O’Melveny shows return to form on PEP with 13 per cent hike

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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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Philip Morris turns to Kraft as general counsel resigns

International cigarette and tobacco company Philip Morris International has appointed Kraft Foods general counsel Marc Firestone to head its legal department as current general counsel David Bernick resigns. Firestone has been the executive vice president, corporate and legal affairs and general counsel of Kraft Foods since 2006. During his tenure, he oversaw the US food […]

Allen & Overy, Cleary and White & Case lead on £110bn Greek bailout

Allen & Overy (A&O), Cleary Gottlieb Steen & Hamilton and White & Case all took roles advising on Greece’s £110bn bailout. The £110bn bailout was agreed yesterday by eurozone leaders and is expected to trigger large protests across the country. Under the terms of the agreement Greece must cut its debt from 160 per cent […]

US firm Sidley hires Linklaters partner for City team

Sidley Austin has hired Linklaters partner Stephen Blackshaw for its City corporate practice. Blackshaw was based in the magic circle firm’s Amsterdam office before transferring to London in 2003 and is now set to join the US firm. Sidley London managing partner Drew Scott said Blackshaw’s arrival date had not been confirmed and declined to […]

Dundas & Wilson, London office
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Dundas to cut partners and staff to ‘reflect business needs’

Dundas & Wilson is preparing for a round of staff job cuts and is also expected to slash partner numbers after assessing what a spokesperson termed “the nature and level of demand for its services”. Staff at the firm were told yesterday whether they were part of the redundancy pool and, according to sources close […]

BLP ponders future of Lawyers on Demand business

Berwin Leighton Paisner (BLP) is discussing whether to spin off its Lawyers on Demand (LoD) service as the business goes through ‘its adolescence’. According to BLP partner Simon Harper, who co-founded the business with Jonathan Brenner, the firm is discussing whether to spin off the business or keep it as part of BLP. Harper said […]

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