Untangling the great contract net

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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 […]

Recommended

India

Magic realism

International firms are jostling for position with local players in a packed legal market, but the UK magic circle still dominates Best friendships have died in India, having outlived their usefulness. At their high-water mark in early 2011 there were at least five relationships between international firms and Indian outfits, including Allen & Overy (A&O) […]

Shell

Royal Dutch Shell unveils new look panel

Baker & McKenzie, CMS Cameron McKenna and Debevoise & Plimpton are amongst the new firms appointed to Royal Dutch Shell’s revamped legal panel, which consists of more than 150 firms. Baker & McKenzie, CMS Cameron McKenna and Debevoise & Plimpton are amongst the new firms appointed to Royal Dutch Shell’s revamped legal panel, which consists […]

HMRC

Judgment Call: 20 May 2013

Banking & finance Harbinger Capital Partners v Caldwell[2013] EWCA Civ 492. Mummery LJ; Lewison LJ; Neatson LJ. 9 May 2013 In assessing the value of Northern Rock shares prior to its nationalisation, and therefore the amount of compensation due to shareholders, an independent valuer appointed under the Northern Rock plc Compensation Scheme Order 2008 had […]

Pamboridis closes its Limassol office

As a result of the unprecedented decision of the Euro group on 15 March 2013, the recapitalisation of the two largest Cyprus banks and the subsequent recession, Pamboridis has decided to suspend the operations of its Limassol office. Since 1 May 2013, all Limassol personnel have been working out of the law firm’s Nicosia head […]

Al Giles
7

The End of Lawyers…..or Just the Beginning?

Al Giles managing director of Axiom for EMEA and Asia. It’s been a depressing week for many lawyers. BLP started the trend by announcing widespread redundancies. Osborne Clarke, Wragges and others followed. A one-off announcement might be just that for any number of reasons, but taken together these have felt like a real body blow. […]

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