Howard Kennedy breaks equity bottleneck with partner promotion

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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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Roland Foord

Former Ablyazov lawyer wins Stephenson Harwood senior partner race

Stephenson Harwood (SH) has elected a new senior partner after a contested vote, with litigator Roland Foord taking over for a five-year term on 1 May. He is set to replace Andrew Sutch, who is standing down after 10 years in the role. Foord was elected to the role after a partnership vote, with two […]

1

Baker & McKenzie pulls plug on San Diego base

Baker & McKenzie is to close its San Diego office at the end of the month with all fee-earners and staff losing their jobs. The firm said it is winding down its presence in the city as the base has ceased to be viable. Seven fee-earners and more than a dozen staff have been given […]

Thorpe LJ slates counsel in civil partnership settlement appeal

The Court of Appeal (CoA) has overturned a first instance decision to award an actor £1.7m following the break-up of his civil partnership to a City analyst. The ruling is believed to be the first reported civil partnership case. The CoA reduced the award to actor Donald Gallagher by £320,000. JPMorgan Asset Management analyst Peter […]

1

Cuatrecasas welcomes all partners into equity

Iberian firm Cuatrecasas Gonçalves Pereira is ditching its salaried partner rank and bringing all its partners into the equity. The decision was made at the firm’s partnership meeting last week, which also saw the promotion of five lawyers to partner. The restructure has already taken effect and the firm now has 210 equity partners. Some […]

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New York Bar bans lawyers from working in firms owned by non-lawyers

The New York Bar has banned lawyers in the state from becoming an employee of a firm in which non-lawyers hold a stake, effectively preventing UK firms with New York bases from seeking external investment. The ruling by New York State Bar Association (NYSBA), issued yesterday, applies to law firms in other states or outside […]

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