04/13/2021
Cyprus Launches New Registry that Identifies Company Owners
The plan included the establishment of the UBO registry - an already existing obligation under the EU’s 4th anti-money laundering directive.
Government Regulation
04/13/2021
Ashurst advised CapMan on third Nordic real estate fund
Global law firm Ashurst advised CapMan on the establishment of their third Nordic value-add real estate fund, the CapMan Nordic Real Estate III Fund.
04/12/2021
Financial Regulation – Guernsey well placed to attract sophisticated financial services business
Guernsey has carved out a strong position as tried-and-tested when finding the right balance between robust regulation and pragmatic solutions which enable the financial services sector to get on with business.
04/12/2021
Mergers and acquisitions involving a BVI regulated entity: navigating the BVI regulatory landscape
Walkers has the leading offshore dedicated regulatory team, providing BVI law expert regulatory advice from our offices in the BVI, the Cayman Islands, London and Hong Kong.
04/12/2021
S&C Clients Obtain Dismissal of Antitrust Claims Against Banks Over Treasury Products
Plaintiffs asserted antitrust and unjust enrichment claims based on an alleged manipulation of U.S. Treasury auctions
04/12/2021
No turning back - An update on the key elements of DAC6 for EU member states
The principal objective of DAC6 is to provide tax authorities with early warning of arrangements that may involve aggressive tax planning.
04/09/2021
RFI on Financial Institutions’ Use of AI Provides Opportunity to Shape Future Regulatory Framework
The use of AI by financial institutions is not new, from using AI to analyze contracts and financial statements, to oversight of traders, to chatbots to communicate with customers
04/09/2021
Bermuda Offers Economic Investment and Residential Certificates Under New Policy
The Economic Investment Certificate is valid for five years, after which holders are eligible to apply for the Residential Certificate.
04/09/2021
Ban for accountant jailed over £400k theft from major City law firm
She worked for Clyde & Co, through its service company, from August 2008 until September 2017, when she resigned.
04/09/2021
Dentons advises on the restructuring of Waberer’s debts
Following more than 15 months of extensive negotiations, structuring, drafting, and an ownership change of the company, the parties signed complex documentation for the long-term multi-source financing of Waberer’s and its affiliates.
04/09/2021
South Africa POPIA: Final Guidance Note for Information Officers and Deputy Information Officers now published
The Guidance Note also provides welcome clarification in respect of the role of the Information Officer for private bodies that are juristic persons.
04/09/2021
Economic substance requirements: overview
The requirements of the economic substance test vary depending on the relevant activities conducted and each relevant entity must make an annual report in order to enable its compliance with the requirements of the economic substance test to be assessed.
04/09/2021
Ireland Update | Code of Practice on the Right to Disconnect
The Code does not create any new substantive rights for employees or offences for an employer.
04/08/2021
A&O advises on EUR2.35 billion loan and high yield bond refinancing by Foncia
The financing consisted of a EUR1.3 billion term loan facility, a EUR437.5 million revolving credit facility, EUR400 million of 3.375% Senior Secured Notes due 2028 and EUR250 million of 5.000% Senior Unsecured Notes due 2029.
04/08/2021
New filings for Cayman Islands private funds
This declaration must be filed with CIMA within 6 months of the financial year end of the private fund.
04/08/2021
UBO Information in Cayman is safe from prying eyes
The BO regime is aimed at improving the exchange of information between Cayman and international regulatory
04/08/2021
Rights of renewal for commercial tenants in Jersey
A tacit renewal is implied from the actions of the parties to the lease.
04/08/2021
Lawyers, accountants face tougher rules, higher costs to act as company directors
The reform will mean that any warranted accountant or accountancy firm carrying out corporate services “by way of business”, will be subjected to a market entry or licensing requirement.
04/08/2021
Using provisional liquidation offshore to preserve bondholder claims under keepwell deeds
Through a keepwell deed, the PRC parent company undertakes to keep the offshore bonds issuer solvent and financially stable so that it can meet its payment obligations in respect of the bonds.
04/08/2021
Grey areas among the green: the impact of the EU's sustainability disclosure measures on Channel Islands firms
The EU's Regulation on sustainability related disclosures in the financial services sector (SFDR) is part of the EU's package of measures concerning environmental sustainability disclosures and procedures.