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

CIES to boost the appeal of Hong Kong funds

Applicants for the New CIES are required to deposit their approved investment assets

New legal framework for children’s privacy

Although parents are still permitted to share photos or videos of children under 13, judicial intervention is possible if such publication is deemed to compromise the child's dignity or moral integrity.

UK government takes step to improve food labelling consistency

Food produced to different environmental and animal welfare standards can be placed on the UK market as long as they comply with stringent food safety requirements.

Bird & Bird creates legal blueprint for Sizewell C freehold land transaction

The freehold transaction structure enhances the fundability of the project

Herbert Smith Freehills' Global Arbitration Practice ranked fifth in the world

Global Arbitration Review (GAR) has unveiled its annual ranking of the world’s leading international arbitration practices, with Herbert Smith Freehills ranked fifth in the world.

China Relaxes Cross-Border Data Transfer Regime

On 22 March 2024, Chinese regulator published the new regulation on cross-border data transfer, aiming to release compliance burdens from market players.

Living Wills in Hong Kong: Empowering Individuals through Enduring Power of Attorney and Advance Directives

By creating these legal documents, donors can ensure that their treatment preferences align with their values and beliefs.

Hong Kong SAR's international arbitration centre statistics reveal record highs

The HKIAC also revealed the increasing diversity of its arbitrators, having appointed 60 female arbitrators in 2023.

Cayman Islands Schemes of Arrangement now available for Exempted Limited Partnerships using the Restructuring Officer Regime

With the increasing use of the restructuring officer regime in the Cayman Islands

EU plans to simplify biotech regulation outlined

An EU regulation providing for the EHDS moved closer to being finalised earlier this month

New UK legislation on security of IOT devices

It is worth noting that the EU will soon be implementing its own legislation governing the security of internet-connected products, the details of which are outside the scope of this note.

Walkers advises on Jersey’s first tokenisation platform

Our team advised Backed Finance AG on all Jersey legal and regulatory aspects in forming the Jersey issuer of tokenised assets

Irish Central Bank issues proposed changes to consumer protection code

The first Standard of Business requires that a firm “at all times…secures its customers’ interest” and will only apply to firms' dealings with Irish consumers.

The legality of screen scraping in Ireland

The rise of generative AI and the way data is sourced for use by such systems promises to reignite discussion on the topic.

New UK PFAS restrictions closer as debate over alternatives intensifies

Plans to develop a specific restriction on the use of PFAS in firefighting foam (FFF) are also to be taken forward.

FCA publishes business plan reminding firms of focus areas

The FCA introduced its 13 commitments in its 2022 strategy with the recent business plan setting out ongoing work for each commitment.

The impact of the new EU mass actions directive across Europe

The growth of mass actions presents increased challenges and risks for businesses, particularly those which provide services or goods to consumers.

Companies Act amendments - Cayman Islands

The Amendment Act is not yet in force and will come into force by the making of a subsequent Cabinet order.

BVI announces new work permit exemptions

Any BVI business wishing to utilise one of these exemptions for a service provider or staff-member must notify the Chief Immigration Officer 48 hours in advance

Privacy Rights Extend Outside Bermuda

There are many ways in which personal information is collected for use from individuals who are outside of Bermuda.

Government Regulation