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New EU guidelines on acquisitions and increases in financial holdings in regulated entities
- A&L Goodbody
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- European Union, United Kingdom
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- December 31 2008
On 18 December 2008, the Committee of European Banking Supervisors (CEBS), CEIOPS and the Committee of European Securities Regulators (CESR) published their guidelines for the prudential assessment of acquisitions and increases in financial holdings as required by Directive 200744EC on the procedural rules and evaluation criteria for the prudential assessment of acquisitions and increase of holdings in the financial sector
Change of Control Directive: implications for insurance company acquisitions
- Herbert Smith Freehills LLP
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- European Union, United Kingdom
- -
- March 31 2008
The battle for control of Banca Antonveneta, a mid-sized Italian bank, in 2005 highlighted how requirements for regulatory approval could be impeding cross-border M&A activity in the financial sector
Alternative Investment Fund Managers Directive: how it will affect UK fund managers
- Nabarro LLP
- -
- European Union, United Kingdom
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- September 24 2009
In April 2009 the European Commission published its politically charged draft Directive on regulating Alternative Investment Fund Managers ("AIFMs"
The Change of Control Directive - a force for greater cross-border takeover activity in Europe?
- Herbert Smith Freehills LLP
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- European Union, United Kingdom
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- May 16 2008
Recent history for example, the battle for control of Banca Antonveneta, a medium-sized Italian bank, in 2005 has illustrated the potential for regulatory approval requirements to impede cross-border takeover activity involving financial institutions
Evidence published relating to House of Lords Parliamentary inquiry into proposed AIFM Directive
- Norton Rose LLP
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- European Union, United Kingdom
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- November 2 2009
The House of Lords EU Select Committee has published the oral evidence of two representatives of CMS Cameron McKenna LLP concerning its enquiry into the proposed Alternative Investment Fund Managers Directive, and that of Mr John Chapman, an ex-civil servant and journalist
Commission takes infringement action against the UK and others
- Dentons
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- European Union, United Kingdom
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- November 27 2009
The Commission has taken action against eight Member States for failure to implement Directives
European Commission takes action against UK for failure to implement Acquisitions Directive in Gibraltar
- Norton Rose LLP
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- European Union, Gibraltar, United Kingdom
- -
- November 30 2009
The European Commission has sent a reasoned opinion to the UK for failure to implement the Acquisitions Directive (200744EC) in Gibraltar by 21 March 2009
Merger control and private equity transactions
- Herbert Smith Freehills LLP
- -
- European Union, United Kingdom
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- May 4 2010
Competition law is an increasingly important consideration for any potential investment by private equity houses
TUPE: may apply to service company employees working in business being transferred
- Herbert Smith Freehills LLP
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- European Union, United Kingdom
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- November 5 2010
The ECJ has ruled that the Acquired Rights Directive on the transfer of undertakings can apply where a business is being sold by an operating company but the employees assigned to work in that business are actually employed by a service company in the group
TUPE: ECJ confirms service company employees transfer employment on business transfers
- King & Spalding LLP
- -
- European Union, United Kingdom
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- October 22 2010
The European Court of Justice (the ECJ), in Albron Catering BV v. FNV Bondgenoten and Roest, has confirmed on 21 October 2010 that employees employed by a service company who are assigned to a business will automatically transfer their employment to the acquirer of the business even though they are not employed by the “transferor” of the business
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