ING announced today that Ljiljana Čortan will be appointed chief risk officer of ING. Ljiljana Čortan until recently served as chief risk officer of HypoVereinsbank – UniCredit Bank (HVB) in Germany. She will succeed Steven van Rijswijk, who was appointed CEO of ING effective 1 July 2020. Ljiljana Čortan will be appointed as chief risk officer and member of the Management Board Banking effective 1 January 2021. The Supervisory Board will propose to shareholders to appoint her as member of...

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"Advisory committees are becoming intertwined with fund operations", say Troutman Pepper partner Julia Corelli and associate Patrick Bianchi | With increasing regulatory scrutiny on fees and expenses, fund managers are turning to their limited partner advisory committees (LPACs) more as a body with approval rights than for oversight by significant limited partners (LPs). While managers seek greater transparency and protection from second-guessing with the benefit of hindsight, LPAC members’ increasing responsibilities raise concerns of time commitments, conflicts, compensation and liability. Compared...

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Troutman Pepper, an EACCNY member, recently published this report in association with PEF Services and Withum | This latest iteration of our biennial survey examines how funds are allocating fees and expenses between GPs and LPs. Originated in 2014, this 2020 report shows several emerging trends, including: Key findings from this year’s survey and trends over the years The ILPA effect Role of the LPAC Conflicts over co-investment Who pays for outsourcing costs Fund term extension issues DOWNLOAD REPORT Contacts: Julia Corelli, Partner | julia.corellitroutman.com Stephanie Pindyck Costantino, Partner | stephanie.costantinotroutman.com Genna...

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Welcome to our CMS Expert Guide on sexual harassment in the workplace. How different countries responded to the #MeToo movement and how the law regulates workplace harassment on a global scale were key drivers in carrying out this report. 2020 has seen an unprecedented period of workplace change compounded by significant personal uncertainty. As workplaces around the world adjust to new ways of working employers have an opportunity to promote a positive workplace culture and reduce harassment complaints. Offering a range of insights on...

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Several issues that have cast a pall over the business and investment climate are likely to be lifted shortly.  Many still fear that the results of the US election will not be known for an extended period of time, but we note that a metric of fear, the difference between November and December VIX (S&P volatility) futures was at a six-month low before the surge in contagion spurred the biggest equity sell-off in four months as October wound down The...

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The Court of Justice of the European Union (the "CJEU") has issued a judgment clarifying the rights of parallel import licence holders. It ruled that the mere expiration of a marketing authorisation of reference does not affect the associated parallel import licence. The parallel importers rights may only be restricted if justified by specific circumstances relating to protecting public health. Authorities refuse to adjust dosage instructions Kohlpharma, a German pharmaceutical company, obtained a parallel import licence to import a medicinal product in tablet...

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