01/04/2023
PRIIPs Q&As updated for Level 2 rules applying from 1 January 2023
Ahead of amended Level 2 rules coming into effect on 1 January 2023, the ESAs amended their Q&As on the PRIIPs KID.
Government Regulation
01/03/2023
New requirement - Advertising for Cayman Islands temporary work permits
Generally speaking, anyone wishing to work in the Cayman Islands must first obtain permission to work, unless they are Caymanian.
01/03/2023
Mayer Brown launches Joint Law Venture with PK Wong & Nair LLC and outlines investment plans in Singapore
We plan significant investment in the JLV over the next two years to further bolster our commitment to Singapore and the legal services we can provide our clients across the region,” said Yu Jin Tay, Mayer Brown’s Singapore Office Managing Par
01/03/2023
The NIS 2 Directive establishes new cybersecurity requirements for medical device manufacturers
Cybersecurity requirements established in the NIS 2 Directive apply to medical device manufacturers
12/30/2022
New EU rules applying to non-EU companies
Turkish companies meeting the conditions laid out in the Directive will need to take into account the new sustainability reporting standards imposed by the EU and to implement new procedures in that respect.
12/30/2022
Changes to UK electricity generator levy welcomed
The draft legislation also includes new details on how the tax will apply to joint ventures and groups, and a clarification on the practical consequences of paying the levy.
12/30/2022
Expanding Singapore companies can hire more S Pass, work permit holders
The scheme is called Manpower for Strategic Economic Priorities (M-SEP) and was launched by Singapore’s Ministry of Trade and Industry (MTI) and the Ministry of Manpower (MOM).
12/27/2022
New developments for E-1 and E-2 investors from Portugal and citizenship by investment passport holders
The E-1 is a nonimmigrant visa that allows a national of a treaty country to engage in international trade with the United States.
12/27/2022
What next for public registers of beneficial owners?
The Channel Islands have carefully monitored these arguments for decades and have a strong history of meeting international standards relating to beneficial ownership.
12/27/2022
Further OECD consultations on BEPS Pillars One and Two
The OECD has announced further consultations, including on the terms of a draft multilateral convention for the removal of domestic digital service taxes.
12/23/2022
Pro Bono Client Receives Clemency — Just in Time for the Holidays
All-women team succeeds in achieving clemency for a 60-year-old survivor of domestic violence.
12/22/2022
Dentons extends Trainee Principal role to include responsibility for Apprentices
Dentons also furthers its commitment to apprenticeships by participating in Legal Apprenticeships Pledge
12/22/2022
Latham & Watkins Advises Terns Pharmaceuticals in Pricing of US$75 Million Public Offering
A capital markets team advises the clinical-stage biopharmaceutical company in the offering.
12/22/2022
UAE central bank to launch instant payment platform
The CBUAE also emphasised the importance of financial institutions and eligible payment services providers to ensure their readiness to adopt the IPP in accordance with the approved action plan.
12/21/2022
Regulator consults on overhaul of DB pension scheme funding regulation
Although the intervening period has brought pressure for TPR to change its approach in the light of unforeseen economic challenges – notably from Covid-19 and war in Ukraine – TPR has refused to be blown off course.
12/21/2022
UK Pensions Regulator consults on new defined benefit funding code
The draft code, fast-track parameters and proposed regulatory approach have been released for industry feedback
12/21/2022
IFC Investment to Boost Access to Finance for Green Housing in Romania
In Romania, access to housing finance is still limited, and IFC's financing will help develop the green housing loan market.
12/21/2022
Proposed Reforms to the UK Securitisation Regulatory Framework
Although the regulators’ exact rulemaking approach is still under development, the majority of the rules currently in the UKSR are expected to be maintained in the FCA and PRA rules.
12/20/2022
Brussels briefing paper: European Commission issues guidance on merger control submissions under Article 22 EUMR
For merging parties, the change raised the prospect of the Commission intervening in transactions that competition regulators in the EU would not have previously reviewed at all.
12/20/2022
Cayman schemes – where are we now?
The scheme of arrangement of China Vast was approved by the Cayman Court and became effective on 5 December 2022,