11/01/2022
US SEC releases new rule on executive compensation clawbacks
This new rule dovetails with the DOJ's efforts to target individual actors who may be viewed as responsible for corporate wrongdoing.
Government Regulation
10/31/2022
Germany temporarily relaxes insolvency law
The new rules will be implemented by the previous Covid 19 Insolvency Suspension Act
10/31/2022
BVI VASP Update: A Two Step Approach
Although the final text of the new VASP Act is not yet published, the definitions of a VASP and a virtual asset service in the draft law currently mirror those in the AMLR and Code and are not expected to change.
10/28/2022
Insolvent Trusts: the Order of Priority is……
There were insufficient funds to meet the claim, let alone those of other creditors.
10/28/2022
Guernsey introduces a summary civil forfeiture procedure: what does this mean for trustees?
The summary procedure will apply where assets in a Bailiwick bank account have been the subject of "no consent" for at least a year.
10/27/2022
Response to FCA's publication of consultation on sustainability disclosure requirements
Although the FCA's proposal are not inconsistent with the EU SFDR, the proposals are fundamentally different to the EU SFDR requirements.
10/27/2022
Technology companies’ impact on financial services competition studied by FCA
The FCA’s views were set out in a new discussion paper that explores the potential competition impacts of the entry and expansion into retail financial services markets by major technology companies.
10/27/2022
Education: Office for Students announces new regulatory requirements to tackle harassment and sexual misconduct in higher education
The OfS will conduct the consultation in early 2023, with the aim of finalising the condition in time for universities and colleges to comply with the new requirements by the start of the next academic year.
10/27/2022
HSBC ads ruled to be greenwashing by the ASA; a warning to other banks?
This is the first time the UK's advertising watchdog has upheld a complaint for 'greenwashing' by an advertiser in the financial industry.
10/27/2022
Charity Commission publishes new guidance on political activity and campaigning by charities in the UK
The Commission’s approach to charity campaigning comes against the backdrop of a newly-launched campaign by a coalition of environmental charities
10/26/2022
Jersey Company Law Series – Demergers
A Demerging Company may also survive, if desired, as a separate entity, being known as the “Survivor Company”.
10/26/2022
Dentons provides pro bono guidance in the launch of YesHelp: The app helping displaced Ukrainians
The innovative app developed by non-profit organization YesHelp will connect Ukrainians in need to communities in 60+ countries
10/25/2022
Insurance outsourcing arrangements in Luxembourg will require more attention
The CAA has developed a standardised notification form that insurers and reinsurers can fill in and submit to it, and its letter provides guidance on the type of information that the firms should include in their written notifications.
10/25/2022
Dechert Partners with The Displaced Legal Talent Initiative to Support Hiring of Displaced Legal Professionals in the UK
There are thousands of displaced legal professionals who are living a precarious existence while waiting for resettlement.
10/25/2022
Mayer Brown to enter Joint Law Venture with PK Wong Nair LLC in Singapore
All Singapore court litigation and related advice is provided through PK Wong & Nair.
10/25/2022
New Statutory Directors Duty to Have Regard to the Interests of Creditors
The 2022 Regulations transpose the EU Preventive Restructuring Directive (2019/1023) (the "Directive") into Irish law.
10/24/2022
Herbert Smith Freehills Pro Bono Team Secures Finance for Education in Sierra Leone
Members of the firm's London-based finance, corporate and arbitration teams provided pro bono advice to Bridges Outcomes Limited, the arm of Bridges Fund Management focused on supporting social outcomes contracts.
10/24/2022
Hong Kong Companies Registry has introduced a New Inspection Regime promoting enhanced protection to sensitive personal information
Only "specified persons", including but not limited to a solicitor or foreign lawyer, or a financial institution or designated non-financial businesses and professions, could apply to the to Hong Kong Companies Registry (CR) for access to Protec
10/21/2022
Jersey economic substance and withdrawal of COVID concession
Now that travel restrictions have been removed and isolation requirements have been relaxed, the Jersey Comptroller has withdrawn this concession.
10/21/2022
Hogan Lovells achieves Mansfield Rule Certification Plus in the U.S. and UK for its efforts in diversity, equity and inclusion
Firms must also create and publish job descriptions and appointment and election policies for leadership roles within their firms.