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First Decision of a German Data Protection Authority on Supplementary Measures for International Personal Data Transfers from Europe

A German publishing company based in Munich used the online service "Mailchimp".

European supervisory authority issues €8.15m fine for international data transfer and processing failings

This case demonstrates that organisations that transfer

British Virgin Islands - Voluntary Liquidations For First Half Year Companies

Leveraging our legal and specialised fiduciary and fund services teams

Can UAE employers require staff to be vaccinated?

Whether and to what extent an employer can encourage staff to take the vaccine will always depend on the particular circumstances of the company.

Pension schemes urged to raise alarm over scams

There are also fears surrounding the possibility of scammers using the Covid-19 pandemic to their advantage to steal from savers.

German Federal Court: German merchants are allowed to surcharge Paypal and Sofort

The issue of whether PayPal and Sofort transactions can, or cannot, be surcharged by German merchants has been controversial for quite some time.

Dentons launches Global Bid Challenge Tracker to enable quick comparison of bid challenge laws across multiple jurisdictions

Leveraging Dentons' global platform and award-winning commitment to technological innovation, the Firm launched this innovative, free platform to allow corporate leaders to create customized user-friendly comparisons of the laws.

Refinements to the proposed UK National Security and Investment regime

The Government published its response to the consultation at the beginning of March 2021

HM Treasury Advisory Notice: Money Laundering and Terrorist Financing controls in higher risk jurisdictions

Requirement to apply Enhanced Due Diligence for higher risk jurisdictions.

Addleshaw Goddard: Financial Services & Banking News

The aim of the consultation is to inform the Commission on remaining obstacles

FCA review of MiFID II product governance rules

The FCA selected a case study product from each asset manager – all products assessed were UK authorised CISs available to retail investors on both an advised and non-advised basis.

Cayman Islands economic substance requirements - an overview

Entities which claim tax residency outside the Islands must submit an annual return declaring their Relevant Activities

Treasury Committee publishes BoE response to inquiry into future of financial services in the UK

The Financial Policy Committee (FPC) is ‘committed to the implementation of robust prudential standards in the UK.

Proposed new responsible lending laws pass the House of Representatives

The Committee received 112 submissions.

Economic Substance Update Q1 2021

The amended forms came into effect on 15 December 2020 for all new registrations, and all declarations due by 31 January 2021 would have been submitted in the new format.

Cayman Islands alternative investment fund structuring and regulatory considerations

Once the appropriate form of AIF vehicle has been determined, the liquidity rights will define the appropriate path to registering the AIF

The implementation period for any rules arising from CP20/19

In reaching this decision, we have sought to balance ensuring firms have sufficient time to put the changes into effect and acting quickly to address consumer harm.

SRB publishes approach to the eligibility of UK law instruments without bail-in clauses after Brexit

This exemption shall apply until 28 June 2025.

Major Updates to the BVI's Trusts and Probate Laws

These amendments are set to enhance further the BVI's standing as a leading jurisdiction for trusts and private client business.

Coinbase slapped with $6.5 million fine by CFTC

According to the order, between January 2015 and September 2018, Coinbase recklessly delivered false, misleading, or inaccurate reports concerning transactions in digital assets

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