Lovells’ new Dubai head heralds rejig

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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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PwC calls on SJ Berwin for Baugur administration

SJ Berwin has won a choice instruction from PwC administrators Tony Lomas and Zelf Hussain, who have been asked to take control of Icelandic investment group Baugur. SJ Berwin for Baugur administration” />SJ Berwin has won a choice instruction from PricewaterhouseCoopers (PwC) administrators Tony Lomas and Zelf Hussain, who have been asked to take control […]

Harbottle brings employment ace on board

Harbottle & Lewis has hired rated employment expert Howard Hymanson from Blake Lapthorn. Hymanson joins as co-head of the employment department, leading the group with Marian Derham. He is the external lawyer of choice for Gillian Switalski, an ex-employee of F&C Asset Management who is claiming £19m compensation for workplace sex ­discrimination. Hymanson’s practice focuses […]

Baker Botts breaks $600m with year-end results

Baker Botts has reported a 6.16 per cent increase in global revenue for the past financial year. The Texas-headquartered firm grew revenue from $577.7m in 2007 up to $613.3m in 2008. Baker Botts also grew average profit per equity partner (PEP) by 4.6 per cent from $1.3m up to $1.36m in 2008. The past year […]

Norton Rose banking head to be next chair

Norton Rose has handed banking head Stephen Parish the role of chairman following a contested election. Norton Rose banking head to be next chair” />Norton Rose has handed banking head Stephen Parish (pictured) the role of chairman following a contested election. Parish beat Middle East managing partner Campbell Steedman in a partnership vote, and will […]

Dechert cuts 19 lawyers in the US

Dechert has announced that it is laying off 19 lawyers across its US network of offices. In a statement today a Dechert spokeswoman confirmed: “The firm is laying off 19 lawyers in the US, primarily due to a reduction in demand that has affected most if not all of the legal industry.” The lawyers are […]

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