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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

Protecting rights of design

The design provisions of the Copyright Designs and Patents Act 1988 for settlement of “licence of right” by the comptroller general of patents in the absence of agreement between the parties has just been put to the test for the first time. And the outcome is one that intellectual property law experts at Nabarro Nathanson, […]

In brief: Anton Pillar rule-breaker to pay £2,500

Blackburn sole practitioner Bushra Anwar was ordered to pay a former client £2,500 compensation, plus costs last week after breaching the Anton Piller rules to recover a £3,500 debt. At Manchester High Court, Justice Michael Sachs said Anwar’s conduct was “very serious contempt”. He told Anwar: “No solicitor should behave like this. This was outrageous, […]

Bar Council to cross swords with Labour over reforms

Shadow Lord Chancellor Lord Irvine of Lairg was expected to warn barristers not to expect favours from a Labour government at the Bar Council conference at the weekend. Labour, which holds its conference in Blackpool this week, has said it will refer the legal profession to the Monopolies and Mergers Commission to investigate the Bar […]

Consultancies create transatlantic alliance

Two legal consultancies have formed an alliance to create the first transatlantic practice for law firms and in-house legal teams. London’s Hodgart Temporal and America’s Altman Weil Pensa Inc, which between them have offices in England and the US, and contacts in Australasia and Europe, are hoping the alliance will lead to an official merger […]

In brief: Manches & Co puts end to BCCI battle

The five-year legal battle by 2,000 former BCCI employees, mainly represented by Manches & Co, has ended after the firm secured $70m in return for fees estimated at just under £1m. The BCCI Campaign Committee will pay the legal costs of four firms it has employed since 1991 out of the settlement made by the […]

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