PwC creates law, tax powerhouse in Italy

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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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Jomati nets Barclays financial guru to advise firms

Jomati, the management consultancy headed by former Clifford Chance managing partner Tony Williams, has hired the founder and former head of Barclays’ professional services team John Robinson. Robinson will advise law firms on their financial strategies, including capital requirements, debt funding and transactional banking. Robinson said his time at Barclays had made it obvious that […]

Hewlett-Packard cuts back its UK legal department

Hewlett-Packard (HP) completed an overhaul of its UK legal team this month as part of a company-wide cost-cutting review. The legal team has shrunk by 20 per cent, cutting loose one lawyer and five contract managers to give UK general counsel James Orman a total of six lawyers and 15 contract managers in his team. […]

A&O, Clifford Chance enjoy Big Apple coups

Clifford Chance enjoy Big Apple coups” />Allen & Overy (A&O) and Clifford Chance surprised everyone, not least themselves, by enjoying some good news from their Manhattan offices this month. Clifford Chance netted three lateral partner hires in a week: John Graham, King & Spalding’s joint head of M&A, arrived, followed by asset finance lawyer Zarrar […]

Larry Sonsini calls in ‘Mad Dog’ for best defence

One company’s mess is a meal ticket for its instructed lawyers, and so it is with Hewlett-Packard (HP), the once golden paradigm of corporate America now in trouble for the way it went about sniffing out boardroom leaks. Its general counsel and main outside lawyer, among others, both testified at a special hearing on Thursday […]

Diageo shores up in-house nous

Bucking the trend of in-house consolidation, global drinks giant Diageo has moved to expand its worldwide in-house legal function, hiring its first Indian-based regional counsel and creating two new positions in China. The company hired Chetan Nagendra from the Bangalore office of local firm Amarchand Mangaldas. He becomes the fifth Asia-Pacific in-house lawyer for the […]

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