08/09/2022
FCA reforms rules for financial promotions
This rule is known as the “financial promotion restriction” and is set out in section 21 of the Financial Services and Markets Act 2000 (FSMA).
Government Regulation
08/09/2022
Defamation law reform in Scotland takes effect
Horsman and Beaumont said there are two main changes in the Act that are liable to limit the number of defamation claims raised in Scotland.
08/09/2022
UK national security order impacts IP licensing agreement
It is the first time the government has used its powers under the NS&I Act to block a transaction since the NS&I Act came into force earlier this year.
08/09/2022
UK’s new public sector fraud authority ‘more important than ever’
The new authority will be made up of counter-fraud and data experts
08/09/2022
Rumour has it… what information-sharing is permitted between foreign investment and merger control authorities?
Many jurisdictions now permit information-sharing between the foreign investment and merger control authorities to help identify and review relevant transactions.
08/09/2022
Maples Group Announces Three-Year Partnership with Cayman Connection
It is our hope that this financial commitment will enable Cayman Connection to continue providing invaluable services, support and programmes to overseas Caymanian students.
08/09/2022
Cayman's beneficial ownership register regime
This Guide looks at the requirements of the beneficial ownership regime, the exemptions available and the consequences of failing to maintain a beneficial ownership register in accordance with the relevant legislation.
08/08/2022
Bermuda Expands Applicability Of Its Investment Business Regime
Pursuant to both the Current IBA and the Amended IBA, “investment business” means engaging in one or more investment activities specified in the statute by way of business.
08/08/2022
Draft DB funding and investment regulations: the next step in the journey
The Draft Regulations say that the maturity of a scheme is to be measured by the duration of its liabilities, meaning the discounted average time until pensions and other benefits are paid.
08/08/2022
China Amends Rules for Merger Control Filing and Review
China has increased fines for failure-to-file/gun-jumping for undertakings and individuals.
08/08/2022
UK’s National Crime Agency Suspects Auction Houses Are Being Used To Evade Sanctions
It is no secret that certain Russian oligarchs have deep roots in the art industry and have in the past used high-value art to circumvent sanctions and to launder money.
08/08/2022
Fintech Laws & Regulations Report 2022 – The Bahamas
The chapter, which is now available, outlines the fintech landscape, funding for fintech, regulatory regime, accessing of talent and technology in the jurisdiction.
08/08/2022
An Offshore Perspective on the Impact of New US-PRC Laws on China VC
The current and prospective impact of the new US-PRC laws and regulations on Cayman structured China VC companies mean that issuers must now consider different strategies:
08/08/2022
Opalesque Roundtable: The Bahamas’ Pioneering Legal Groundwork for Digital Assets Industry
The Roundtable report, which was published today, features fintech partner, Christel Sands-Feaste as one of the expert contributors.
08/05/2022
Clarity for Creditors When Settling with Multiple Debtors
In a significant judgment delivered earlier this year1 , the Court of Appeal held that those provisions of the Act do not apply to claims for the recovery of debts.
08/05/2022
Switching to SOFR: Proposed Rule Published to Implement the 2022 Federal LIBOR Act
The contracts include those governed by [US] law that do not mature before LIBOR ends and that lack adequate fallback provisions.
08/05/2022
Register of Overseas Entities holding UK land
The key point to highlight is that the register is not a register of beneficial ownership of UK land.
08/05/2022
The Procurement Bill: progress through the House of Lords
Following the UK’s exit from the EU, the government has set out major reforms to the rules governing public sector buying in the new Procurement Bill
08/04/2022
Russian sanctions evasion – key indicators for regulated firms
The principal focus of the Alert is the transfer of assets from a DP prior to asset freezing sanctions being imposed, particularly where the staggered imposition of asset freezes across a number of jurisdictions gives DPs the opportunity to move assets.
08/04/2022
Simmons supports Mainstream on Lekela Power disposal
Simmons has advised Mainstream Renewable Power Africa Holdings Limited (MRPAH), on the sale of its interest in Lekela Power.