In brief: Law Society votes to go on the record

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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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In brief: Lowe gets Society's seal of approval

Veronica Lowe’s record as head of the beleaguered Solicitors Complaints Bureau was applauded by the Law Society Council on Thursday. Lowe stood down from her post as head of the bureau at the end of October and will leave the Law Society at the end of the year. Paul Pharaoh, chair of the adjudication and […]

NY firm shuts down

New York has witnessed another dissolution with established general practice Townley & Updike announcing plans to close its doors at the end of the year. The 20-member partnership, due to vote on a draft plan for dissolution last week, had failed in its attempts to secure mergers with Coudert Brothers and Winthrop, Stimson, Putnam & […]

…but it also costs

The financial difficulties facing small law firms in the UK was revealed in the end of year profitability study by consultants Grant Thornton. The survey backs up the findings of The Lawyer/Coopers & Lybrand study earlier this year which sounded alarm bells for smaller practices. With partners earning around £23,000 in one in four small […]

Bid farewell to Temple

BEFORE moving to Holborn Chambers a year ago, 3 Kings Bench Walk was experiencing the normal remuneration and payment delays expected in a criminal/common law set predominantly reliant on legally aided work. In addition, the Inn’s rents were being raised to market levels, and remained there while market levels dropped. Increasing uncertainties at the Bar […]

Responsibility for 'administering' justice

The Lord Chancellors’ Department and the Home Office are set for a confrontation with magistrates court administrators over proposals for changes in magistrates court enforcement procedures (The Lawyer 12 December). Mr Justice Popplewell has given leave for judicial review to be sought of plans for a shift of responsibility in respect of enforcement work. The […]

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