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Rights to inspect: The 'Proper Purpose' Test

There is no dispute as to how the provisions of section 127 CGL 2008 are to be applied, rather the question is 'what constitutes a 'proper purpose'?'.

The Evolving Role of the Third-Party Fund Administrator in European Asset Management

How the changing investment fund regulatory environment and the related operational complexity have elevated the role of the third-party administrator.

Fifth Circuit Vacates Nasdaq’s Board Diversity Requirements

Split panel’s ruling means Nasdaq-listed issuers do not need to make board diversity disclosures at year end

Rule-breaking employers to be banned from hiring overseas workers for at least two years

The Government has also said it will not wait until employers have committed serious breaches before taking action

Segregated Portfolio Companies: Cayman Courts Upholding the Segregated Principle

SPCs were introduced in the Cayman Islands in 1998 for certain insurance businesses and, from 2003, have been capable of being registered without restriction on the business undertaken.

Bill proposed to strengthen critical infrastructure cyber security in Hong Kong SAR

The Bill expands CIO designation criteria to include the “sensitivity of digital data controlled by the organization in respect of the infrastructure”.

Significant updates in Treasury's final energy credit regulations

The new ITC regulations do not apply to existing projects (unless a taxpayer elects to apply them).

Changes to Bermuda’s group supervision regime

There are seven separate proposals put forward by the BMA for consultation, although they follow the same key theme; the enhancement of the ability of the BMA to have control over the parent of the insurance group.

Ireland to prepare new AML legislation on crypto assets ahead of December EU deadline

Ireland has emerged as an attractive destination for crypto firms setting up their European operations.

UK’s DMCC Act imposes broader duty for protecting ‘vulnerable consumers’

The DMCC Act, which became law on 24 May 2024, will bring significant changes to the consumer law

Outsourcing in the BVI - when can a licensee outsource and what limits apply?

The guidance notes to the Regulatory Code stipulate that the service provider should normally be required to seek the consent of the licensee before entering into a sub-contract arrangement with respect to any outsourced activity.

The use of BVI joint ventures in Asia

BVI companies are designed to facilitate the return of capital with ease

Future of Work in Singapore: Aligning Return-To-Office policies with Flexible Work Arrangements

Some of these businesses have cautioned employees that non-compliance with return-to-office ("RTO") policies may result in an "accountability process"

Will 2025 see pharmaceutical and biotech companies embrace the UPC?

The UK has lost none of its shine in playing a key role in high value patent disputes

Channel Islands contract law

The good faith blade may thus cut in relational contracts (unless excluded by the parties) but is not as sharp as it might appear.

NIS2: EU chases 23 countries on cyber law implementation

Cyber law expert Stuart Davey of Pinsent Masons said the lack of national implementing legislation for NIS2 is hampering business efforts to comply with the new regime.

Irish businesses urged to familiarise themselves with new Companies Act provisions now commenced

It is expected that the remaining provisions will be commenced in early 2025.

The French Competition Authority approves the acquisition of Flowbird by EasyPark with AO Shearman advising

Following an examination of the effects of the transaction on the markets concerned, the Autorité has cleared the acquisition without condition, in a decision of November 20, 2024.

Employment status code updated in Ireland

Tax expert Robert Dever of Pinsent Masons in Dublin said the code was originally published in 2001

French supreme court asks CJEU to clarify scope of sanctions

The questions essentially ask how broadly the concept of the indirect availability of funds or economic resources

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