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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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Sidley Austin raids raft of firms for Houston energy launch

Sidley Austin is to open a Houston base that will focus on energy-related work, staffed by partners hired from firms including Akin Gump, Baker Botts and Vinson & Elkins. The office will initially be staffed by seven founding partners. They are: Mark Glasser, until now a partner and co-chair of the energy litigation section at […]

Tonucci picks up Grimaldi partner as Milan chief

Tonucci & Partners has become the first firm to announce the hire of a partner from Clifford Chance’s former Italian ally Grimaldi e Associati, which dissolved in December. Corporate finance and M&A lawyer Annalisa Pescatori is joining Tonucci as a partner to head up the firm’s Milan office. The Milan managing partner position is a […]

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DAC Beachcroft wins prayer fight for atheist councillor

DAC Beachcroft has convinced the High Court that to hold prayers before council meetings is unlawful under the Local Government Act (1972). The National Secular Society instructed partner Stephen Hocking to challenge Bideford Town Council in Devon over whether it could hold prayers as part of the normal course of the meeting. Matrix Chambers’ David […]

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Shearman investigates viral email trainee

Shearman & Sterling is investigating the trainee who was part of a group of City workers whose list of holiday rules for a lads’ holiday went viral yesterday, ending up as national news. A private, joke memo by a group of City workers, which detailed “tour rules” for an upcoming holiday, was leaked by one […]

Many are called, few are chosen

UK firms among the few big earners on Irish asset agency’s extensive panel Ireland’s National Asset Management Agency (Nama) has one of the biggest legal panels around. But anecdotal evidence suggests only a fraction of the firms appointed actually get any work. The agency appointed 64 Irish firms to its panel to advise on the […]

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Register now

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