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Government Regulation

09/20/2022

President Biden Signs Executive Order Directing CFIUS to Focus on Specific National Security Risks

For the first time since the Committee on Foreign Investment in the United States began reviewing foreign acquisitions of US businesses in 1988, under its authority to review and block such transactions if they threaten to impair US national security

09/19/2022

SEC Unveils Strategic Plan With Renewed Focus on Technology

The plan directs the agency to develop a robust regulatory framework to prevent market misconduct, as SEC officials’ public comments keep advancements in technology high on the agenda.

09/16/2022

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.

09/16/2022

BVI Funds and BVI Approved Managers – what makes them a sensible choice for you

Our speakers also interacted with the audience at the end of the webinar through the Q&A session

09/16/2022

Second Form PF Proposal: Overview and Goals (Part One of Two), Hedge Fund Law Report

In the first of a two-part series for Hedge Fund Law Report, partner Christine Lombardo provides an overview of the Proposal and its five goals.

09/16/2022

Emiratisation in the UAE: the new requirements at a glance

In this article, we take a closer look at the new Emiratisation requirements which go hand in hand with the UAE’s ambitious target of creating 75,000 new jobs in the private sector by 2025.

09/15/2022

Employment Arrangements for Public Holiday on Monday 19 September in Jersey and Guernsey

In Guernsey, the employer’s options will depend on the wording of the employment contract.

09/15/2022

EDPB Rules on Conflict Between Data Protection Authorities

The decision led to an increase in the fine imposed on French hotel chain Accor S.A. from €100,000 to €600,000, after a multi-year deliberative process.

09/14/2022

Authority for entering into a contract in Ireland

The business of a company is managed by its directors acting collectively.

09/14/2022

US FTC Moves Forward on Privacy Rulemaking with Public Forum

Key topics raised by industry representatives and consumer advocates alike included data minimization and the prevention of secondary uses of data

09/13/2022

In the Battle of Pay vs. Performance Rules Under the SEC’s Final Rule, Increased Disclosure Wins

The Final Rules require a Pay-versus-Performance disclosure table

09/13/2022

Corporate criminal offences of failure to prevent the facilitation of tax evasion

Two corporate criminal offences (CCOs) were introduced on 30 September 2017 under the Criminal Finances Act 2017.

09/13/2022

What You Need to Know About BVI Voluntary Liquidations

When preparing for the BVI voluntary liquidation of any entities that are soon to near or have reached the end of their life cycle, the process need not be complicated.

09/12/2022

CRS Compliance Form Filing Deadline in the Cayman Islands - Are You Ready?

The 15 September 2022 is the upcoming deadline for submitting the 2021 CRS Compliance Form with the Department for International Tax Cooperation (DITC) in the Cayman Islands.

09/12/2022

Amendments to the BVI Business Companies Act

The current seven year period between a company being struck off the register of companies ("Register"), and being dissolved, is being abolished.

09/12/2022

Latham & Watkins Represents Lumileds Holding B.V. in Cross-Border Financial Restructuring

Multi-disciplinary team led by members of the firm’s Restructuring & Special Situations Practice advises the multinational company on voluntary prepackaged Chapter 11 proceedings

09/12/2022

UAE’s new virtual asset marketing rules a ‘clear mandate to protect consumers’

VARA regulates the virtual asset sector in the emirate of Dubai and its free zone territories

09/09/2022

Economic substance requirements for Jersey companies and LLCs

The Substance Law was amended on 1 September 2022 to extend its application to limited liability companies

09/09/2022

Cayman Grand Court permits joint provisional liquidators to control the timing of their discharge of office

Given that the restructuring had been achieved, the JPLs applied for their discharge and the Court acceded to that application.

09/09/2022

New Registration Requirement for Cayman Entities That Own Property in the UK

Entities that disposed of property or land after 28 February 2022 will also need to register and provide details of that disposal.

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