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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 […]

Recommended

Government approves new conflict rules

The government has finally approved the Law Society’s new conflicts of interest rules, nearly a year after they were drafted. The rules, clarifying what solicitors must do in cases of conflicts of interest and with regard to confidentiality and disclosure, prompted a barrage of criticism when they were published in June 2005. The proposals were […]

Carrefour fined in China piracy case

In the first high-profile piracy dispute between two Western companies in China, a Shanghai court has fined French retailer Carrefour £25,000 for selling fake Louis Vuitton handbags. At fault was Carrefour’s supplier policy, which the company’s central management had delegated to individual branch supervisors. The judge blasted the procedure, criticising it for being so lax […]

Labour pay?

The fight over the Parliamentary Ombudsman’s findings regarding the Government’s misleading advice to pensioners is set to continue – and Europe is the next battleground. David Gallagher reports On 14 March this year, the Parliamentary Ombudsman Ann Abraham delivered her report ‘Trusting the Pensions Promise’ on her investigations into allegations that the Government and government-sponsored […]

Townsend picks Tokyo for first overseas foray

San Francisco-based IP firm Townsend and Townsend and Crew has opened an office in Tokyo. The move represents the first international expansion in the nearly 150-year history of the firm. The office, which will be known as Townsend IP Law, is led by special counsel Hitoshi Akiba, a Japanese patent lawyer and member of the […]

DLA Piper finalises Aussie alliance

Longtime collaborators DLA Piper Rudnick Gray Cary and Phillips Fox are set to formalise their relationship. DLA Piper is in advanced talks with the Australian firm to form an alliance. The two firms already refer work to each other. DLA Piper joint chief executive Nigel Knowles told The Lawyer: “Phillips Foxhas been known to us […]

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