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EU supply chain legislation: member states call for gradual approach

The Council's compromise text now expressly provides for a right of full compensation for victims of human rights or environmental adverse impacts.

New flexible working rights good news for employees

The Employment Relations (Flexible Working) Bill (5 pages / 101KB PDF), proposed by Yasmin Qureshi MP, will require employers to consult with an employee before rejecting a flexible working request, and make a final decision within two months instead of t

Contracting with segregated portfolio companies — what any lender should know

The priority position with respect to the security will relate only to the specific segregated portfolio and will have no bearing on that of any other segregated portfolio.

Central Bank finalises macroprudential policy framework for Irish property funds

The framework, which was published after an industry consultation, also contains guidance to limit liquidity mismatch in property funds.

FCA proposes new regime for mainstream UK investment financial advice

The proposals have been made following the regulatory body’s recent Financial Lives survey, which found around 4.2 million people in the UK hold more than £10,000 in investable assets mostly or entirely cash and are open to investing some of i

Mourant acquires Luxembourg legal and governance services business

The acquisition will enable Mourant to provide clients with legal, corporate and entity management services from Luxembourg, one of the world's leading international finance centres and the second largest global funds centre.

Guernsey Listed Funds

Guernsey's companies law includes many English companies law principles

Update on s.21 gateway: FCA consults on introducing gateway for firms which approve financial promotions for unauthorised persons

Firms which approve financial promotions for unauthorised firms should review and consider these proposals carefully.

EU GDPR Rules for intra-group international data transfers updated

The guidance is entitled “Recommendations 1/2022 on the Application for Approval and on the elements and principles to be found in Controller Binding Corporate Rules (Art. 47 GDPR” (the “Recommendations”).

European Court of Justice Decision on Public Beneficial Ownership Registers

The means utilized to achieve these aims often interfere with and/or provide exceptions to the enforcement of individuals’ rights to privacy and confidentiality, as are recognized in democracies across the globe.

IT issues delay Unified Patent Court start to June 2023

The UPC is being set up to provide a dedicated judicial system for litigating new unitary patents.

Singapore’s platform workers will get more protection in work

Platform workers are generally not classified as employees in Singapore.

SEC Staff Grants Temporary Relief from Compliance with Rule 15c2-11 for Rule 144A Fixed Income Securities

Participants in the Rule 144A fixed-income security market, who have been grappling with how to ensure compliance with the Rule, now have an additional two years to consider the issue.

Rulings on Irish directors’ obligations should give directors ‘pause for thought’

Keenan said both cases demonstrated the importance of the obligation on directors to act in good faith in what they believe to be the best interests of the company.

Court backs cryptocurrency exchange bid to trace alleged fraudsters

The six cryptocurrency exchanges have also been ordered to explain

Grand Court confirms successor protector following resignation

The brief background was that in July 2020, the protector wrote to the trustee to tender her resignation with immediate effect but failed to appoint her successor.

ECJ Rules Public Access to Beneficial Ownership Information Invalid

The introduction of publicly accessible Ownership Registers gave rise to concerns from an invasion of privacy perspective.

UK government set to publish Digital Markets, Competition and Consumer Bill

The Bill, which will be likely to result in important reforms to consumer protection and competition law, will also give the Digital Markets Unit (DMU) legislative powers to enforce a new regulatory regime.

Bird & Bird Diversity and Inclusion Endowment Fund joins forces with Droit comme un H! association to promote lawyers with disabilities

The association detects talent from the Bachelor's degree onwards, searches for potential employers, promotes disability in the legal professions through visibility and lobbying actions.

New OfS enforcement deal raises consumer law compliance pressure on universities

The deal between the OfS and National Trading Standards illustrates both the OfS’ commitment to sector wide consumer law compliance, but also perhaps its lack of internal resource to regulate

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