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BVI Approved Managers and Approved Funds: Upcoming Filing Deadline - 31 January 2024

BVI Approved Funds are required to file an annual return with the Commission by 31 January 2024

FCA plans new UK regulatory regime for fiat-backed stablecoin

This regulatory framework would also allow for wider use of stablecoin use for global payments between consumers and merchants.

UK payment firms to compensate APP fraud victims up to £415,000

A potential incentive for prompt and accurate assessment lies in the ability of the sending firm to require the receiving firm to contribute 50% of the compensation

Abu Dhabi International Arbitration Centre launched in ‘timely’ reform

ADCACC has been administering arbitrations pursuant to procedural rules issued in 2013, under which the default seat is Abu Dhabi and default language of the proceedings is Arabic.

European Media Freedom Act agreement ‘step in right direction’ for press

The agreement means that the act will now be adopted into EU law.

Asian Investment Funds | Corporate Governance and Compliance

As such it is unlikely that additional measures with respect to internal controls beyond adopting the corporate governance framework required under the CG Measures would be required.

Bermuda: Cat Bond Market Momentum to Persist After Year of Surprises

In 2023, catastrophe bond and related ILS issuance hit a new a high of more than $16 billion

New media law brings UAE ‘into digital age’

The legislation also sets out “the importance of maintaining individual privacy”, as well as incorporating measures to reduce the promotion of “destructive ideas” and the abuse of young people online, Hayward added.

Proposed changes to Children and Civil Status (Amendments) (Jersey) Law

The draft Law also deals with two other important aspects of parental rights that will affect many parents in Jersey.

Out of sight, out of mind: a comparative guide to Jersey and BVI probate for non-domiciliaries with movable assets

Planning and preparation can help to reduce delay and complication through the probate process at what can be a very difficult time.

Mayer Brown adds leading class action and data privacy litigator Anthony Weibell in Northern California

Privacy class actions and internet class action-related litigation are at an all-time high in California and across the country

Gender pay gap in UK tech sector improves but more female leaders needed

BT Group is among the large employers that are part of the 30% Club

Hong Kong Virtual Assets Regulatory Update: Joint Circular on Intermediaries’ Virtual Asset-Related Activities

This Circular supersedes the 28 January 2022 joint circular on intermediaries’ virtual asset-related activities.

Retained EU law reforms come into force in the UK

The Act has removed the special features of EU law that governed the interpretation and application of this legislation.

Collas Crill Cayman now registered as a limited liability partnership (LLP)

Collas Crill LLP converted from a general partnership trading under the name Collas Crill on 29 December 2023.

DOJ Announces Largest Stark Law FCA Settlement Since 2006

The Stark Law broadly prohibits providers from billing for certain services referred by physicians with whom they have a financial relationship.

U.S. Antitrust Agencies Finalize New Merger Guidelines Intended to Reinvigorate Merger Enforcement

The impact of the 2023 Merger Guidelines on courts remains to be seen.

DOJ Announces Largest Stark Law FCA Settlement Since 2006

Community engaged a valuation firm to prepare formal fair market value (“FMV”) opinions

Seychelles to Introduce Framework for Regulation of Virtual Assets and Virtual Asset Service Providers

A licence shall be required for VA Wallet Providers, VA exchanges, VA Broking, VA Payment Providers and VA Investment Providers operating in or from Seychelles.

Challenges of Taking Security over the Shares of a Licensed Insurer

As the result of the market-leading position of our insurance practice, we have had the chance to advise on many of the more complex deals in the market

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