09/30/2022
New right to work check arrangements in the UK
After 30 September, it will no longer be possible to complete right to work checks remotely by using a video call to verify documents.
Government Regulation
09/30/2022
Trading venues consultation suggests FCA shift from EU regulatory approach
The regulator also plans to publish Q&As in PERG on the application of the general guidance to specific types of arrangements covering voice brokers
09/30/2022
Irish Budget 2023: Implications for International and Irish Business
This is the annual statement on the proposed Irish government tax measures and budgetary expenditure.
09/30/2022
New Obligations for Irish Entities on UK Land Ownership
Companies House has issued guidance3 on these new obligations.
09/30/2022
Cayman Islands Regulatory Update - The Economic Substance Return Filing Deadline Draws Closer
In our latest economic substance briefing, Appleby and its affiliate Appleby Global Services remind clients subject to the ES Test of this economic substance filing obligation.
09/29/2022
Updated Deregistration Rules for Cayman Islands Regulated funds
The principal aim of the updates is to streamline the process for deregistering mutual funds and private funds.
09/29/2022
SEC and CFTC Jointly Propose Amendments to Form PF Regarding Digital Assets
As a general matter, the proposal is intended to bolster the SEC’s regulatory oversight of private fund advisers and investor protection efforts.
09/28/2022
Litigation case update: when will a parent company have to give disclosure of a subsidiary's documents?
The case provides both a succinct summary of the law in this area
09/28/2022
BVI Business Companies (Amendment) Act, 2022; And BVI Business Companies (Amendment) Regulations, 2022
The Amendments incorporate a number of significant changes to the BVI Business Companies Act (as amended, the BCA) and accompanying BVI Business Companies Regulations (as amended, the Regulations).
09/28/2022
The UK Government introduces the Economic Crime and Corporate Transparency Bill
On 22 September 2022, the Economic Crime and Corporate Transparency Bill (the “Bill”) was introduced to Parliament.
09/28/2022
Dubai implements emirate-specific ‘musataha rights’ under new decree
A musataha is akin to a long-term development lease, allowing the holder of the musataha right to develop, use and mortgage a plot of land owned by a third party.
09/27/2022
DOJ Announces New Changes to Corporate Criminal Enforcement Policies
The DOJ Memo was published eleven months after DAG Monaco had announced the establishment of a Corporate Crime Advisory Group to consider revisions and reforms on the DOJ's approach on corporate crime
09/26/2022
Recent Amendments to BVI Company Law: Four Key Changes
A BVI company is currently required to keep records and documents that enable the financial position of the company to be determined with reasonable accuracy.
09/26/2022
Cayman Islands Anti-Money Laundering Surveys for Financial Service Providers
The AML surveys will assist the Authority in the exercise of its functions, including the collection of AML / CFT / CPF and sanctions data from FSPs.
09/26/2022
S&C Obtains Summary Judgment for Goldman Sachs in ERISA Class Action
The Goldman Sachs 401(k) plan is one of the largest in the country, with between $6.3 billion and $7.5 billion in assets under management during the class period.
09/26/2022
Supply chains – EU proposal to ban products tainted by forced labour
EU moves to ban products linked to forced labour, putting further spotlight on corporate supply chain, investigations and due diligence.
09/26/2022
GCs should promote wellbeing in response to hybrid working shift
A survey conducted by the UK Office for National Statistics (ONS) earlier this year revealed that more than 80% of workers who had to work from home during the coronavirus pandemic said they planned to hybrid work.
09/26/2022
Truss and Kwarteng drive change in UK economic policy
The chancellor has announced that the 1.25% increase to National Insurance will be reversed from 6 November and the proposed increase to corporation tax will be cancelled as anticipated.
09/26/2022
The 'not a Budget' Budget
The Office of Tax Simplification will be closed down and its onerous mandate of simplifying the tax code passed to the Treasury and HMRC.
09/23/2022
US DOJ Announces Major Policy Updates on Individual Accountability, Recidivism, Monitorships, and Corporate Culture
The DOJ will place the greatest weight on prior US criminal resolutions, according comparatively less weight to domestic civil and regulatory matters and any foreign matters.