Financial Markets Legal Update 2019

Expand all
Capital Markets sessions
  • PDF Benchmark reform: how to move beyond LIBOR, EURIBOR and other benchmarks in the financial markets (merged session: CM & Banking)
    LIBOR is set to disappear, EURIBOR and EONIA are set to be amended and contracts referring to these or other benchmarks are in need of review, updating and amendment. This session looks at why and how to prepare for benchmark reform and client contract review operations on a large scale.

    23 May 2019

  • PDF Demystifying Schuldschein/NSV
    What is the nature of a Schuldschein loan, why it is called so and why is it considered a capital markets instrument despite being a loan? What are the advantages and disadvantages? Our German law Schuldschein expert provides an overview of the market, the placement process and the characteristics of the Schuldschein loan as a German law instrument and the legal framework. He discusses the differences between an assignable loan agreement (Schuldscheindarlehen) on the one hand and German law governed registered notes (Namensschuldverschreibungen) on the other hand.

    23 May 2019

  • PDF Sustainable finance panel discussion (merged session: CM & Banking)
    Sustainable or “green” finance is high on the agenda of European and Dutch lawmakers and financial market participants alike. What role does the financial industry play in the transition to a “green” future? How far has sustainable finance come and how far do we still have to go to reach sustainability goals? In this panel session, we discuss the latest developments in construction, banking and capital markets, as well as looking towards what’s on the horizon.

    23 May 2019

Banking sessions
  • PDF Developments in Structured Trade & Commodity Finance
    In this session, certain recent developments in structured trade and commodity finance are discussed including the issues to be aware of regarding the appropriate structures and documentation that should be used.

    23 May 2019

  • PDF Reliance letters - Appreciate the value and consider the risks
    What is a reliance letter? What are the main elements of a reliance letter? What are the alternatives? Once we have established these issues we will concentrate on the perspective of the issuers of reliance letters and the beneficiaries of reliance letters, touching upon likely points of negotiation, including limitation of liability.

    23 May 2019


  • PDF Late cycle strategies in finance transactions
    In this presentation we provide an overview LMA based loan documentation and the LMA and market responses to the financial crisis. In addition, we give an overview of early warning mechanisms in current LMA loan documentation.

    23 May 2019

Financial Services sessions
  • PDF Current developments in the financial regulatory space
    In this session, we discuss selected current affairs, including Brexit related matters.

    23 May 2019

  • PDF Business continuity in the UK post-Brexit and post-TPR
    The TPR provides a useful temporary solution for continuation of financial services in the UK post-Brexit. How does it work, what are the consequences for your regulatory burden and what should you be doing to prepare for post-TPR?

    23 May 2019

  • PDF Trading Venue Rulebooks: a quick read?
    We demonstrate how the Trading Venue Reviewer tool can help you with the review of key documentation (Rulebooks, Member Agreements, T&Cs) of Trading Venues (Regulated Markets, MTF and OTFs). Rulebooks had to be reviewed for MiFID2 and will now have to be reviewed for Brexit. The tool summarises the provisions of the rulebook by topic which is then used to generate RAG analysis of the Rules.

    23 May 2019

Funds sessions
  • PDF The quiet explosion of the direct lending/loan originations funds - fund structuring and deal level considerations
    The growth of direct lending funds offers businesses an alternative to classic bank loans. We explore the structuring and economics of such funds and the interplay of the fund terms with the dynamics of the bespoke debt transactions taking place at the deal level, as well as some regulatory considerations.

    23 May 2019

  • PDF Luxemburg insights: updates from the global alternative funds centre
    This session focuses on current affairs regarding funds from the Luxembourg perspective, including the latest updates from the global alternative funds centre.

    23 May 2019

  • PDF Ireland insights: updates from the global UCITS centre
    This session focuses on current affairs regarding funds from the Ireland perspective, including the latest updates from the global UCITS centre.

    23 May 2019

  • PDF Bloomberg asset management survey
    We launched Asset Management 2025 in February 2019 - our global report in partnership with Bloomberg, is intended to help you stay ahead of the curve in an industry facing significant change - both structural and cyclical. We commissioned this major research to deliver a series of thought leadership pieces to help you and us develop strategies and solutions to the challenges and opportunities that we now see lying ahead. We looked to quantify key elements of the future health of an asset manager: the growth rates in AUM, Fee Income (their revenue stream) and the costs of doing business.

    23 May 2019

Tax sessions
  • PDF Fiscal integrity risks for Financial Institutions
    KYC and AML procedures are required to be expanded according to the DNB and include monitoring for fiscal aggressive structures. The EU Directive (DAC6) on reporting fiscal aggressive structures becomes effective 01 July 2020, with retroactive effect to 25 June 2018. Where do these requirements come from and what does this mean for financial institutions operating in The Netherlands?

    23 May 2019

  • PDF Tax crime enforcement & risks - trends and topics
    Due to international law initiatives, tax evasion and aggressive tax structures have become relevant factors for the risk management of financial institutions. This presentation will focus on the latest developments in this field and on risks that banks could be exposed to when it comes to tax fraud (or other fiscal wrong doings) committed by their clients. Topics will primarily be approached from a (fiscal) criminal law angle.

    23 May 2019

Various sessions
  • PDF Financial markets litigation legal update - recent developments financiers should be aware of
    Based on a “true crime” case, this session looks at recent developments in litigation which impact financial service providers in the Dutch markets. Topics will include: bankruptcy and restructuring litigation trends, collective damages claims, duty of care for third parties and the Netherlands Commercial Court as an attractive forum for financial litigation.

    23 May 2019

  • PDF What else is new - new rules for Dutch partnerships?
    The current rules on partnerships date back to the 19th century and are no longer deemed to meet present-day needs. To this end, new rules on Dutch partnerships were submitted for consultation (closing on 31 May 2019). An earlier draft bill was withdrawn in 2011, and an initiative was subsequently launched for a new proposal which culminated in the September 2016 report by the partnerships working group. This report largely forms the basis for the current bill. In this session we will cover the most important provisions of the bill and indicate differences with the current legislation, where relevant. we will round up by touching upon some of the other recent legislative developments in Dutch corporate law.

    23 May 2019

This document (and any information accessed through links in this document) is provided for information purposes only and does not constitute legal advice. Professional legal advice should be obtained before taking or refraining from any action as a result of the contents of this document.