03/14/2023
Businesses await Hunt’s UK spring Budget
When Hunt sets out his spring Budget on Wednesday, he will do so buoyed by recent improvements to the UK’s short-term economic outlook.
Government Regulation
03/14/2023
Dentons offers staff an additional week of bonus leave
In addition, Dentons has increased its paid parental leave arrangement for all Direct Carers.
03/14/2023
Developments, deals and determination: Shoosmiths shows its real estate expertise
Shoosmiths also showcased its expertise, supporting major real estate acquisitions in 2022.
03/14/2023
Cayman Islands SVB update for startups and founders
It has also been heartening to see so many industry participants offering assistance and information to those impacted.
03/14/2023
HMRC’s new Guidelines for Compliance: what large businesses need to know
Large businesses that fall within the enhanced compliance regimes, such as the senior accounting officer regime (SAO) and the obligation to notify uncertain tax treatments (UTT), will need to be particularly aware of GFCs.
03/14/2023
The new role of patents in energy innovation
Buying the necessary hardware from component suppliers who have the right licenses can deal with these issues.
03/14/2023
DOJ announces new polices concerning third party messaging apps and compensation clawbacks
The reason for this risk is that the ability to preserve business-related electronic data is a basic yet important step in responding to DOJ or regulatory requests for documents.
03/13/2023
Bermuda emerging as jurisdiction of choice for European investors in CRE CLOs
The collateral comprises real estate loans backed by mortgages over the underlying real estate assets.
03/13/2023
UK immigration rule changes to take effect on 12 April
Further changes will enable more employers to bring young people from New Zealand, Australia and Canada into work in the UK, and the government has also confirmed that Qataris will be the first to benefit from the UK’s new electronic visa waiver sch
03/13/2023
UK competition authority gives green light to environmental sustainability agreements
Businesses will also have to continue to navigate divergent approaches adopted by other competition authorities around the world
03/13/2023
Timely change in the BVI - amendments to the BVI Business Companies Act 2004
BVI companies are also commonly used by venture capital and private equity investors
03/13/2023
UK Digital Markets, Competition and Consumer Bill could have major impact on subscription providers
The UK’s Competition and Markets Authority (CMA) also actively enforces consumer protection law and has previously investigated auto-renewal subscription contracts involving anti-virus software and published guidance in this area.
03/13/2023
The proposed regulatory requirements for the incoming virtual asset trading platform operators licences
Appended to the Consultation Paper is the draft Guidelines for Virtual Asset Trading Platform Operators which the SFC proposes to adopt and will set out the regulatory requirements
03/10/2023
Legislative and regulatory developments in Bermuda for Q4 2022
The work on modernising the laws on patents and registered designs is expected to result in two pieces of new legislation, instead of the current consolidated legislation and consistent with the current approach of the UK.
03/10/2023
Directors’ Post-Liquidation Duties under BVI Insolvency Law
The decision arose out of an application by the liquidators of a BVI company (hereafter, the Company) and appears to be the first time that this issue has been addressed by a Court in any jurisdiction (at least in a published judgment).
03/10/2023
Midjourney decision intensifies questions over definition of ‘human authorship’
The comic book contained art generated by Midjourney, an AI programme that generates images from text prompts, but Kashtanova did not disclose this fact.
03/09/2023
March 2023 update for investment managers operating BVI domiciled fund structures and SPVs
Finally, it should be recalled that the EU’s mandatory disclosure regime, known as DAC6, may be triggered by EU based intermediaries (such as tax planners) dealing with entities on the EU blacklist, including BVI Funds.
03/09/2023
Data protection law reforms set out in the UK
The UK government has described the new Bill as a “common-sense-led UK version of the EU’s GDPR”
03/09/2023
Signing Singapore Convention ‘would cement UK position as global mediation leader’
The announcement comes a month after the Centre for Effective Dispute Resolution (CEDR) published the results from its Tenth Mediation Audit (18 pages / 831KB PDF), which examined how the mediation market has changed in the last two years.
03/08/2023
Herbert Smith Freehills granted a Foreign Law firm Licence to establish an office in Riyadh
Stuart Paterson, the firm's managing partner in the Middle East said: "This region is strategically important to our clients and the firm, so we are very pleased indeed to be one of the first firms to receive a foreign law firm licence in the Ki