In brief: Dibbs poaches KPMG accountant

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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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Electrifying deal

Freshfields has been appointed as the legal adviser to the Electricity Generating Authority of Thailand for phase one of the privatisation of its thermal power plants. Shares in the privatised power companies are expected to be floated initially on the Thai stock market in 1997. Freshfields will be coordinating the work from its office in […]

Fast track gets piloted after U-turn by Woolf

Lord Woolf has indicated that his proposed fast track for cases in the county courts will be piloted after all, despite his initial objections. Despite constant lobbying from the Law Society, the Legal Action Group, the Association of Personal Injury Lawyers and other professional bodies, neither Lord Woolf, nor the Lord Chancellor Lord Mackay had […]

'Crazy' accounting proposals will hit profit share schemes

Many companies will abandon employee profit-sharing schemes that pay bonuses in shares if they have to follow the Accounting Standards Board’s “crazy” new accounting proposals, say solicitors specialising in the schemes. Representatives of around 70 solicitors belonging to the Share Scheme Lawyers Group have written to the Accounting Standards Board asking it to scrap proposals […]

In brief: Survey shows split decision on elections

Barristers are divided over whether the Bar Council should emulate the Law Society and open up the election of its office holders to all barristers, not just members of the Bar Council. A survey of 1,345 barristers conducted by the Bar Council as part of its investigation into the accountability of the Bar’s ruling body, […]

In brief: Simmons helps out communities body

Simmons & Simmons undertook the legal work behind the setting-up of the Pan London Community Regeneration Consortium on a pro bono basis. The consortium helps voluntary organisations to form partnerships with public and private sector bodies to regenerate local communities. It is funded by the Single Regeneration Budget Challenge and will aim to improve the […]

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