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Related briefings

Geographical indications of origin in Serbia

By Dragomir Kojić, Partner and Tamara Bubalo, Associate Geographical indication of origin, this very peculiar form of industrial property protection, has undergone a revival phase over the past few years, thus becoming more omnipresent not only within the circles of interest, but also amongst the Serbian public at large…

Serbia: Privatisation disputes and arbitration

This article will focus on the experience in practice and the evolution of privatizations of state and socially owned companies in Serbia in the period of transition and will assess the boundaries of arbitrability of disputes that arise out of the termination of privatization agreements…

Montenegro: Striving towards the black gold

By Petar Mitrović and Nikolina Kažić The first tender for oil and gas exploration and production in Montenegro was announced in late 2013… In the light of normative regulation, Montenegro adopted the Law on Exploration and Production of Hydrocarbons, the Tax Law on Hydrocarbons, and regulations governing the method of calculating compensation payments for oil […]

Serbian Competition Commission investigates distributors of childcare products

On 24 April 2018, the Serbian Competition Commission (the “Commission”) conducted dawn raids against local distributors of baby and infant products, Yuglob and Keprom. The dawn raid was conducted on three locations in Belgrade, during which the Commission collected the documentation it considered necessary for further investigation…

The Serbian law on foreign exchange amended

By Maja Jovančević Šetka On 20 April 2018, the amendments to the Law on Foreign Exchange (the “Law”) were adopted and will enter into force on 28 April 2018. Exceptionally, the application of certain provisions related to the assuming of competencies over foreign exchange control by the National Bank of Serbia is delayed until 1 January […]

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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Proposed CFTC rules on position limits

By Byungkwon Lim and Aaron J Levy The Dodd-Frank Wall Street Reform and Consumer Protection Act amended section 4a of the Commodity Exchange Act (CEA) to require the Commodity Futures Trading Commission (CFTC) to establish position limits on an aggregate basis for (1) futures and options contracts on agricultural and exempt commodities traded on or […]

Aeroplane

Tui Travel tour operating GC steps up to top role

Tui Travel has promoted its mainstream tour operating general counsel, Mike Bowers, to the role of group legal director, following the decision of the FTSE 100 company’s legal chief Andrew John to begin planning for retirement. Bowers took over from John last month, following the latter’s appointment as director, secretariat, health & safety and risk. […]

Manchester
8

TLT raids Irwin Mitchell in Manchester for 30-strong team including six partners

Irwin Mitchell has lost six partners and a team of 24 lawyers and support staff after being raided by TLT in Manchester. Consultation is ongoing regarding the exact terms of the departures, which is expected in coming months. The team includes Irwin Mitchell property partner Andrew Bell; employment partner Ed Cotton; corporate partner Jon Close; […]

NYSE

Shearman and Slaughters advise ICE on £6.79bn takeover of NYSE Euronext

Shearman and Sterling is among a raft of firms to advise Intercontinental Exchange (ICE) on its $11bn (£6.79bn) takeover of NYSE Euronext. The deal makes the 14-year old ICE group the third-largest exchange operator in the world by market value. It also puts it in control of the New York Stock Exchange (NYSE), as well […]

Occupational pension schemes and money purchase benefits: government consultation

By Suzanne Burrell The Department for Work & Pensions (DWP) has issued draft regulations for consultation. This follows the change in the statutory definition of money purchase benefits, due to come into force next year. Following the decision in Bridge Trustees v Holdsworth, the DWP announced that it would amend the definition of money purchase […]

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