Litigation Writs 10/09/96

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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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Fund established to research the application of IT in law

The Society for Computers and Law has set aside £60,000 to fund research into computers and law in the UK. The money will be used to fund research into any aspect of computer and communications law, or the application of computing and communicating technology in law. Lord Justice Brooke, president of the society, said: “Evidence […]

In brief: Cambridge conference to beat corruption

Over 700 of the world’s most senior law officers and government officials are in Cambridge this week for a six-day conference aimed at combating the threat to business and political stability caused by corruption. The symposium at Jesus College is organised jointly by the college, the Centre for Information and Documentation on Organised Crime, the […]

Merrill Lynch wins landmark decision on fraud damages

Ashurst Morris Crisp is claiming victory for its client Merrill Lynch after a House of Lords ruling which will see US bank Citibank having to pay the investment bank £14m damages over a fraudulent share sale. In 1989 broker Smith New Court, now owned by Merrill Lynch, paid Citibank Securities £23m for 28 million shares […]

Four enter LSSA fold

Four suppliers – Timeslice, Technology for Business, Solicitec Computer Systems and Axiom Business Computers – have been admitted to the Legal Software Suppliers Association (LSSA). The association, set up in May to promote self-regulation and professional standards among legal IT suppliers, now has 17 members. It is currently carrying out a customer survey to set […]

Chancellor ignores Step's appeals to rationalise personal taxation system

Kenneth Clarke has ignored the calls of trust lawyers to end inheritance tax iniquities and to institute relief on the costs of self assessment. Lawyers and accountants represented by the Society of Trust and Estates Practitioners (Step) had asked the Chancellor to simplify capital gains and inheritance tax legislation and to correct an imbalance whereby […]

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