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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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DLA Piper poaches Orrick Milan team

DLA Piper poaches Orrick Milan team” />DLA Piper Rudnick Gray Cary has raided Orrick Herrington & Sutcliffe‘s Milan office, scooping a six-lawyer team as part of a nationwide recruitment push. This raid is the latest move among two firms that have become close rivals as their expansionist ways have clashed. The firms are involved in […]

Bankrupt Delta Airlines pays out

Davis Polk & Wardwell is proving to be the top earner from Delta Air Lines ongoing Chapter 11 bankruptcy proceedings. The New York-based firm has netted $10.3m (£5.59m) in fees and $603,539 (£327,000) in expenses after a bankruptcy court judge approved the payment for just four-and-a-half months’ work. The Davis Polk team, led by partners […]

Wham! bam, thank you man

Tulkinghorn’s scribes were delighted to be guests of DLA Piper Rudnick Gray Cary and Lovells at the annual property industry karaoke night, Party Near the Park. DLA Piper head of property David Taylor did his best impression of the firm’s Man in Havana, donning a natty mustard safari suit, although he blew the effect somewhat […]

Sports firm spawned from Hill Dickinson

Hill Dickinson has lost one of its top sports lawyers. Partner Chris Farnell has left the firm to set up his own sports and media boutique. Assistant Paul Fletcher went with Farnell and becomes a partner in the new firm, which is called IPS Law. Farnell said that the time was right to start a […]

Ashurst numbers show an odd result

Ashurst partners will be breathing a sigh of relief this week. The firm’s financials – on profit at least – are strong. Average profit per equity partner (PEP) is up 23 per cent to £701,000. It had been a disappointing couple of years for the silver circle firm, which last year only managed 13th position […]

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