26 Mar, 2024 AIFMD II final text published in the EU's Official Journal By Samuel Brooks Michael Sholem Gavin Haran The final legislative text of the Alternative Investment Fund Managers Directive II (AIFMD II) was published today in the EU’s Official...
18 Mar, 2024 UK AIFMD reforms: further divergence from the EU and a potential relaxation to smaller full scope AIFM requirements By Harriet Miller Gavin Haran On 1 March 2024, the FCA published a letter to CEOs of asset managers and alternatives firms, outlining its supervisory and regulatory...
15 Nov, 2023 Galapagos restructuring ends with an effective “Distressed Disposal” and a win for senior creditors By Timothy Bromley-White Joshua Portway Any restructuring where there are multiple tiers of debt and lenders with different interests and views can be tricky. Lenders will try...
18 Oct, 2023 FCA to reform the UK's AIFMD and NURS regimes By Lora Froud Gavin Haran The Chair of the FCA, Ashley Alder, gave a speech on 11 October 2023 outlining the regulator’s approach to the reform of the UK’s asset...
09 Oct, 2023 Penalising default interest: a spotlight on the bridging loan market By Adam Caines Christian Anthony Rachael Preston Katherine Hensby +1 more... Show less Earlier this year, the High Court ruled that a clause in a loan agreement which imposed a default interest rate of 4% per month...
03 Oct, 2023 Transparency to navigate a new normal: IOSCO reports on proposed good practices on leveraged loans, and emerging risks in private finance By Andrew Perkins Kirstie Hutchinson Jamie Macpherson Katherine Hensby +1 more... Show less On 14 September 2023, the International Organisation of Securities Commissions (IOSCO), the internal policy forum for securities...
25 Sep, 2023 Parental liability – holding off the decisive influence presumption By Cameron Firth Andrew Morrison It is well established that a parent company can be held liable for the conduct of its subsidiary where it exercises decisive influence...
05 Jun, 2023 ILPA weighs in on continuation funds By Harriet Miller Henry Stewart-Brown Continuation funds are now a staple feature of the private funds industry as general partners (GPs) look to move one or more selected...
14 Dec, 2022 Will the Edinburgh Reforms make a difference? By Alexandra Green Michael Sholem Gavin Haran On 9 December, the Chancellor announced a package of over 30 reforms to the UK’s financial regulations, an attempt to achieve the biggest...
29 Nov, 2022 Transparency, but not at any cost By Dominic Sedghi In a significant judgment, the Court of Justice of the European Union (CJEU) has struck down provisions of European Union law that give...
20 Oct, 2022 EU reaches positive agreement on ELTIF reforms By Samuel Brooks Gavin Haran Tiffany Cox Negotiations have concluded between the European Council and the European Parliament on changes to the European Long Term Investment Fund...
13 Oct, 2022 Single Family Housing – where has it come from and where is it heading? By Macfarlanes The terms “SFR” (single family rental) and “SFH” (single family housing) have become common parlance in the European real estate...
13 Sep, 2022 Are we ready for the “operationalisation” of real estate? By Macfarlanes Operational real estate is becoming increasingly mainstream for investors, driven by strong relative performance in asset classes which...
14 Apr, 2022 Challenges and opportunities for ESG-linked pay in 2022 By Macfarlanes Last week Ras Berglund and I spoke at the ESOP Centre’s 2022 Share Schemes Symposium about the growing impact of ESG on executive...
12 Nov, 2021 Private equity, public costs By Christopher Good “Big change is coming”, wrote Elizabeth Warren when Gary Gensler was nominated by President Biden to be the next chair of the Securities...
26 Oct, 2021 FCA publishes Long Term Asset Fund final rules By Lora Froud Gavin Haran The FCA has published its final rules for the Long Term Asset Fund (LTAF). The LTAF is a new authorised fund vehicle that aims to make it...