03/17/2022
US Enacts LIBOR Transition Law
The LIBOR Act also includes language that modifies benchmark spread adjustments applicable to consumer loans for a one-year period.
Government Regulation
03/17/2022
Core role of Irish regulator in EU data protection cases highlighted
The purpose of the mechanism is to allow businesses to deal with just one data protection authority in relation to their EU operations, as opposed to DPAs across all EU member states.
03/17/2022
High Court gives short shrift to request for stay of injunction for rebranding
In what may ultimately be perceived as a strategic coup, the High Court grants VAGISAN a 3-week stay to facilitate rebranding pending the outcome of an application for permission to appeal
03/16/2022
UK regulators warn cryptoassets cannot be used to circumvent sanctions
Financial crime and intelligence expert Hinesh Shah of Pinsent Masons said the statement puts the cryptoasset industry on notice that UK regulators will act against sanction breaches, and that attempts by sanctioned parties to use cryptoassets to circumve
03/16/2022
Fast-changing sanctions environment poses risks for borrowers
Loan documents often contain more onerous sanctions provisions than those prescribed by government.
03/16/2022
EU securitisation vehicles to be in scope of ATAD 1 interest limitation rules
This development comes a result of a reasoned opinion, addressed to Luxembourg by the EU Commission, in which it stated that it considers the list of financial undertakings within the meaning of ATAD 1 as a static one, which therefore cannot be extended t
03/16/2022
UK to end extradition to Russia
This move by the Government firmly slams the door shut.
03/16/2022
Ukraine: Talk of Full Confiscation Risks «Rule of Law»
The UK government is discussing whether to place refugees in the mansions of wealthy Russians, effectively confiscating them.
03/16/2022
Cyber Incident Reporting for Critical Infrastructure Act Signed Into US Law as Part of Omnibus Appropriations Legislation
The legislation also provides a suit dismissal provision associated with the new reporting requirements.
03/16/2022
To arbitrate or not to arbitrate? – The pertinent question for non-signatory third parties
On this basis, the extension of the arbitration agreement has been successful in the context of a group of contracts and where several companies from a same group take part in a complex contractual relationship.
03/16/2022
Asset protection for foreign investors in Russia: international and domestic remedies
Russia has IIAs in force with various States.
03/16/2022
Electronic Signatures and Registered Land - No Change in Practice Despite New Irish Regulations
The Regulations apply to interests in registered land only.
03/16/2022
Employment Practice: Alert
Special solutions adopted for Ukrainian citizens in connection with the armed conflict on the territory of that state
03/16/2022
An introduction to the Zondo Commission in South Africa
The findings of the Commission are likely to have a profound impact on the activities of public authorities in the country and on private companies and individuals that operate in South Africa and abroad too.
03/15/2022
SEC Proposes New Rules on Public Company Cybersecurity Disclosures
Under the existing regulatory framework, neither Regulation S-K nor Regulation S-X expressly requires that cybersecurity risk management procedures, cybersecurity risks or incidents be disclosed.
03/15/2022
Aircraft registries count the cost of sanctions
Bermuda’s government last week announced it expects a multimillion-dollar loss in fees from enforcing sanctions on Russian planes registered in the island.
03/15/2022
Biden Executive Order Calls for Regulatory Proposals on Digital Assets and Central Bank Digital Currency
Financial stability risks and regulatory gaps posed by various types of digital assets.
03/15/2022
New Powers for Companies House sweeping in to oversee British and Overseas Business Entities
Companies House will, in future, play a major role in preventing the abuse and the reforms to the role of Companies House will be fundamental to the control of white-collar financial crime.
03/15/2022
MAS Announces New Financial Measures for Russia Dealings
Financial measures in relation to Russia
03/15/2022
Tencent Faces Possible Record Fine for Anti-Money-Laundering Violations
China’s central bank found regulatory breaches and lapses during recent inspection of the ubiquitous payments network