Louis-Charles HEVIN

[⚙ #DORA] We are pleased to invite you to a conference on the DORA regulation (Digital Operational Resilience Act), organized by ALJB - Association luxembourgeoise des juristes de droit bancaire, Banque de Luxembourg and Simmons & Simmons Luxembourg LLP. 📝 DORA introduces an innovative, comprehensive, and detailed legal framework within the #EU, addressing the risks posed by the profound digital transformation of financial services and the increasing interconnectivity of critical networks and infrastructures. Given the rise in sophisticated #cyberattacks targeting financial sector actors, #financial entities will need to ensure they can withstand, respond to, and recover from any serious operational #disruption related to information and communication technologies (#ICT). DORA also establishes a direct oversight mechanism for critical ICT service providers at the EU level. 🎤 Our esteemed experts and speakers, Camille Saettel and Maya Coumes, will decrypt the DORA regulation and present its five key pillars for framing digital operational resilience. They will share insights on how to prepare for DORA's implementation by January 2025 and approach DORA not just as a regulatory burden, but as an opportunity to differentiate in the market by strengthening operational resilience. ✒ Registration: Exclusively for ALJB members via the website: #Technology #Digitalisation #NewRegulation #Law

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Capital Système Investissements Responds to Versity Allegations Geneva, October 14, 2024 – In light of the recent press release from Versity Official 🌎 (formerly Les Agences de Papa), we wish to clarify and correct the claims made regarding ongoing legal proceedings. The lawsuit filed by Versity, as announced in their October 14 communication, misrepresents the facts. It was Capital Système Investissements (CSI), through our investment vehicle AS#47, that initiated legal action on September 26, 2024, against Versity in the Commercial Court of Paris for failure to repay 3.2 million euros in bonds. This initial legal action was the result of Versity's significant breaches of contract. While Versity has since initiated a counter-procedure, we strongly refute the accusations they have made and remain committed to defending our legal and contractual rights in court. We also encourage transparency and invite Versity to make public the judicial documents relevant to this case. We invite you to read the official press release attached for further details. Aether Financial Services Willkie Farr & Gallagher LLP Paris

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🇱🇺 The Commission de Surveillance du Secteur Financier (CSSF) has launched a #data collection exercise for the European Securities and Markets Authority (ESMA) to assess fees & charges related to #Ucits and #AIF investments. #Luxembourg #funds https://lnkd.in/ebGUfpaX

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A fantastic collaboration - "40 Years of the Dematerialization of Financial Securities in France" (40 ans de dématérialisation des titres en France) - has been co-published by IRJS - Institut de Recherche Juridique de la Sorbonne and AEDBF-France. Available at: https://lnkd.in/eYms5uje The book takes stock of how we got here and explores remaining legal and strategic challenges relating to dematerialised securities today. Everything is considered - ranging from accelerated settlement to technological innovation and its legal consequences. I was honoured to be asked to contribute the concluding chapter addressing the U.S. experience, particularly as we embark on the pursuit of new technologies in the post-trade space such as DLT. I cover the development of the Uniform Commercial Code in the U.S. leading up to the 2022 Amendments (addressing new technologies) and beyond ... with some controversy and drama along the way! My contribution (thankfully, for me at least) is in English: the rest needless to say remains in la langue de Molière. I hope that collaborations such as these foster greater understanding between practitioners in operating in different legal systems, ultimately leading to agreement on how best to harmonise approaches that transcend national barriers. Whilst the brilliant Thiebald Cremers (PhD) offers thanks to the contributors to the book, thanks first must go to him for editing and consolidating all into a compelling work. As Thiebald notes, please mark your calendars for our 9th January colloquium at the University of Paris: Panthéon-Sorbonne! #marchésFinanciers, #collateral, #T1, #blockchain, #dlt, #titresTransférables, #titresFinanciers, #CSD, #custodians, #securities, #securitiescustody

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In Kramer Levin Naftalis & Frankel LLP headquarters in Paris for a conference about MiCA (Market in Crypto-Assets) legislation. Debate about the opportunities of MiCA for the European banking sector 🇪🇺 Among the key ideas : ✔️One of the opportunities of MiCA is to start the creation of an ecosystem : banking actors will have the possibility to work and discuss about this topic, and to study the possibilities of partnerships... ✔️... But a key question remains : the business models ✔️It is important to pay attention to the risks and to invest in HR policy to attract new talents in crypto-assets ✔️Traditional finance aims at supporting DeFi to create a whole innovative and secure environment : MiCA is one of the legislations that testify to this purpose Thank you Kramer Levin Naftalis & Frankel LLP and Hubert de Vauplane for the invitation. #payments #innovation #finance #cryptoassets PARTELYA CONSULTING European Women Payments Network (EWPN) AEFI Asociación Española de FinTech e InsurTech AFIP - FinTech and InsurTech Portugal CLUB ITALIE-FRANCE AFTE Finance Mag The PAYTECH Book Portuguese Women in Tech Merchant Payments Ecosystem

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Do you want to deepen your legal knowledge on the selection, launch and distribution of Luxembourg fund products? Register for our training session, targeting private equity professionals based in or around Luxembourg.     Our Investment Management partners Marjorie Andre, Maude Royer, Christophe Boyer and Frank van Kuijk will explore the below topics with you in a practical and to the point manner. They will share their insights, practical experience, and are keen to answer any questions you may have.    ➡ Luxembourg fund products - how to select the right product for your strategy and investors? ➡ Regulatory concepts made easy - AIF, AIFMD, eligible and targeted investors  ➡ The capital raising process - introductions, pre-marketing, marketing  ➡ How to onboard retail investors? - clearing the mist on UCI Part II, ELTIFs and RAIF products ➡ Key actors in the fund structure - their functions and impact on the marketing and deal process. ➡ Fund Finance Essentials - delving into Subscription line, NAV financing, and GP/ management line – main characteristics and purpose. 🗓 When? 14 May from 2pm to 6pm (including networking opportunity) 📍 Where? Loyens & Loeff Luxembourg (the training is in-person and is not offered online)   Register now by clicking here ➡ https://lawand.tax/4aO0K3D Navigate our other training sessions here ➡ https://lawand.tax/3xTvS35 #lawandtax #luxembourg #privateequity #training #theacademy

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[PRESS ARTICLE] 🏦 Fund Financing: Investors in the Spotlight As the realm of fund finance evolves, the role of investors becomes increasingly pivotal, be it in the subscription line world but also in the NAV world. In this month’s edition of AGEFI, Melinda Perera and Thibaud Muller explore the dynamics between investors, General Partners, and lenders, throughout the main types of fund financings. Key insights include: ✔ Improved due diligence for lenders regarding rights of investors and restrictions affecting investors. ✔ Enhanced transparency and reporting demanded by investors in the context of NAV financing. For detailed analysis and expert recommendations, read the full article 👇 https://lnkd.in/dqYbGgA #FundFinancing #Investors #AGEFI

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Fabio Trevisan, Partner (Avocat à la Cour) at BSP, will speak on the panel "Experiences of Compliance Programs in the Financial Industry" on October 17th, at the 1st Edition of the Leaders League Compliance Summit: BENELUX, taking place at Comet Meetings - Louise in Brussels, Belgium. 📅 See the 2024 edition program: https://lnkd.in/dJJRRrRW Banking compliance has become increasingly complex and critical in today's regulatory landscape. General counsels face mounting pressure to navigate evolving regulations, manage risks, and ensure accountability across hybrid work environments. This conference will explore cutting-edge strategies for building robust compliance programs that protect banks while enabling innovation and growth in a rapidly changing industry. --- The Leaders League Compliance Summit: BENELUX will bring together over 150 high-level professionals (general counsels, legal directors, compliance officers, risk managers, consultants and experts in the field) in a unique day entirely dedicated to promoting the best compliance practices in the BENELUX region. Over the course of 10 panels, the regions' top leaders and experts will debate on the latest trends and best practices, disseminating knowledge as well as participating in unique networking moments all throughout the day. To learn more about the Summit, contact us at [email protected] #compliance #benelux #avocats #leadership #conformite

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Julien R. Aïdan and Amandine Bozier, product experts at Societe Generale Securities Services - SGSS, explain how private debt has become the choice of the “prince” in the private market segment and present us with the challenges introduced by the regulatory environment that is scrutinising this asset class as it becomes more popular among investors. Read the full feature from our latest edition here:

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[Outlook & Convictions - H2 2024] 𝗘𝘂𝗿𝗼𝗽𝗲𝗮𝗻 𝗲𝗾𝘂𝗶𝘁𝗶𝗲𝘀: 𝗖𝗮𝗽𝗶𝘁𝗮𝗹𝗶𝘀𝗶𝗻𝗴 𝗼𝗻 𝗱𝗶𝘃𝗲𝗿𝗴𝗲𝗻𝗰𝗲𝘀 Monetary policies, economic cycles, corporate earnings momentum, shareholder returns, valuations… rarely have European and US markets moved in such different directions. The current environment is offering European equities a unique chance to stand out from their US counterparts. Investors should not overlook this opportunity! Discover the analysis of Caroline Gauthier, our Co-Head of Equities. #EdRConvictions #AssetManagement #Equity

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Are you looking for a training dedicated to understanding the principles of the Market Abuse Regulation (MAR)? We have a solution for you! Register to our session, coordinated by our expert Cédric Raffoul, Partner in the banking and capital markets department of PwC Legal Luxembourg. ➡ https://lnkd.in/ghg3vWv5 #marketabuse #markettransparency #regulation #risks #training

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 🔎 Adan responds to ESMA's consultations on the technical standards of the Markets-in-Crypto-Assets (#MiCA) regulation. In January 2024, the European Securities and Markets Authority (#ESMA) launched two public consultations on level II texts, crucial for market participants and their surveillance: - Consultation on the "Qualification of crypto-assets as Financial instruments" 👉  Adan supports ESMA's case-by-case approach, which promotes harmonization and a balanced competitive environment within the #EU. 👉 Specific recommendations have been made to distinguish #NFTs and other unique crypto-assets from traditional financial instruments, thus avoiding unnecessary regulatory burdens. 👉 On Hybrid tokens, Adan proposes a hierarchical evaluation method to prioritize the token's main function, ensuring a proportional regulatory approach that aligns with the token’s primary use. - Consultation on "Reverse solicitation": 👉 Adan recognizes ESMA's efforts to protect investors and prevent the circumvention of the MiCA regulations. However, the Association warns of the risks to fairness and investor protection if the concept of "reverse solicitation" remains too broad and vague. Indeed, Adan advocates for the exemptions from reverse solicitation to remain strictly defined to ensure clarity and consistency in the rules governing interactions between entities outside the EU and European clients. 👉 Enhancements to current coercive measures, such as the application of "name and shame" principles and the use of geoblocking for non-compliant actors, are also proposed. Thank again to ESMA for the opportunity to contribute to a regulatory framework that supports development and innovation in the #crypto-assets industry in Europe. 🇪🇺 https://lnkd.in/eKi_fyiq

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#MemberNews 🇫🇷 Stéphanie Le Men-Tenailleau from CELIA Alliance member firm GALAHAD shares her insights on the double taxation risk for non-resident executive corporate officers of French companies. Read the whole article here: https://lnkd.in/euwT-U_k  - #Tax #BusinessSupport #LabourLaw #globallegalnetwork #lawfirmnetworking #internationallegalcommunity #globallegalcommunity #legalnetworking #internationallegalnetwork #lawfirmalliance #GlobalMobility #InternationalHR #Frenchlaw

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[Wolters Kluwer in the News] Starting this November, EU banks must comply with the European Banking Authority (EBA) enhanced quarterly reporting requirements on interest rate risk. This mandate calls for detailed, granular reporting on rate-sensitive assets, liabilities, derivatives, and off-balance-sheet items—posing significant compliance challenges, especially for smaller banks. As Jeroen Van Doorsselaere, VP of Global Product & Platform Management, notes, “Feedback from the banking industry suggests that many banks may not be fully prepared to meet these new compliance standards." While increased scrutiny aims to bolster stability and risk management across the EU, the question remains: Are banks ready? Read more in The Banker article: https://loom.ly/VxgKSig #WoltersKluwer #IRRBB #EBA #InterestRateRisk

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We have advised the shareholders of TECHNAMM, an expert in lightweight all-terrain vehicles, on the structuring and financing of a primary minority buyout sponsored by BNP Paribas Développement, Bpifrance and AfricInvest Group. Read more: https://lnkd.in/d3rSuU45 The arrival of BNP Paribas Développement, Bpifrance, and AfricInvest in the shareholding structure, together with three key managers, will enable the company to accelerate its industrial development, reinforce its export strategy mainly in Africa and Eastern Europe, and consider external growth opportunities to integrate complementary activities, increase its know-how, or internalise value-added activities. #Industrials #Automotive #CorporateFinance #StrategicBuyout #France 

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Regnology Acquires VERMEG's RegTech Division – AGILE – to Solidify Position as Global ...: ... regulatory reporting division – AGILE – which was previously part of ... regulatory reporting solutions for large banks and other financial ... #regulatoryreporting #regulation #finperform

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🚀 Exciting News from Cortus Advisory Group! 🚀 We’re thrilled to announce a new strategic partnership with MORTIER & Associés, a leading Transaction Services practice in France. The collaboration will enhance the support we offer clients involved in cross-border transactions with both firms acting as preferred local partners in each other's markets, providing clients with top-tier transaction services across borders. Built on a foundation of shared core values, with a focus on people, client service excellence and an entrepreneurial spirit we hope to be able to offer agile and comprehensive solutions for businesses navigating international operations.   Nicola Merritt, CEO of Cortus Advisory Group, shared, "We are excited to expand our footprint across Europe with this strategic partnership. After a year of success and recognition for Cortus Advisory in our regional UK markets, this partnership marks another step in our growth. By working together, we’ll continue to deliver exceptional value and drive transformative success for businesses across the region." Looking forward to the next chapter! 🌍 #CrossBorderTransactions #MergersAndAcquisitions #InternationalBusiness

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CMS Albiñana & Suárez de Lezo has provided legal counsel to Société Civile de Placement Immobilier (SCPI) Epsilon 360, managed by the French investment firm Epsicap REIM, in the acquisition of a new commercial asset in Murcia. The deal was spearheaded by Alvaro Otero MRICS (pictured), a partner in CMS’s Real Estate division, with support from Jorge Durán, an associate in the same practice area. #IberianLawyer #acquisition #realestate #lawfirm #lawyers Read the full article --> https://lnkd.in/db7wVZKX

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