Postcard from… São Paulo

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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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Tulkinghorn: Get wiggy with it

Since the beginning of 2008, solicitor-advocates have enjoyed similar wig-wearing status as their barrister counterparts. The change was supposed to stop the new chaps on the court block from being identifiably different from the rest of the legal in-crowd and to do away with what the former Law Society president Andrew Holroyd called “an unjustified […]

Pound weakness helps Lovells report turnover rise of 11 per cent

The massive impact of sterling’s decline against the euro and the dollar has helped bolster Lovells’ 2008-09 financial results, with the firm posting a rise in revenue of 11 per cent over the past financial year. Having reported a turnover figure of £479m at the end of the 2007-08 financial year, the 11 per cent […]

Watson Burton risks rebellion with elite equity level

WATSON Burton is overhauling its equity partnership less than a year after it restructured its remuneration system. The Newcastle­headquartered firm is implementing an enhanced remuneration level that just seven partners – including senior partner Rob Langley and managing partner Gillian Hall – will be members of. The move comes after The Lawyer reported that the firm had opened up its […]

Napier steps down from LSB after probe

Irwin Mitchell senior partner Michael Napier has resigned from the Legal Services Board (LSB) after the Solicitors Regulation Authority (SRA) reopened an investigation into him and the firm. Irwin Mitchell had failed in its attempts to prevent satirical magazine Private Eye from publishing details of the complaint. The Ministry of Justice said last Thursday (28 […]

Carmelite duo hit by MP expenses scandal

Two of the MPs embroiled in the expenses scandal are barristers practising with the same chambers. Robert Marshall-Andrews QC, MP for Medway, and Douglas Hogg QC, MP for Sleaford and North Hykeham, are both silks with Carmelite Chambers. Labour MP Marshall-Andrews claimed expenses on a second home despite having a house just 10 miles from Parliament. He specialises […]

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