Holiday pay to include commission

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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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Sing sing sing

Blame Gareth Malone. The legal profession’s first ever choral competition, Legal Harmony, is taking place in Southwark Cathedral this week. Competing for the ultimate prize, and raising money for their own charities, are Devonshires, Kingsley Napley, Norton Rose Fulbright, Sidley Austin, Travers Smith, Wragge Lawrence Graham and 23 Essex Street. Read some of the choir […]

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Ashurst boosts trainee and NQ pay following two-year pay freeze

Ashurst has broken its two-year pay freeze for London-based trainees and newly-qualified lawyers, upping its junior pay bands by up to 3.3 per cent. First-year trainees have been gifted a 2.6 per cent pay rise from £38,000 to £39,000, while second-year trainees saw their salaries bumped up 2.3 per cent from £43,000 to £44,000. Newly-qualified […]

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Debevoise snubs City for fourth year running in eight-strong promos round

Debevoise & Plimpton has added eight lawyers to its partnership, with almost all of those made up in its New York headquarters.  The firm has made up no partners in London for the fourth year running. The last person to be promoted in the City was litigation partner Sophie Lamb in 2010.  However the office […]

Heineken
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Pinsents and Eversheds emerge as frontrunners in Heineken sole adviser race

Heineken is expected to hand its new sole advisory mandate to either Eversheds or Pinsent Masons but neither CMS Cameron McKenna nor Freshfields Bruckhaus Deringer are expected to be invited to tender for the contract. The drinks giant, which posted £1.3bn in annual revenues for 2013 and owns brands including Bulmers, Fosters and Kronenburg, is gearing up […]

Europcar
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Pinsent Masons usurps Slaughters on Europcar refinancing mandate

Slaughter and May lost out on the mandate to advise client Europcar on the £500m refinancing of its UK business, with the car rental giant turning instead to Pinsent Masons on the deal. Pinsent Masons finance partner Edward Sunderland in Birmingham and London-based Martin Bishop will lead on the £500m asset refinancing, which will allow Europcar […]

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