05/05/2021
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.
Government Regulation
05/04/2021
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
05/04/2021
Cayman Islands Financial Sanctions Regime
Sanctions can include trade sanctions, travel bans, transport sanctions and financial sanctions.
05/04/2021
French legal complaint targets Lebanon's central bank chief
Riad Salameh has been accused of fraudulently amassing a large fortune in Europe
05/04/2021
Providing Clarity for Green Financing
The market for climate and socially conscious investment has huge potential, with investment in ESG-oriented funds topping US$1 trillion this year.
05/03/2021
Bermuda’s Cannabis Licensing Act
Bermuda’s Government has nevertheless committed to pressing forward with the legislation.
05/03/2021
Towards mandatory TCFD
The recommendations of the Task Force for Climate-related Financial Disclosures (TCFD) are voluntary, but are fast gaining traction within sustainability/ESG policy and regulation
04/30/2021
Insights from the 2020 Cyber Coordination Groups
These Cyber Coordination Groups (CCGs) have aimed to help firms share knowledge and discuss good practices in protecting themselves from cyber threats.
04/30/2021
Paying for President Biden's American Families Plan
Under current law, the US does not generally impose capital gains tax on appreciated assets when people die or make lifetime gifts.
04/30/2021
Pensions disputes: Ombudsman re-states approach to complaints
The provider’s responsibility extended only as far as providing information about the SIPP – the kind of advice that Mr N appeared to have expected went beyond the role of an administrator.
04/30/2021
UAE introduces guidelines on anti-money laundering
The guidelines are set to be published on the NAMLCFTC and other regulatory bodies’ websites, to increase knowledge of the rules and ensure action by licensed entities.
04/30/2021
The EU’s proposed AI Regulation
The AI Regulation also contains future-proofing provisions allowing for additions and/or expansions to these categories, and the examples contained within them, to cover emerging uses and applications of AI.
04/30/2021
Cross-border law enforcement after Brexit: partnering in crime
While some teething problems may be expected, the TCA gives agencies broad powers to obtain one-off binding requests for documents, records of witness interrogations by the police and formal court testimony from abroad.
04/30/2021
New ways to register a Private Investment Fund in Guernsey
Therefore, the option to register a PIF in exactly the same way as one does today will remain.
04/30/2021
The Tide Comes In: An Update on the SFDR and the Taxonomy Regulation
Many firms have, in compliance with the SFDR, already published their responsible investment policies setting how they have integrated sustainability and ESG risks across their investment chain in advance of the 10 March deadline.
04/30/2021
British Virgin Islands:Reporting deadlines extended due to portal issues
The notice also reminds constituent entities that the filing deadline for country-by-country reports is no later than 12 months after the last day of the reporting fiscal year of the multinational enterprise group.
04/30/2021
Financial Services Industry in The Bahamas Welcomes New Act
The Central Bank itself may prepare a resolution plan for a bank using information and analysis submitted by the bank.
04/29/2021
FCA secures bankruptcy of 3 individuals involved in an unauthorised share scheme
The Official Receiver (or a Trustee in Bankruptcy) will investigate the financial affairs of the bankrupts and administer their estates.
04/29/2021
CP21/9: Changes to UK MIFID’s conduct and organisational requirements
The UK Markets in Financial Instruments Directive (MiFID) is the collection of laws regulating the buying, selling and organised trading of financial instruments.
04/29/2021
Hong Kong Initial Public Offerings – An Issuer’s Guide
The legal and compliance obligations imposed on a public company and its ongoing compliance challenges need to be fully understood.