08/28/2024
AIFMD II amidst the debate on private credit market growth and financial stability
Private credit providers, including private equity houses and investment funds, are just a sub-set of NBFIs, providing direct loans to businesses.
Government Regulation
08/27/2024
Cayman Islands abolishes perpetuity rule in legislation
This adjustment does not affect Cayman Islands STAR trusts, which were already exempt.
08/27/2024
Proposals of the General Scheme for Limited Partnerships and Business Names Bill 2024
The General Scheme suggests new rules for registering LPs aimed at increasing transparency.
08/27/2024
Updated Saudi investment law to enhance foreign investor rights
The specifics of the investment law’s implementation will be clarified once the implementing rules are issued and actual practices under the new law are observed.
08/27/2024
HKMA Enhanced Consumer Protection in the Use of GenAI by Authorized Institutions in Hong Kong
These additional principles to the existing BDAI Guiding Principles1 were set out in a Circular on 19 August 2024 to all authorized institutions.
08/23/2024
Consultation response released for draft cyber security law for Jersey
There was a feeling that provision could be made to require Banking and Financial Services Providers to enhance their cyber security resilience
08/23/2024
Public consultation in the UK
There is no general duty on public bodies to consult, simply on the basis that their decision is important or may have an impact on others.
08/23/2024
Continuing obligations for BVI private investment funds
This note provides a quick reference to your PIF’s ongoing BVI obligations.
08/23/2024
Singapore ruling highlights employers’ duty to use contractual discretion reasonably
Crucially, the ruling underscored an implied duty for the employer to act reasonably and in good faith when exercising their contractual discretion.
08/22/2024
Greater focus on pay equity and transparency under new Labour government
The infrastructure sector reported the biggest pay gap of 21.4%, when compared against the financial services, energy, manufacturing, universities and telecommunications sectors.
08/22/2024
Texas Court Issues Nationwide Injunction Striking Down the FTC Noncompete Ban
Due to its nationwide scope, this injunction means the Final Rule will not take effect on September 4, 2024, as planned.
08/22/2024
US Banking Agencies Are Ramping Up Scrutiny of Bank-Fintech Partnerships
The Joint Statement highlights several “elevated risks” when using third-party arrangements
08/22/2024
US DoD Proposes Final Rule to Incorporate Contractual Requirements for the Cybersecurity Maturity Model Certification (CMMC)
The CMMC 2.0 program provides a framework for assessing contractor implementation of cybersecurity requirements and enhancing the protection of unclassified information within the DoD supply chain.
08/22/2024
Recent fines put Australian employers’ long service leave obligations in the spotlight
Employers should have comprehensive processes and procedures in place to ensure they are paying employees their full legal entitlements
08/22/2024
Dentons UK, Ireland and Middle East region retains 78% of UK trainees and solicitor apprentices
Dentons Middle East has retained 100% (2 of 2) of the trainees who have trained as England & Wales solicitors in the Middle East.
08/21/2024
Drawing on multidisciplinary legal capabilities to help our clients to realise their strategic ambitions
Eversheds Sutherland advises Keltbray on the sale of its Infrastructure Services Business
08/20/2024
What Steps Should a Cayman Fund Take to Comply with the New Cayman Beneficial Ownership Regime?
That information needs to be provided by a contact person that is registered or licensed under a regulatory law[1] and within 24 hours or at such other time as the Authority may specify.
08/20/2024
Hong Kong's competition law makes further headway as the first case of alleged abuse of market power goes to trial
A blunt test that looks at market structures or market share is not sufficiently nuanced and will lead to arbitrary enforcement.
08/20/2024
FCA fines auditor for failing to flag fraud suspicions
This is the first time the FCA has fined an audit firm.
08/19/2024
UK competition law investigations: What are the CMA's new powers?
Where the CMA provides investigative assistance to an overseas regulator, the general principle to be applied is that the CMA must use the powers it would normally exercise in relation to its own functions.