- Managers of Wealth - Legal - Wealth, private banking and asset management news and opinion

Winding-Up Petition Struck Out, Joint Provisional Liquidators Discharged in Bermuda

The Company’s new board of directors (the “New Board”) was represented by Conyers.

CRS in the BVI – Obligations and enforcement

This update provides a summary of the obligations of BVI financial institutions (FIs) under the Common Reporting Standard (CRS), as well as the enforcement powers of the BVI International Tax Authority (the Authority).

Directors and agents of Luxembourg registered businesses face new disclosure obligation

The new requirement applies to any natural persons who are managers, directors, shareholders, partners, auditors, and authorised representatives or agents of companies registered with the RCS. It will be required for both existing and new filings.

Consumer Financial Protection Bureau Proposes New Restrictions on Mortgage Servicers Before Commencing Foreclosures

The proposed rule would require servicers to exhaust all loss mitigation options before initiating foreclosure proceedings

Dutch employment budget sets out significant changes to employment law

The government announced it would explore options for employers and municipalities to make agreements on short-term or temporary housing and facilities for their employees.

New sexual harassment laws - are you ready?

More or different steps may be needed over time, so the employer's efforts should be reviewed and updated regularly.

The Code of Practice on dismissal and re-engagement - What should employers take from the Supreme Court's decision in the Tesco case?

Many employers have adjusted the wording of their template contracts in response to the cases on permanent health insurance

Maples Group Selected to Support US$100 Million Amplify Growth Fund

The Maples Group is providing a host of fund services to the Amplify Growth Fund, a fund targeting US$100 million in capital to support MENA-based companies.

Maples Group Agrees Three Year Sponsorship Extension with St. Mary’s College RFC

The new agreement, which commences in September 2024, will see the Maples Group brand continue to appear on the front of the senior men’s team jerseys

Judge Partially Blocks DOT's DBE Program

He remarked on the ruling's significance, highlighting it as the first to suggest plaintiffs might succeed in proving the program unconstitutional because of its race and gender-based criteria.

Financial Institutions asset management update Q2

The FCA is leading work on updating principles for the valuation of CISs

Property rights in digital assets provided for in ‘landmark’ Bill

The Bill is designed to formally recognise the potential for property rights to subsist in ‘things’

Early detection key to addressing the increasing risks of auto-enrolment

There is often some misalignment between employment contracts, employment practice and what is actually paid to the workplace pension by way of contributions.

Enforcing debts in the Cayman Islands and BVI which are subject to an arbitration clause

The Grand Court distinguished the English case law authorities relied on by the Company

Property rights in digital assets provided for in ‘landmark’ Bill

The Bill does not provide definitely that all ‘things’ constitute property

Telecoms providers must ensure transparency following ASA ruling and Ofcom guidance

Ofcom’s initiative is part of a broader effort to enhance transparency and consumer protection across the telecommunications sector.

How to Comply with Cayman's New Corporate Governance Rules

Our funds and regulatory team have seen an increased demand from clients for advice and assistance on ensuring that their regulatory policies and procedures are aligned with CIMA’s expectations

Legalisation and Apostilles: What is the difference between legalisation and an apostille?

The cost of legalisation depends very much on the country it is going to

Australia’s consultation on non-compete clauses reveals differing industry views

Leigh relied on ABS data to say non-compete clauses harm job mobility, wages growth and innovation by preventing employees from moving to competing businesses or starting new ones.

Disclosure of algorithms envisaged under EU GDPR

The opinions offered by advocates general to the CJEU are non-binding on the court’s judges

Government Regulation