Nomura legal chief rejoins Cadwalader

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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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Richards Butler suffers worldwide turnover slump

Richards Butler has had a tough year with average profits per partner down 7.8 per cent from £450,000 in 2003 to £415,000 this year. Worldwide turnover slumped 5.5 per cent from £91m to £86m, but there was a glimmer of light with UK turnover rising 8.7 per cent from £57.3m to £62.3m. Managing partner Roger […]

Conflict rules to be eased by Law Society

Law Society president Peter Williamson has given the strongest indication yet that the conflicts rules will be clarified in favour of City practice, subject to Law Society Council approval at the end of next month. At a risk management conference organised by insurer The St Paul last week, Williamson said: “Solicitors will be able to […]

Pet hate

With all the recent problems about conflicts of interest, it’s strangely reassuring that the Americans are at it as well. Newfane Town Court Justice Bruce Barnes, of Niagara County, has just been recommended for censure by the state’s Commission on Judicial Conduct for failing to disclose the fact that he was the claimant in a […]

The ‘B’ all and end all

We all know that City lawyers work hard, but honestly, there’s always one person who has to go that one step further. This well-known debt lawyer from a top 10 firm was witnessed, by some poor, unfortunate soul, bending over his desk receiving a special kind of injection while barking down a phone. It turns […]

Mace & Jones appoints first head of property

Mace & Jones has appointed its first firm-wide head of property. Partner Karl Jackson will oversee the property department across the North West firm’s Manchester, Liverpool and Knutsford offices, heading a team of 50. Jackson explained that he will increase the property team’s cross-office cooperation, adding: “We want to demonstrate to the outside world the […]

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