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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.

Private Funds and the Cayman Islands Fund Annual Return Deadline

Our experienced team has a deep understanding of the FAR requirements

Parental Bereavement Leave: Jersey to Implement Further Family Leave Rights

The leave will be a “day one” employment right and may be taken without notice

‘No re-export to Russia’ clause to become mandatory for EU operators

When doing this, an operator must have satisfactory procedures in place for following and maintaining the necessary information

Building Futures: CIB and FNBC Collaborate to Drive Indigenous Infrastructure Development

Gowling WLG was counsel to the CIB with respect of its collaboration with FNBC to create the loan product with a team comprised of Myron Dzulynsky, Elizabeth Burton, Lilly Wong, Keith Brown and Reagan Chornoboy.

These Are the Limits the Law Puts on Confidentiality Clauses Within Companies

It depends on what is proven in the process and what the judge declares.

Doron Goldstein discusses proposed federal TikTok ban with Law360

TikTok has pushed back against the suggested ban

Ruling recognises foreign representatives’ right to pursue potential claims in Australia

The Federal Court was satisfied that the Geneva proceeding was a foreign proceeding and a collective proceeding.

BVI Cabinet approves new Belonger Status and Permanent Residence Policy

Residents may need to renew their Residence Status certificates every five years to maintain residency

Saudi Arabia’s Civil Code: compensation

The Civil Code allows contracting parties to pre-determine damages

MEPs formally adopt the EU AI Act

Under the EU AI Act, a new risk-based system of regulation applicable to AI will apply across EU member states.

EU AI Act: Parliament adopts groundbreaking regulatory framework

Internal implementation processes can take up to 24 months.

New IBA guidelines require firms and arbitrators to change disclosures approach

Parties are now obliged to disclose any relationship, whether direct or indirect

Dutch Data Act proposals underline impact on cloud software services

The EU’s Data Act was issued on 13 December 2023 and a recent consultation on a draft execution act shows how it will be embedded into the Dutch legal system.

Revised FTC Safeguards Rule Brings Breach Reporting Obligations to Non-Banking Financial Institutions in May 2024

That changes in May 2024, and GLBA-covered fintechs and other nonbank financial institutions need to prepare.

India, UAE promote investor confidence with bilateral investment treaty

The precise scope of investor protections under the new BIT remains to be seen, but until the new treaty enters into force, the current BIT will continue to prevail.

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