White & Case hires McKinsey for global review

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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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Conference puts students on right Pathway

Last week 150 sixth-formers congregated at the University of Warwick to attend the first-ever Pathways to Law National ­Conference. It marked the end of a 12-month programme of events, run by ­education charity the ­Sutton Trust and the College of Law, to encourage non-­privileged students to study law at ­university. Lawyer 2B, The Lawyer’s ­student […]

Cadwalader redundancies: Round two

The news that Cadwalader Wickersham & Taft is laying off an unprecedented number of lawyers – 96 – has left lawyers across Manhattan shell-shocked. Any lingering hopes that the worst effects of the credit crunch had passed for law firms were neatly skewered by Cadwalader’s announcement yesterday (Wednesday 30 July). The firm’s most recent “right-sizing” […]

Clydes switches to merit-based pay

Clyde & Co has shaken up its pure lockstep to a three-gated remuneration ­structure based on merit. The ;firm’s ;previous ­system began with 46 ­profit-sharing units and ended with 100, supplemented by a 5 per cent performance-related element. The new system, however, sees ­partners move through gates every three years, reaching plateau within 10 years. […]

Insure hands: Sean McGovern, Lloyd’s of ­London

After being made up to head of legal while still in his twenties, Lloyd’s of London general counsel Sean McGovern has exceeded the insurance giant’s expectations. When Sean McGovern joined the legal ­practice at Lloyd’s of London in 1996 he was just 26. In 2000 he was promoted to head of legal and in 2003 […]

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Cohen milstein mulls equitable life action

Class action firm Cohen ­Milstein Hausfeld & Toll is considering launching legal ­proceedings on behalf of a ­million Equitable Life policyholders after the parliamentary ombudsman Ann Abraham urged the Government to ­compensate them for losses incurred after Equitable almost collapsed eight years ago. Cohen Milstein’s decision to pursue the case comes after the Treasury launched […]

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