11/01/2021
High Court ruling on witness statement rules show need for careful compliance
Coleman said this highlighted the courts’ willingness to sanction those who were non-compliant with the rules.
Government Regulation
11/01/2021
Industrial action
Industrial action can take the form of either a strike or 'industrial action short of a strike' - for example, an overtime ban or work to rule.
10/31/2021
BERMUDA: Changes to rules on Permanent Residency Certificate coming
The Government said that these changes support its priority of achieving a simplified, fair and modern framework for immigration in Bermuda. T
10/31/2021
DOJ Further Ratchets Up Scrutiny in Corporate Investigations
The intent behind this policy change is to create parity between the way DOJ treats individual and corporate criminal histories.
10/30/2021
Responsible investment consultation: UK Charity Commission publishes responses
A point raised in the consultation was whether the term ‘responsible investment’ is helpful.
10/29/2021
Banking Package 2021: new EU rules to strengthen banks' resilience and better prepare for the future
Today's package finalises the implementation of the Basel III agreement in the EU.
10/29/2021
Cayman Restructuring – a proposal for a formal restructuring regime in the Cayman Islands
The proposed amendments will allow a Cayman company to restructure under the supervision of a “restructuring officer” and provide for a stay on creditor action in the restructuring period.
10/29/2021
Qualified Opportunity Funds / OTS Series
Investments in qualified opportunity funds (QOFs) offer a number of distinct tax benefits
10/29/2021
Privy Council clarifies jurisdiction of freezing orders in key BVI case
Viewed from an English litigator’s perspective, the Convoy Collateral decision is not especially groundbreaking.
10/29/2021
UK to require pension trustees to report on climate change commitments
The draft guidance also includes policies to help trustees vote, and how their voting is recorded in the implementation statement.
10/29/2021
UAE to introduce new Federal Data Law
Ruth Stephen tells HRNews about new data protection laws to be introduced as part of the UAE’s ‘Projects of the 50’
10/29/2021
How long does a third party have to pursue a claim in tort and/or contract against a defendant who has died?
It was uncertain, however, whether this ancient time period extended to third party claims but a recent case before the Master of the Royal Court has now clarified this area of law.
10/29/2021
Second national report on risks of money laundering and terrorist financing
It also provides an overview of the legislative provisions that have been implemented in this period with a view to improving the Swiss toolkit for combating money laundering and terrorist financing.
10/28/2021
British Virgin Islands Introduces Data Protection Law
The entity is also responsible for personal information processed on its behalf by a third party processor.
10/28/2021
We Hope This Registers! A Summary of Cayman Corporate and Partnership Registers in a Finance Transaction
Because we know that it can be a little befuddling, we have set out below a guide to the various Cayman exempted company, limited liability company and exempted limited partnership registers in the context of a finance transaction.
10/28/2021
UK to require pension trustees to report on climate change commitments
DWP said the proposals would help inform trustees’ investment decisions, stewardship and voting, and reflected industry calls for methodological flexibility.
10/28/2021
Scrutiny of the U.S. Art and Antiquities Markets Intensifies
While the scale of the problem is unknown, experts agree that a number of factors make the art and antiquities markets particularly susceptible to financial crime.
10/28/2021
The new UK Long-Term Asset Fund
The FCA will be consulting in the first half of 2022 on the potential for widening the distribution of the LTAF to a broader range of retail investors.
10/28/2021
FATF publishes guidance for regulation of cryptocurrency industry
The guidance provides relevant examples and potential solutions to implementation obstacles.
10/28/2021
UK Charity Commission publishes details of whistleblowing disclosures made in 2020 to 2021
The majority of disclosures were received from employees and ex-employees (50.8%), however the proportion of reports from other sources (including Trustees) has increased.