Dutch court rules that asking clients to share their personal banking security credentials is unlawful

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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 […]

Recommended

The many approaches to panel reviews

No two panel reviews are the same. And a couple of in-house teams that have unveiled new panels over the past week demonstrate this fact all too well. For starters, Dwr Cymru Welsh Water (better known as DCWW) overhauled its legal panel earlier this year. The utilities company categorised its panel into 11 separate lots, […]

Dentons

Dentons appoints White & Case EMEA strategic head as European COO

Dentons has hired White & Case’s EMEA director of strategic projects Richard Singer as its new European chief operating officer (COO). Singer will be based in Dentons’ Prague office and will report to European CEO Tomasz Dabrowski and global COO Orest Szot, who is based in Toronto. He replaces Peter Griffith, who stepped down from […]

Crackdown on pension liberation schemes welcome for exposing risks, says Eversheds

Claire Carroll, pensions litigation specialist and partner at Eversheds, has commented following news that several websites have been frozen as part of a campaign against pension liberation schemes run by the UK Pensions Regulator. Carroll said: ‘In our experience, pension liberation schemes present real headaches for all those involved in the member’s transfer request, be […]

Eversheds product liability expert comments on the advent of driverless cars on UK roads

The advent of driverless cars on UK public roads will make accident diagnosis increasingly difficult, according to Peter Shervington, product liability expert at Eversheds. He said: ‘The trend of shifting responsibility away from the motorist towards vehicle and parts manufacturers has a long history: the introduction of electronic engine management systems in the 1990s took […]

Khaitan & Co advises Hong Kong and Shanghai Banking Corporation on loan

Khaitan & Co has provided Indian legal advice to the Hong Kong and Shanghai Banking Corporation, Hong Kong branch. This was in relation to a $30m (£18m) term loan facility granted to the State Bank of India, Shanghai branch, for general corporate purposes. Partner Devidas Banerji represented the client on the transaction.

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