04/18/2023
Hogan Lovells appointed Monitor to oversee compliance with policing agreement between DOJ and City of Cleveland
Hogan Lovells Partner Karl A. Racine will lead the monitoring team.
Government Regulation
04/17/2023
FCO one step closer to obtaining unprecedented intervention powers following governmental approval of draft German competition law reform
The draft will now enter the legislative procedure.
04/17/2023
How to apply for a British Virgin Islands virtual asset service provider licence
The Act contains a prohibition that no person should carry on, in or from within the British Virgin Islands, the business of providing a virtual asset service without being registered by the regulator in that regard.
04/17/2023
The New Commercial Planning and Environmental division of Ireland's High Court that becomes effective from today
This new list will hopefully alleviate delays and will enable more efficient management by the Courts of the broad range of planning and environmental cases
04/17/2023
Western Australia closes consultation on draft decarbonisation bill
CCS involves the capture of greenhouse gases from carbon intensive industries, such as mining and oil and gas, and injecting those greenhouse gases back into the ground, with the intent of offsetting the total emissions from those industries.
04/17/2023
Recent changes to Jersey's AML/CFT regime – a user-friendly summary and FAQs
Existing entities which were previously out of scope have until 30 June 2023 to comply with the new regime.
04/17/2023
Online tool to determine if the recent changes to Jersey's AML/CFT regime applies to an entity
This tool has been developed in connection with the Proceeds of Crime (Jersey) Law 1999
04/17/2023
Public Holidays - Can You Require an Employee to Work
With ANZAC Day fast approaching, employers should take careful note of this decision and consider whether any requests for employees to work on that day are, in fact, reasonable.
04/17/2023
UK government confirms new corporate criminal offence of failure to prevent fraud Significant development for corporate criminal liability
This new offence would be a game changer for law enforcement – bringing the law on fraud in line with bribery.
04/14/2023
‘Failure to prevent’ fraud offence to apply in UK to large organisations
The move comes at a time when fraud has been calculated to account for 41% of all recorded crimes in the UK.
04/14/2023
Cayman Islands: recovery of foreign attorneys' fees for successful litigants
The Cayman Islands does permit foreign attorneys to be admitted on a temporary basis
04/14/2023
The reuse and transfer of data held by public sector bodies under the EU Data Governance Act
The new legal framework arising from DGA should improve the flow of data within European cross-sectoral value chains and create specific data common spaces in various sectors of the economy.
04/14/2023
New UK "failure to prevent fraud" offence
Significantly, anti-money laundering offences are not included.
04/13/2023
BVI update to the Economic Substance rules
The ITA issued such rules (the “ES Rules”) on 9 October 2019, and these wereupdated on 10 February 2020.
04/13/2023
The use of British Virgin Islands Trusts in the Middle East
The BVI specialist trust legislation is the Virgin Islands Special Trusts Act (VISTA), which disengages certain traditional trustee duties in relation to certain trusts that own shares in BVI companies.
04/13/2023
Transfer by way of continuation out of the Cayman Islands
The migration procedures and documentation are similar to that of the continuation of an Exempted Company.
04/13/2023
Proposed EU AML/CFT Regulation: Cryptoassets are key focus of ECON/LIBE Committees’ adopted position
While the package is broad ranging with the objective to strengthen the EU’s AML / CFT rules, there is a large focus on the cryptoasset industry, and last month’s vote was indicative of this.
04/12/2023
Credit Suisse Former Clients Likely to Come Under Heightened IRS Scrutiny for Credit Suisse's Purported Continued Role in the Hiding and Failing to Report Offshore Accounts
It goes without saying that this report, in conjunction with the recent turmoil in the international banking sector, raises additional questions regarding just how much money is held abroad in exotic locations and structures designed to obfuscate true own
04/12/2023
Heightened EU product safety rules introduce obligations for online marketplaces
Member states will now need to formally endorse the new rules, before their publication in the EU Official Journal and entry into force.
04/12/2023
Singapore streamlines foreign civil judgment reciprocal enforcement law
The consolidation of countries under the RECJA into the REFJA will allow a wider range of enforcement options under the REFJA route.