11/02/2022
Data disposal – risk management
Organisations must ensure that the period for which the personal data is stored is kept to a strict minimum, with clear time limits for erasure
Government Regulation
11/02/2022
U.S.-listed companies will soon be required to adopt compensation clawback policies
Dodd-Frank Act-mandated rule will apply to foreign private issuers and emerging growth companies
11/02/2022
New ASA rules will force gambling brands to rethink ad campaigns
It said marketers should ask where a character they plan to use originates from
11/02/2022
Trading of SillaJen stocks has renewed in two years and five months after the decision not to delist the company
The Capital Markets Group of Dentons Lee, led by Partner Ghil-Won Jo, with assistance of Attorneys Weon-Jae Yang and Yun-Sil Jang, thoroughly analyzed the situation and rendered comprehensive legal advice.
11/01/2022
Stephenson Harwood partners with litigation intelligence provider Solomonic
Users have the ability to track more than 60,000 claims, 130,000 parties and 5,000 law firms, as well as glean insights on case prospects and past litigant behaviour.
11/01/2022
Dutch money laundering amendments to prompt greater AI use in transaction monitoring
The Council of State was unusually critical about the lack of data protection safeguards in a previous draft of the Act.
11/01/2022
Pensions disputes: Ombudsman addresses out of time complaints
A cashflow analysis established that, on the facts in place at the time, the scheme would run out of funds within a year.
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.
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.