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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

Tax lawyers attack shadow ACT rules

The Inland Revenue’s proposals for “shadow” Advance Corporation Tax (ACT) are overcomplicated and are likely to give rise to litigation, according to Francis Sandison, the Law Society’s tax expert. The society’s corporate tax sub-committee, chaired by Sandison, submitted its criticisms to the Inland Revenue last week. Sandison, a Freshfields partner, said that parts of the […]

Listed building VAT decision

Mr Justice Moses has ordered that a VAT tribunal decision that VAT was not due on the bill for repairs to a Grade II listed building following severe fire damage should now be reconsidered by a freshly constituted tribunal. His order follows an appeal by Customs and Excise against the decision of Malcolm Palmer, chairman […]

In brief: Lester Aldridge revamps its management

Twenty-eight partner Bournemouth practice Lester Aldridge has introduced a radical management structure. The firm has set up a management board with a majority of non-solicitor members who include newly appointed director of sales and marketing Louis Greenblatt, pictured above left with managing partner Barry Glazier. The firm has also closed its two-lawyer Poole office.

Fined Streeter left partnership in May

Tory shadow cabinet member Gary Streeter, who was fined £1,000 last week for professional misconduct, resigned from the partnership at Foot & Bowden in May, it has emerged. Streeter, who joined the partnership at the Plymouth firm in 1984, has now become a consultant. Both Streeter and the firm said the decision was prompted by […]

London solicitor jailed for bribes

A London solicitor who bribed an Inland Revenue official to help him track down his clients’ debtors has been jailed for two-and-a-half years. At the Old Bailey on 10 July, John Cornillie admitted conspiracy to bribe a public officer and cheating the Inland Revenue of £11,265 by giving untaxed money to staff at his firm, […]

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