Property fund suspensions in the wake of Brexit

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Online but divorced from reality

By Philippa Dolan No one denies that simplifying the divorce process to make it easier, faster, cheaper and more understandable is a laudable aim. Much has been made of the billion pounds that is apparently being invested in an overall reform programme to ‘modernise the courts and tribunal service’, part of which is being spent […]

Family Court still has teeth: The Hart v Hart case

Mrs Hart was disappointed with her financial settlement. She appealed to the Court of Appeal but the appeal was rejected. Her team had argued that the High Court Judge had not punished Mr Hart for his refusal to be straight about his finances and had based her settlement on the sum that he did disclose, […]

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With fortunes being won and lost in the space of months, cryptocurrencies are on everyone’s minds and it is inevitable that they are going to form a significant new asset class in many future divorces. But how prepared are lawyers and the courts to deal with them?

Best-laid plans: Onus to obtain consent falls on employer

In Clin ­v­ Walter Lilly & Co Ltd [2018] EWCA Civ 490, the Court of Appeal held an implied term would be implied into a building contract (based on amended JCT terms) to provide for the employer’s obligations relating to planning permission or conservation area consent. On 25 September 2012, Mr Clin (the Employer) engaged […]

Court of Appeal backs Birmingham council in PFI case

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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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Salary wars: Linklaters goes to $180,000 in New York

Linklaters has matched the ‘Cravath’ scale and will pay its first year associates $180,000 in New York, equivalent to around £124,000. Cravath raised its salaries earlier this month, prompting a host of firms to follow suit, including the other magic circle firms based in New York, Clifford Chance, Allen & Overy and Freshfields. However, London lawyers will not be paid […]

Kinstellar takes part in Europe-Caucasus-Asia Forum

Kinstellar Kyiv has participated in the International Bar Association’s inaugural Europe-Caucasus-Asia Forum, which took place on 15-18 June in Kyiv and Lviv, Ukraine. IBA ECA 2016, which evolved from the IBA’s previous CIS Local Counsel Forum, brought leading professionals and officials together with the wider IBA community to share insights on the development of the […]

Debevoise advises Clayton, Dubilier & Rice on acquisition

The London office of Debevoise & Plimpton LLP is advising Clayton, Dubilier & Rice (CD&R) in the financing aspects of its announced exclusive discussions for the acquisition of BUT, the largest furniture retailer network in France. The proposed acquisition is structured as a 50:50 partnership between CD&R-managed funds and WM Holding, a company related to […]

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