03/30/2022
FCA fines GAM £9.1mn
The FCA has also fined Timothy Haywood, a former Investment Director and Business Unit Head at GIML, £230,037.
Government Regulation
03/30/2022
Cryptocurrency and Private Clients
This guide forms part of our series on cryptocurrency.
03/30/2022
SERZ Approval Application Deadline Approaching
To assist with ongoing rebuilding efforts in a SERZ, the 2022 SERZ Order continues to provide for the importation of specific construction related materials into each SERZ to be VAT-free and Duty-free.
03/30/2022
Changes to UK employment law: April 2022
Here are some key changes, and the dates of implementation.
03/30/2022
Daily Legal Update
Many respondents emphasised how financial considerations impacted parties' willingness to engage in dispute resolution, both positively and negatively, and a number regarded early intervention as key where parties should be provided with extra suppor
03/29/2022
MPs: UK sanctions watchdog needs ‘surge capacity’
The UK, EU, US and other jurisdictions have issued, and are continuing to issue, financial, sectoral and trade sanctions targeting Russia-related business over the past month, as a response to the invasion of Ukraine.
03/29/2022
Dentons Budapest announces the successful closing of the Vienna Insurance Group Transaction
Dentons Budapest has led the negotiations regarding the equity participations through a complex and sensitive environment of high profile deal structuring with a very complicated regulatory background.
03/29/2022
The Overseas Entities Register for UK Property: What you should know
We undertake a detailed technical analysis of the reporting requirements that Overseas Entities holding UK property will shortly need to comply with
03/29/2022
United States and EU Come to Agreement in Principle for New Data Transfer Pact
In response, the EU and United States established the Privacy Shield to replace the Safe Harbor Principles.
03/29/2022
Daily Legal Update
The analysis did not find any current major deficiencies in the functioning of the EU carbon market based on the data available.
03/28/2022
UK authorities team up to remind regulated firms about crypto standards
As the markets grow, the FPC expects that enhanced regulatory frameworks will be needed, both at a global and domestic level.
03/28/2022
Time to pay up? Moratorium ends on commercial rent arrears
In anticipation of the Bill being passed as law, the government recently published a working draft of guidance aimed at assisting arbitrators with the operation of the new scheme (the Guidance).
03/28/2022
New UBO Register established in Lithuania
Currently only UBOs (natural persons) can be registered in the initial stage
03/28/2022
Snapshot: what to know about transfers of shares under BVI law
There is no BVI legal requirement for the instrument of transfer to contain details of the consideration.
03/28/2022
High-End Swiss Watches Confiscated in Russia
It is hard to think of something more symbolic of Switzerland than watches.
03/28/2022
Hong Kong SFC Publishes Circular on Recent FATF Publications on Anti-Money Laundering and Counter-Financing of Terrorism
FATF has completed its strategic review which finalised and approved the FATF Methodology for the upcoming fifth round of mutual evaluations.
03/28/2022
New lasting powers of attorney – for Guernsey resident individuals
This Update focuses on how the new provisions will affect individuals resident in Guernsey.
03/28/2022
Snapshot: what to know about transfers of shares under BVI law
The executed instrument of transfer should be sent to the company for registration.
03/28/2022
New lasting powers of attorney – international clients
For similar reasons, it can be advisable to have a Guernsey Will limited to Guernsey assets to avoid paying probate fees in respect of the worldwide estate and release Guernsey funds more quickly, to assist the family and administration in other locations
03/28/2022
Guernsey and Jersey Employment: Post Termination Restrictions and What New Employers Should Consider When Bringing in New Talent
Post-termination restrictions are incredibly common in employment contracts for financial services businesses in Guernsey and Jersey.