Significant Controllers and Licensing Regimes
On 1 March 2018, two pieces of legislation which are aimed at enhancing the transparency of beneficial ownership of Hong Kong companies and the regulation of designated non-financial businesses and...
View ArticleEducation e-briefing Student Accommodation Contracts: What are they (and...
Welcome to the first in our series of Student Accommodation e-briefs for universities, colleges and private institutions. These e-briefs highlight aspects of the student accommodation contract which...
View ArticleCreation of an international division at the Paris Court of Appeal
On 7 February 2018, the Paris Court of Appeal announced the creation of an international division specialized in international commercial and financial disputes. After the inauguration of an...
View ArticleDepositary regime for Part II funds is now clarified in Luxembourg
Luxembourg implemented the UCITS V Directive (Directive 2014/91/UE) on 26 May 2016 extending the UCITS V depositary regime to the collective investment funds (the Part II Funds) subject to the Part II...
View ArticleInsurers start moving towards the SMCR: latest developments
The PRA has published a policy statement PS1/18 providing feedback to consultation issued in June 2017 on proposed amendments to the senior insurance managers regime (SIMR) and a proposal to...
View ArticleEducation HR e-briefing - Government responds to the Taylor Review:...
Last year, the Taylor Review considered how employment law and practices need updating to keep pace with modern business models. The Government has now published its response. While the press reports...
View ArticleAmendment to the Commercial Code of Estonia
On 15 January 2018, an amendment to the Commercial Code entered into effect, which allows the management board of Estonian companies to reside outside of Estonia. For companies where the seat of the...
View ArticleHouse of Lords publishes report on Brexits impact on competition and state...
On 2 February 2018, the EU Internal Market Sub-Committee of the House of Lords (“EU Committee”) published its report on the implications of Brexit on competition law and State aid (“Report”)1. On...
View ArticleConsultation on SME access to the Financial Ombudsman Service (FOS)
FCA seeks to widen access to FOS for small businesses – the most significant expansion of FOS jurisdiction in many years FOS resolves individual complaints between financial businesses and their...
View ArticleCase law update
Tiuta International Ltd (In Liquidation) (Respondent) v De Villiers Surveyors Ltd (Appellant) [2017] UKSC 77, 29 November 2017 The Supreme Court considered the proper approach to the quantum of...
View ArticleFrench flooring cartel: FCAs first refusal to reward a compliance program
On 18 October 2017, the French Competition Authority (the “FCA”) imposed a €302 million fine on the three leading manufacturers of PVC and linoleum floor covering, as well as the industry’s trade...
View ArticleEducation briefing: The Higher Education and Research Act 2017
Key points from the consultation exercise on the new regulatory framework for higher education Last year the Government enacted the Higher Education and Research Act 2017 (the Act) – described as the...
View ArticleKey Issues from the FCA Extending the SMCR Meeting 29th January 2018
Summary Simon Collins MD, Eversheds Sutherland Consulting recently attended an update led by David Blunt, FCA accountable executive. We wanted to update you on the items discussed at the meeting to...
View ArticleProtecting your interests - A guide to taking security in 21 countries...
Companies trade in an increasingly global market. Despite this, the process of taking security in support of financial obligations remains essentially a question of the national law in the country...
View ArticleEmployment and Financial Services Quarterly Update - February 2018
Welcome to our quarterly employment and financial services update, focusing on recent developments and changes in the pipeline for the financial services sector. In early December, the FCA and the PRA...
View ArticleAwarding bonuses in financial institutions
Bonuses form a key part of a senior employee’s remuneration package in financial institutions (FIs). We consider here some of the legal and regulatory constraints which come into play when making...
View ArticleThe FCA fines Brenntag for obstructing an antitrust investigation
On 21 December 2017, the French Competition Authority (the “FCA”) published a decision imposing a fine of 30 million euros on Brenntag SA and Brenntag AG (together “Brenntag”) for obstructing...
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