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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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Jacksons opens Leeds office in insurance shift

North-East firm Jacksons is to open an office in Leeds to cash in on the city’s booming insurance market. It will open in the new year and will be staffed by a single partner. The firm is still deciding who that will be. Jacksons’ move reflects a shift in insurance work from the Manchester legal […]

Noise appeal goes to Lords

Judgment is now pending in the House of Lords in a case which will decide whether landlords are under a legal duty to protect their tenants from noise emanating from neighbouring properties. In Baxter v London Borough of Camden the Appeal Court held last November that a landlord who let a flat with poor sound […]

London lawyers can't take the heat in Bermuda

London lawyers posted to Bermuda to fight one of the highest profile court cases of the decade have admitted that they are fed up with life on the paradise island. Norton Rose and Clifford Chance lawyers flew to Bermuda for the Thyssen trust case at the beginning of the year, expecting an imminent trial. But […]

Property

Richard Pearlman & Co advised Citymain Investments, a company partly owned by Prestbury Group, in its acquisition of 188-213 Old Street, London, EC1. Richard Pearlman and Adam Draper advised on the deal, which is worth u23.2m, while Nabarro Nathanson acted for the vendor, Courtana Investments. Berwin Leighton acted for the purchaser’s funding source, KBC Bank […]

Zurich Commercial slashes legal panel from 100 to 1

Zurich Commercial has finally revealed its streamlined panel after cutting its legal advisers from 100 to just 16 firms. The 16 that have been retained by Zurich Commercial, which is a combination of merged insurers Eagle Star and Zurich, will be split into three groups. Those firms on the Zurich Commercial panel only are Davies […]

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