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Third edition of the Regulatory Initiatives Grid

The Regulatory Initiatives Grid sets out the regulatory pipeline.

MPs urged to demand the names of Canadians behind offshore tax shelters

Finance committee is re-starting probe into shell companies that was shut down five years ago

Seven steps to buying property in the British Virgin Islands

Completion is usually arranged to take place within a specific time after all the conditions in the SPA have been satisfied.

German constitutional court rules that Climate Change Act is insufficient

The court ruled "that the provisions of the Federal Climate Change Act

New BVI Insurance Code of Conduct to Take Effect July 2021

The Insurance Conduct Code introduces a framework to govern the market conduct of domestic insurers, insurance intermediaries, and loss adjusters.

Privilege is back! The Rotterdam District Court rules on privilege for in-house counsel

It determined that privilege may apply to in-house counsel working for a Dutch company outside the Netherlands, if such persons enjoy privilege under their home jurisdiction rules.

Commencing Divorce Proceedings - Service on Spouses Overseas

In the Philippines, we can only effect such service on nationals of the originating state.

O’Neal Webster Successfully Defends Eastern Caribbean Central Bank in Multi-Million Dollar Claim

Through a conservatorship process, the central bank took control of the distressed parent banks’ affairs in August 2013 and by extension, the subsidiaries, pursuant to management agreements between each parent and subsidiary.

Frozen in time: do limitation periods apply to claims against Cayman companies in liquidation?

The Cayman Court therefore held that the primary limitation period for the claims made in the proceedings issued by Ritchie in Cayman on 21 May 2019 had already expired five years previously in 2014, and they were time-barred.

New annual return reporting requirement for certain BVI licensees

Additionally, all approved managers - being entities licenced to act as an investment manager/ investment advisor under the Investment Business (Approved Managers) Regulations, 2012 - are now required to complete and file the AML/CTF Return.

Changes to UK market abuse regime including longer to announce PDMR transactions

The rules in MAR on insider lists are also being amended from 29 June 2021

FinCEN as the Chief Innovation Agency

In addition, the recently enacted Anti-Money Laundering Act of 2020 (AMLA), among other things, gives FinCEN additional information collection tools and establishes an important role for technology and innovation in enhancing financial institutions’

Changes to UK market abuse regime including longer to announce PDMR transactions

Changes to penalties for criminal market abuse bring the maximum prison sentence in line with that for other economic crimes such as money laundering and bribery offences.

Baby, baby, baby, you're out of time

The fact that the limitation period on the underlying matter of complaint has expired is a material, and often a very material, factor.

Helping Insurers To Navigate Client Kyc

To facilitate corroboration, compliance professionals should confirm their policies and procedures regarding customer identification, specify if there exists any inherent risks

Special purpose acquisition companies: a more flexible approach under the Listing Rules

Other jurisdictions, notably the US, have recently seen evolution and significant growth in this sector, with larger-scale SPACs

Liquidate or arbitrate - a balancing act

It is therefore timely to consider the conflict between parties' contractual rights to arbitrate and their statutory rights to present a winding up petition and how a balance can be struck when determining which should prevail.

Snapshot: appealing civil judgments in Guernsey

It also mentions recent developments in appealing judgments of the Guernsey Court of Appeal to the Judicial Committee of the Privy Council.

Guidance from the Grand Court of the Cayman Islands

Although remuneration applications made by Cayman Islands insolvency office holders are a statutory requirement and therefore commonplace in the Grand Court

Cayman Islands Financial Sanctions Regime

Sanctions can include trade sanctions, travel bans, transport sanctions and financial sanctions.

Government Regulation