Loan origination – CSSF guidance on private lending

On 15 June 2021, the Luxembourg Financial Sector Supervisory Authority updated its FAQs on the statuses of the Professionals of the Financial Sector by issuing clarifications on lending activities falling out of scope of the authorisation requirement, laid down by article 28-4 of the Law on Financial Sector.

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New opportunities in an evolving workplace

When applying for a job or reviewing an offer – no matter the level, role, or industry – it is important to consider all aspects of the opportunity, including the company’s culture and values.

Channel Islands Funds Quarterly Update: Q2 2021

1. Pan-Channel Islands developments 1.1 Economic substance regime now extended to partnerships 1.2 The International Stock Exchange reports a record number of Q1 listings 2. Jersey developments 2.1 Self-managed funds must satisfy the economic substance test – Taxation (Companies – Economic Substance) (Amendment No. 2) (Jersey) Law 2021 2.2 Changes made to Funds Business fee rates 2.3 Disclosure requirements for sustainable investment aim to combat greenwashing 2.4 Duty of supervisory body to use a risk-based approach 2.5 Investment in lawful cannabis industry is now permitted 2.6 First quarter fund statistics 3. Guernsey developments 3.1 Revisions to Private Investment Fund rules 3.2 Three new consultation papers on the Revision of Laws Project 3.3 De-regulation of Non-Guernsey Scheme regime 3.4 First quarter investment statistics 3.5 Finance sector code of corporate governance

Latest Briefings

Funds & Investment Management Update – Ireland and Luxembourg – Q2 2021

This quarter’s highlights include the coming into force of the Investment Firms Directive and the Investment Firms Regulation, a number of AML developments, ESMA’s publication of funds’ marketing communications guidance and the CBI’s call for UCITS managers to review their liquidity risk management frameworks. Other notable developments include the CSSF’s updated guidance on granting loans to the public and updates to its UCITS and AIFM FAQs, the publication of a Circular on remote working as well as further EU sustainable finance developments.

The ILC Articles at 20: Introduction to the Symposium by Prof. Christian Tams and Dr Federica Paddeu

The Articles on the Responsibility of States for Internationally Wrongful Acts (Articles), developed by the International Law Commission (ILC), turn 20 this year. On 9 August 2001 – 45 years after the first report by Special Rapporteur Francisco García-Amador on the topic, after 5 Special Rapporteurs and 34 reports by them – the ILC adopted the final text of the Articles, thus bringing to an end work that (in the words of Rosalyn Higgins) were it not for the Commission‘s broad understanding of responsibility, ‘should on the face of it [have] take[n] one summer’s work’.

Scaling expertise through digital solutions

Neota Logic provides the ability to scale access to expertise through automation solutions using its no-code platform, making it an easier, faster and less expensive way to engage your stakeholders.

Portugal: Managing the Impacts of COVID-19

The COVID-19 pandemic has led to the adoption of legal measures that have a profound impact on businesses in different sectors and on society at large. The implications are broad and complex and we are committed to focusing our knowledge and experience to help you navigate these legal issues as they arise.

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Freshfields

Freshfields to debate post-pandemic reward measures

The partnership at Freshfields Bruckhaus Deringer is set to approve a catch-up payment for staff whose salaries were frozen, The Lawyer understands, though no Covid bonus is expected. The payment will draw the firm’s salary freeze to a close, having been introduced at the start of the pandemic. Unlike other firms, the firm will not […]

London

Quinn expands in London with Boies Schiller partner

Quinn Emanuel Urquhart & Sullivan’s City office has made its second lateral hire in a month, recruiting this time from Boies Schiller Flexner. The firm has recruited Dominic Roughton from its US disputes rival to boost its London ranks. Roughton departs after four years at Boies Schiller. He was hired by the firm’s London outpost […]

Paul Hastings secures investigations duo from White & Case

Paul Hastings has hired two white-collar and investigations partners from White & Case, as US firms look to expand their City teams. The firm has brought in lawyers Jonathan Pickworth and Joanna Dimmock to the London office. They will join from White & Case, where Pickworth  led the white-collar crime practice. Pickworth spent more than […]

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