Profits fall at Davis Polk and Skadden

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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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Skadden in shake-up of London groups

US firm Skadden Arps Slate Meagher & Flom has launched a number of ­practice groups in London in a bid to insulate its ­business against changing market conditions. The four new groups, which will utilise lawyers from existing practices in London, are tax controversy, financial services, investment funds ;and ;corporate ­investigations. European ;managing ­partner Bruce […]

Postcard from… Sofia

Until adverts for cheap real estate flooded the British press, I suspect that I was not alone in associating Bulgaria with umbrellas. I’m told that Waterloo Bridge remains on the itinerary of many Bulgarians visiting London. Until advertisements for cheap real estate flooded the British press, I suspect that I was not alone in associating […]

Sumption’s gumption

11.28amThe House of Lords will see more silks than a Milanese fashion boutique this week, and professional negligence lawyers and third party funders will be watching the contest closely. 12 February, 11.28am The House of Lords will see more silks than a Milanese fashion boutique this week, and professional negligence lawyers and third party funders […]

Mishcon offers Smarta online advice

Mishcon de Reya has signed up to a legal advice helpline, with two of its lawyers giving advice via online business support site Smarta. It marks a change of direction for the West End firm, which has a large ­private client and litigation client base. Managing partner Kevin Gold said partner Nick Davis had originally […]

Clarke Willmott makes social housing hire

Clarke Willmott has boosted its social housing group by recruiting Ann Hayward, an Eversheds partner of 16 years. She joins the firm as a specialist consultant on social housing finance. It is Clarke Willmott’s second major hire of 2009. Last month the Birmingham-headquartered firm recruited Bevan Brittan head of tax Christine McElroy as a partner. […]

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