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French Supreme Court confirms "hybrid" trust tax treatment of trust income for non-discretionary revocable trusts with US citizen, French resident beneficiaries

The US citizens discussed in the Supreme Court's ruling were also tax resident in France for the relevant taxable period.

The problem of divergence in EU Foreign Investment review: will the proposed EU FDI Screening Regulation close the gaps?

This post details the key features of the reform to the Regulation, considers whether they address the issue of significant divergences between screening mechanisms, and highlights some of the main impacts that investors need to be aware of going forward.

Beyond the Betrayal: Navigating Strategies for Victims of APP Fraud

If it fails to do so, it will have breached its duty of care to its customer and be liable for any loss suffered.

Chambers Insurance & Reinsurance Guide 2024: Bermuda

Insurers in Bermuda should also be aware of the provisions of the Life Insurance Act 1978

Company law update in China impacts foreign-invested enterprises

This reflects the needs of economic development and changes in the market environment in recent years.

Broad building safety levy threatens housing supply, says expert

The funds gathered from the levy are intended to be used to help fund remediation works to existing residential buildings where safety defects have been identified.

New UAE competition law ushers in new era for merger control

The new law will impact entities operating in or looking to do business in the competitive landscape of the UAE.

EU bodies agree deal on expanding reach of AML rules

The deal seeks to enhance the EU's ability to fight money laundering, the financing of terrorism and evasion of sanctions.

BVIFARS Portal - Live January 2024

Starting 1 June 2024, payment must be made by 1 June each year through the BVIFARS portal by direct debit, Visa, ATH or Master Card.

New Jersey Enacts Privacy Law

The Privacy Act applies to controllers of personal data that conduct business in New Jersey

ICO’s generative AI guide underlines data-scraping compliance risks

Technology law expert Sarah Cameron said: “AI developers need to be aware, in particular, of the risk of copyright infringement."

Proposals to reform EU FDI Screening Regulation imminent

The proposal to reform the EU FDI Regulation comes off the back of the EC’s reports highlighting that

Immigration and Nationality fee increases to begin October 2023

The new fees come into effect from 4 October 2023.

EU Removes the Cayman Islands from EU AML List: Considerations for Clients

The Regulation will come into force on 7 February 2024, resulting in the official de-listing of the Cayman Islands from the EU AML List on such date.

Bitcoin ETF approvals come with stark warning from SEC Chair

Cryptocurrency enthusiasts hope this decision signals a broader adoption of cryptocurrency in the United States.

Ruling confirms conditions for planning permission severability

It can be advantageous for developers to have planning permission that is severable

Crown Dependencies Retain Data Protection Adequacy Status

The adequacy decisions under review were initially made on the basis of data protection legislation preceding the GDPR

Central Bank of Ireland Letter on 2022 ESMA Common Supervisory Action on Asset Valuation

The Letter should be brought to the attention of the boards of FMCs and appropriate action taken without delay.

Cohabiting couples: is reform on the horizon?

The current legal position for cohabitating couples can leave one party at a significant disadvantage and vulnerable on separation.

Supporting clients to seize Korea’s substantial opportunities

Through the JV, the team will be able to provide integrated Korean and cross-border transactional and advisory legal advice to clients

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