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.
Government Regulation
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.
08/04/2022
Financial services regulatory update - August 2022
The new regime is a key component of the FCA's Consumer Investment Strategy, which it published in September 2021.
08/04/2022
Decryption - understanding virtual asset regulations in the EU, UAE and UK
Policy makers, governments and regulators in different jurisdictions have taken varied approaches to crypto-assets, and activities related to them.
08/04/2022
Gender pay gap in UK energy sector falls but energy transition risks progress
This action is welcome, particularly at a time when the sector is grappling with challenges around energy security, climate-related policy and regulation, and the skills shortage.
08/04/2022
A matter of Principle (12): FCA finalises Consumer Duty rules and guidance
The Consumer Duty will apply to new and existing financial products and services that are open for sale or renewal from 31 July 2023
08/03/2022
US Inflation Reduction Act Includes Changes to Carried Interest Taxation
Congress enacted Section 1061 as part of the 2017 Tax Cuts and Jobs Act to reform the tax treatment of service providers that receive a carried interest in funds or certain other investment vehicles.
08/03/2022
Bahamas: Aviation Finance & Leasing
The Guide is produced in association with The World’s Leading Lawyers.
08/03/2022
Hong Kong SFC's New Rules on Bookbuilding & Placing Activities Come into Effect – 5 August 2022
This latest note summarises additional guidance issued by the regulators and transitional arrangements for offerings that will straddle the effective date of the new requirements.
08/03/2022
Germany’s BaFin clarifies rules for fund distribution and pre-marketing
In Germany, this means that almost every exchange between the fund manager
08/03/2022
Post-planning permission habitats assessment requirements clarified
The confirmation came in the form of a written ministerial statement issued by environment secretary George Eustice towards the end of last month.
08/03/2022
Proposed English law reforms position the UK as a global hub for digital assets
The Law Commission’s consultation paper builds on this momentum and makes further strides towards developing a strong, sensible and flexible UK framework to accommodate the innovative potential of digital assets.
08/03/2022
Commencement date confirmed for Cayman Restructuring Officer Regime
The Amendment Act introduces a new corporate restructuring process and the concept of a dedicated restructuring officer into the Cayman Islands Companies Act (2022 Revision).
08/02/2022
TLT partners with Belmont Estate to restore nature, climate and community
The partnership is part of TLT’s commitment to working with other sustainability-minded organisations
08/02/2022
Guidance Notes on Complying with Beneficial Ownership Obligations in the Cayman Islands
An overview of the Cayman Islands Beneficial Ownership Guidance Notes.