £10.5m in 2005-06 to £12.2m last year. The average profit at the 39-partner firm has yet to be finalised, but is projected to be in the region of £250,000 off a net profit margin of around […]

Slaughters plays catch-up with new associate salaries

Slaughter and May has finally announced a pay hike for its associates, coming in just behind the majority of the magic circle. The long-anticipated announcement, the firm’s second in six months, sees Slaughters gift its newly qualified associates (NQs) a 5.8 per cent rise, taking base salary to £63,500 from where it stood at £60,000. […]

Another Freshfields partner departs

Freshfields Bruckhaus Deringer has lost a litigation partner in Frankfurt after Gunhild Schäfer was appointed a lawyer at the highest German civil law court. The German secretary of justice, the Bundesjustizministerium, has admitted Schäfer to the small group of lawyers allowed to represent clients at the top level, called the Bundesgerichtshof. The group currently numbers […]

CC scoops three private equity floats in a week

Clifford Chance acted on a trio of private equity exits last week, bringing all three public via flotation on the London Stock Exchange’s (LSE) main market. The first of the IPOs was longstanding Clifford Chance client Xchanging, an international provider of pure play business process outsourcing. Formed by private equity firm General Atlantic in 1999, […]

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