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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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Broker serves Lloyd's writ

LONDON firm Memery Crystal is acting for John Donner, the retired Lloyd’s broker and underwriter, in a major legal action against the Society of Lloyd’s and nine senior individuals in the market. A writ has been served claiming breach of fiduciary duty. The action is based on a series of detailed allegations by Donner of […]

Expert to Eversheds Birmingham

Eversheds has appointed 30-year-old Peter Owen as its information technology director for its Birmingham office. Part of Owen’s remit will be to link all fee earners and support staff enabling them to tap into the expertise of approximately 1,700 staff spread throughout the country. He will also be part of Eversheds national IT steering committee, […]

Mackay to tackle appeal backlog

LORD Mackay is considering an increase in the number of Appeal Court judges in response to a damning report on court delays by Sir Thomas Bingham. The Master of the Rolls’ review of the Civil Division’s legal year has prompted the Lord Chancellor to bring forward a planned review of judicial strength in the Appeal […]

In brief: Deadlock over Which? survey

The Consumers Association and the Law Society are yet to resolve their differences over September’s Which? survey into the quality and cost of legal advice. The association has threatened Chancery Lane with legal action if it does not retract its allegations that the research conducted by Which? was shoddy. “Our current situation is that we […]

On the trail of the fraudsters

Whether as a witness of fact or as an expert witness, an accountant can be a valuable member of the litigation team. However, concern has been voiced recently that the use of expert witnesses has led to judicial delay and expense. It has also been suggested that some experts have failed to maintain their independence […]

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