Merging firms put lawyers at risk

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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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Barristers' pay is more than enough

Your article “Barristers fight solicitors for share of a shrinking market” (The Lawyer, 21 June) suggests barristers can compete effectively on price by charging a “very low rate” of #50 per hour, and that their overheads are around 25 per cent of earnings. Let’s do some calculations on this. Suppose these barristers work for 30 […]

City firms infected by e-mail virus

The computer virus Melissa has hit City law firms forcing at least one top practice to shut down its server. Melissa floods the computer system with unwanted e-mails which lists pornographic sites on the Internet. Baker & McKenzie had to shut down its computer network after an overload in the system due to the virus. […]

Eversheds appoints for Bulgaria

Eversheds has appointed an army officer-turned barrister to pave the way for its planned new Bulgarian office. Francis Chubb will work from the office of Georgiev Todorov & Co, a Sofia-based law firm with which Eversheds has close connections. His appointment is the first step in building a big enough Bulgarian practice to merit the […]

Ex-DAC partner joins Vizards

EX-Davies Arnold Cooper (DAC) partner Gary Marshall and an existing DAC solicitor are joining insurance and commercial firm Vizards Staples & Bannister. Marshall, who was responsible for setting up DAC’s Hong Kong office in 1992, is due to join Vizards in August and will be joined by DAC solicitor Stephen Byass in September. Since leaving […]

Pinsents acts in first ever shipping PFI

Pinsent Curtis is claiming that it has completed the first ever shipping deal under the private finance initiative (PFI). The Natural Environment Research Council instructed Pinsent Curtis on the financing of its #30m ship, Polar Queen. The vessel, which is being leased from a Norwegian shipping company advised by Richards Butler, will be renamed Ernest […]

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