TwoBirds’ flight of fancy

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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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Banks call on preferred counsel for OFT probe

Competition lawyers are gearing up for round two of the Office of Fair Trading’s (OFT) investigation into the retail banking sector. The major banks have turned to their longstanding counsel: Barclays instructed Clifford Chance, Lloyds TSB is being advised by Lovells, Royal Bank of Scotland (RBS) has instructed Ashurst and Linklaters, while HSBC is looking […]

Former Sony legal chief bags new role

The former senior vice president of legal and business affairs at Sony BMG, Alasdair George, has joined niche media and entertainment advisory and investment group Edge. George left Sony BMG last year to launch his own consultancy (The Lawyer, 30 October). He joined Sony Music in 1994 as business affairs manager from London firm Compton […]

Carter-Ruck privacy victory sets precedent

Media law firm Carter-Ruck has won an important case that is expected to have far-reaching repercussions for the UK’s press. The firm, acting for Canadian singer-songwriter Loreena McKennitt, fought off a last-ditch attempt by boutique David Price Solicitors to overturn a Court of Appeal ruling that upheld her right to privacy under Article 8 of […]

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Women’s schemes are the way forward

In February Herbert Smith launched its women’s network, known as ’Herbert Smith women in business’. It is believed to be one of the first internal women’s networks within a City law firm. Its introduction comes at a time when many other initiatives are being put in place in organisations across the country to make workplaces […]

Lovells attacks UBS over split capital trusts debacle

Irish property group Real Estate Opportunities (REO) has instructed Lovells to advise on legal action taken against UBS in relation to the collapse of the split capital trust market. The House of Lords has ordered UBS to hand over documents relating to its involvement in the split capital trusts debacle. UBS is being sued by […]

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