Firm profile: Clarke Willmott

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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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A&O billings inch upward

Allen & Overy (A&O) is set to post provisional billings of £649m, a slight increase on last year’s revenues of £647m. As with most top 10 City firms, profits are expected to be down on last year’s £675,000 per equity partner. According to an internal memo, A&O is also expecting to pay out its annual […]

Law Society considers training contract shake-up

The Law Society’s council has given the green light to a plan that could spell the end of the two-year training contract period for trainees solicitors. At the council’s quarterly meeting, convened last week, a draft statement on the long-running Training Framework Review, begun in 2001, was approved, which aims to bring flexibility into the […]

BSN wins seat on Law Society Council

The Law Society Council last week approved the allocation of a seat to the Black Solicitors Network (BSN). The seat, one of three held in reserve, will be filled after an election on 16 September. An overwhelming majority of council members voted in favour of the application. It is hoped that the seat will help […]

Hearsay

Which magic circle partner drunkenly stole a taxi in Hong Kong to drive home, thereby provoking a city-wide manhunt? Which female City partner regularly uses male prostitutes?

Freshfields sucked into Iraqi row over Saddam’s lost gold

Magic circle firm sidelined on Oil for Food probe as Coalition Provisional Authority demands US advisers Freshfields Bruckhaus Deringer’s investigation into corruption during the Oil for Food Programme in Iraq has ground to a halt after the firm has become embroiled in a political furore between the country’s two rival authorities. In an extraordinary move, […]

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