Practice Areas

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 […]

What does your emoji say about you?

By Orla Shevlin In an ongoing UK case, a defendant has alleged that the posting of a sad emoji face as part of an update to customers was a breach of contract. Phones 4U Limited (in administration) v EE1 Limited concerns a dispute involving the termination of a contract between mobile phone retailer, Phones 4U Limited […]

Digital age of consent for children’s data to be set at 16

By David Cullen The Irish government has been defeated on its proposal to set the digital age of consent for the processing of children’s data at 13. We discussed this government proposal in a previous article. During a recent debate on the Data Protection Bill 2018, which is due to be signed into law shortly, an […]

Angola: Natural gas legal framework

Presidential Legislative Decree 7/18, of 18 May 2018 (“PLD 7/18”) enacted the Angola Natural Gas Framework Law, which lays down the legal and tax principles applicable to the activities of prospecting, exploration, appraisal, development, production and sale of natural gas in Angola…

Mozambique: National minimum salaries 2018-19

Every year, the Mozambican Government readjusts the national minimum salaries applicable to groups of employees whose working conditions justify their protection being ensured… …In turn, article 108(5) of the Employment Law, approved by Law no. 23/2007 of 1 August, provides that “the Government, after hearing the Employment Consultative Committee, establishes the national minimum salary or […]

Life Sciences: product regulation and liability in Romania

One recent legal development in the pharmaceutical field is the change of methodology for establishing prices for medicinal products which are totally or partially paid for by the social security system. However, already representatives from associations of medicine producers are pushing for this methodology to be revised, claiming that its overall impact on the market […]

Parallel import guidance clarified by CJEU

By Charlie Bond and John Coldham The Court of Justice of the European Union (CJEU) has issued a ruling clarifying what you can, and cannot, do if you wish to import goods from one Member State of the EU to another. In summary, it has ruled that the trademark owner cannot oppose the further commercialisation of […]

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