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UK government announces further anti-pension scams plans

The government agreed with the committee that there should be more focus on the issue of ‘secondary scammers’

UK court backs rights holder in ‘essential’ patent dispute

The law in respect of the doctrine of equivalents is evolving, and the courts have not yet had the opportunity to fully consider if, or how, it applies to the validity of a patent.

G20 Agrees on Framework for Pillars One and Two and Targets 2023 Effective Date

The G20 agreement represents a political consensus on a substantial revision to global tax policy.

BVI Guv okays bills to deter financial crime

The new amendment specifies that investment fund business doesn’t count toward “relevant activities.”

Linklaters advises Republic of the Philippines on its largest bond offering

The Linklaters team was led by capital markets partner Amit Singh and supported by counsel Christian Felton and Xunming Lim, and US senior associate Jairo Carvalho Lamatina.

Digital nomads: working inside the UK

If a business has permanent establishment in the UK, this will not just affect the corporate tax position but could also give rise to other compliance obligations.

MALTA: Cabinet approves extension of commercial court’s competence

Government takes up suggestion made by judge Joseph Zammit McKeon

Court refuses to sanction Part 26A restructuring plan

A restructuring plan under Part 26A of the UK’s Companies Act was proposed, under which the maturity date of the bonds would be extended, the capital amount due under the bonds would be reduced but the coupon would be increased.

US Department of Justice: Cryptocurrency Fraudster Sentenced for Money Laundering and Securities Fraud in Multi-Million Dollar Investment Scheme

Trial Attorney C. Alden Pelker of the Criminal Division’s Computer Crime and Intellectual Property Section and Assistant U.S. Attorney William Frentzen of the U.S. Attorney's Office for the Northern District of California prosecuted the case.

Russia to Introduce Rules for Confiscating Crypto: Report

The country's prosecutor general said crypto is increasingly used for bribes.

Pension scheme arrangements clearing exemption extended to 2022

In respect of UK EMIR, pursuant to The Over the Counter Derivatives, Central Counterparties and Trade Repositories (Amendment, etc.

The Cayman Islands introduces economic substance requirements for partnerships

A Partnership in existence prior to 30 June 2021 must satisfy the test from 1 January 2022.

Sustainable investment: Jersey's new anti-greenwashing disclosure requirements

Following consultation with relevant industry stakeholders, the disclosure requirements are a proportionate response to changes driven by evolving international standards in environmental, social and governance..

On the Rise: Distributed Autonomous Organizations ("DAOs")

One of the risks with DAOs was the uncertainty as to how they would be treated under the legal system.

Data protection watchdogs call for a ban on automated facial recognition in AI Act

In terms of governance, the Opinion stresses the need to clearly set forth the independent nature of the authorities tasked with supervising and enforcing the AI Act.

EDPB Issues New Guidance on Storing Credit Card Data for Future Purchases

Online retailers storing credit card data for the sole purpose of facilitating further purchases will likely need to obtain consumer consent.

Cannabis investments get the green light in Jersey

Pre-pandemic, the global cannabis market was booming

Economic Substance: Bermuda Expands Regime to Include all Partnerships

The Economic Substance Amendment Act 2021, which became operative on 30 June 2021, has expanded the scope of the Bermuda economic substance regime to now include all partnerships.

Financial firms: revise whistleblowing policies for ‘new world’ of work

Businesses in Germany with a works council will need to enter into a consultation process before making any changes to their policies in light of the directive.

A Guide to the Steps to take if you inherit a property in Italy

If you make the decision to accept the inheritance it is strongly advised that you should instruct probate lawyers experienced in Italian succession law

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