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

Bermuda Paves the Way for Captive Insurers with New Stablecoin Policy

This move comes in response to increasing market demand

Key considerations for businesses in light of the commencement of Part 9 of the Financial Services and Markets Act 2022 ("FSMA") relating to digital token service providers (“DTSPs”)

No transitional arrangements will be granted.

Politics and economics constrain UK infrastructure finance options

There are political and economic constraints on the choices available to it.

Irish companies required to comply with new EU gender balance regulations by 2026

These regulations impose strict new gender balance requirements for boards of listed companies

Survey results reveal Hong Kong and Singapore as ‘premier seats of arbitration’ in Asia

“Singapore is ranked, with London, among the top five seats globally and is the only Asian seat listed in the top five in Europe, North America and the Caribbean/Latin America.”

Sale ban on crypto-linked ETNs to be lifted by FCA

The FCA said it plans to make the changes “as soon as possible”.

New BVI national minimum wage announced

Last year, the BVI Cabinet decided to implement an US$8.50 minimum hourly rate, which was due to take effect on 30 November 2024.

Achieving Bankruptcy Remoteness in Structured Finance

Investors of structured notes can simply take on the credit risks of the underlying asset, and the seller can achieve off-balance sheet treatment of the underlying asset.

Guernsey Funds: an overview

There is no prescribed frequency of redemption or period within which the redemption moneys be paid.

Guernsey's regulator signals welcome shift to open up crypto-fund opportunities

The statement comes weeks after the GFSC announced an update to already successful private investment fund (PIF) rules

Guernsey funds: innovation with alternative strategies

Deal-by-deal arrangements allow investors to commit capital to individual transactions rather than a traditional blind pool fund.

Singapore's Workplace Fairness Act and its impact on women in workplace

The WFA helps to create a more equitable professional environment, ensuring that women are not unfairly disadvantaged

‘Very large organisations’ face higher fines under Sentencing Council guidance

The council acknowledged that the existing framework did not adequately address the sentencing of VLOs.

First EU labour market fines issued on competition grounds

It said the companies agreed not only to poach each other’s employees but had also exchanged information on their commercial strategies

Navigating exemption clauses in technology contracts

For vendors and service providers, well-crafted exemption clauses help to mitigate exposure to claims arising from performance failures and other incidents which constitute breaches.

Modernising Wills: Law Commission proposes landmark reforms to 200-year-old legislation

The stated aim of the Law Commission project was to reform and modernise the law so that it supports the exercise of testamentary freedom, protects those making a Will from undue influence and fraud and increases clarity and certainty in the law.

Employment law in Guernsey

This overview is a basic summary of employment law in Guernsey.

NSW government plans to allow greater union involvement in work sites, among work health and safety changes

Civil penalties for civil breaching a stop bullying or sexual harassment order will also be introduced.

Jersey Cell Companies

Jersey introduced Cell Companies into its law in 2006.

AI copyright questions put to EU court

The copyright provisions in question are set out in the EU’s Digital Single Market Copyright (DSM) Directive 2019 and in another EU copyright law, the Information Society Copyright Directive, that dates back to 2001.

Government Regulation