UN to decide on liability of international organisations

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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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A&O set for LLP conversion by end of financial year

Allen & Overy is set to become the first magic circle firm to convert to a UK limited liability partnership (LLP). The Lawyer understands that subject to a partnership vote, conversion could take place by the end of this financial year, although it is possible that not all of the firm will initially transfer to […]

Baker & McKenzie boosts Brussels with PwC hire

The tax arm of accounting giant PricewaterhouseCoopers has suffered a blow with the exit of Brussels partner Philippe Lion to Baker & McKenzie. It is understood that the regulatory climate post Sarbanes-Oxley was a factor in Lion’s decision to leave the accounting firm. Commenting on his departure, the former PwC tax director said: “Auditors independence […]

Malaysia and Korea pledge to open their legal markets

The Malaysian and South Korean governments have told the UK that they want to open up their legal markets to international law firms. Currently, foreign firms are not allowed to open offices in Malaysia or Korea, but following visits from David Lammy MP, the Parliamentary Under-Secretary of the Department of Constitutional Affairs, this could change. […]

Access to justice hampered by court inefficiencies

Inefficient administration in court offices is hampering access to justice, according to the findings of the latest Law Society survey. The sixth Woolf Questionnaire surveyed solicitors across the UK, asking about the effectiveness of civil justice reforms. Nearly four out of ten respondents said that inefficient administration in court offices has had an impact on […]

Hill Dickinson boosts PI with Clydes lateral

Clyde & Co has lost professional indemnity and product liability partner Angela Horne to north-west firm Hill Dickinson. Horne was recently involved in a successful House of Lords appeal, on behalf of two members of the bar in the case of Medcalf v Mardell. During her time at Clydes she has also represented Dr Marietta […]

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