Herbies and Links advise on £3.3bn National Grid cash call

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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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A&O hit with £3.4m claim from erotic-fiction-writing former associate

Former Allen & Overy (A&O) Moscow-based senior associate Deidre Dare, who was sacked after she refused to stop publishing an online erotic novel, is claiming £3.4m in compensation over allegations of unfair dismissal and sexual discrimination. In a claim against the firm filed under the name of Deidre Clark she says: “I believe I was […]

Herbies and Slaughters lead on Prudential fundraising

Herbert Smith and Slaughter and May have taken lead roles on Prudential’s delayed $21bn (£14.6bn) rights issue, which will provide part funding for its acquisition of American International Group’s (AIG) Asian insurance arm AIA. A multi-jurisdictional Herbert Smith team is advising underwriters Credit Suisse, HSBC and JPMorgan Cazenove on the 11-for-two issue, which was launched […]

Lewis Silkin outsources litigation to New Zealand

LEWIS Silkin has begun outsourcing sophisticated disputes work to litigation partners at a law firm in New Zealand. The top 100 firm has given high-level sports and employment work to Minter Ellison, the Australian-headquartered firm that is carrying out outsourced work for UK firms (The Lawyer, 17 May 2010). In what could be a first for the […]

1

Great haul of China

After two-and-a-half years, the Sino-Global Legal Alliance still has no imitators. James Swift reviews its progress and asks whether it’s of any real value in the Chinese legal market It might sound very Zen, but the laws of legal business are not too different from the laws of nature, according to one China-based partner at […]

Nick Thomas

Kennedys reverses decision on banning bonuses

Kennedys is to pay bonuses at the financial year-end after telling lawyers last year that they would no longer receive the package. In March last year staff were told that the salary enhancement scheme would be abandoned at the 2009-10 year end in favour of a salary rise for all (30 March 2009). At the […]

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