05/30/2021
Green still the colour of money
The emissions revolution that rocked Exxon Mobil is also stirring up California
Government Regulation
05/28/2021
Timely new rescue process announced for small and micro businesses in Ireland
SCARP is designed to supplement the pre-existing examinership process in Ireland which is typically availed of by larger companies.
05/28/2021
Ireland Update: Funds Costs & Fees – Regulatory Spotlight
With this increased focus on costs and fees at both a European and national level, it is useful to consider the existing requirements, regulatory expectations and next steps for fund management companies.
05/27/2021
EU court asked to rule on right to online anonymity
The right to online anonymity is to be tested in a case to be referred to the EU’s highest court.
05/27/2021
Funds Costs & Fees - Regulatory Spotlight
With this increased focus on costs and fees at both a European and national level, it is useful to consider the existing requirements, regulatory expectations and next steps for fund management companies.
05/27/2021
Ireland Exercises National Discretions Under IFD/IFR
The Irish Department of Finance, as the department responsible for drafting the domestic legislation which will transpose IFD into Irish law, issued a public consultation on the national discretions under IFD in May 2020.
05/27/2021
Malta: improvement in fighting money laundering and terrorist financing
As a result of assessment in 2019, Malta was requested to report to MONEYVAL under the enhanced follow-up procedure.
05/27/2021
European Parliament expresses doubts about UK adequacy
The proposals are for MSPs to be required to meet the current Cyber Assessment Framework, 14 cybersecurity principles which currently apply to operators of essential services under the NIS Regulations.
05/27/2021
404 Beneficial Owner Not Found: Are EU Public Registers in Place & Really Public?
Delays in establishing public registers & accessibility barriers undermine EU’s progress in ending kleptocratic abuse of anonymous companies
05/27/2021
Moving to the Cayman Islands
The first two categories, which require an investment in real estate, are the most common and straightforward routes to residency.
05/26/2021
Digital dispute resolution rules to facilitate rapid and cost-effective resolution of disputes involving novel digital technologies
The Rules acknowledge that “automatic dispute resolution processes” are relied upon in digital transactions from time to time, with disputes being resolved by peer-to-peer or community voting systems. However, where a dispute is not resolved i
05/26/2021
Greenwashing - Product Development Considerations for Financial Services Firms
These trends are a continuation of risks that are driven by new products and opportunities.
05/26/2021
FCA stops EverFX offering CFDs to UK customers
The FCA has stopped ICC Intercertus from conducting any regulated or marketing activities in the UK and has directed it to take all reasonable steps to stop other members of the EverFX Group doing the same.
05/26/2021
Hong Kong Stock Exchange to increase the profit requirement for listing eligibility to HK$80 million
And heighten scrutiny of suspicious IPO related practices
05/26/2021
ICLG Aviation Finance And Leasing Guide 2021
Ireland is also attractive due to the confidence in the legal and court system (which is broadly based on English common law) and the number of aviation experts and leasing companies based in Ireland.
05/26/2021
Hong Kong seeks power to jail unlicensed bitcoin trading as city looks to combat money laundering via crypto-exchanges
Exchanges and start-ups expect smaller players to quit as the city will only permit trading by professional investors
05/25/2021
The Guernsey Private Investment Fund
Flexibility of form: can take a variety of legal forms, including a company, unit trust, limited partnership or other vehicle or entity approved by the GFSC.
05/25/2021
Belgium guarantees basic banking service for undertakings
The Act aims to ensure that undertakings can open a payment account in Belgium, which is a legal requirement for undertakings to establish and pursue their business activities in Belgium.
05/25/2021
European Supervisory Authorities Report on the Implementation and Functioning of the Securitisation Regulation
Due Diligence: the Report recommends additional guidance specifying (i) how adequacy and proportionality could be achieved in the context of due-diligence (in particular for STS transactions); and (ii) how investors are expected to perform due-diligence a
05/25/2021
Full Steam Ahead: Second Draft of China's Personal Information Protection Law and Data Security Law
The effect of this article is that online platform service providers based overseas, may need to comply with the above requirements even if they do not have an onshore presence, and/or will have to establish an office or appoint a legal representative in