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Regulatory Focus on Undue Costs in UCITS and AIFs

On 17 May 2023, ESMA published an Opinion on undue costs of UCITS and AIFs

EU seeks to clarify boundaries of cryptoasset regulation

ESMA is consulting on new guidelines which aim to shed light on key questions relating to MiCA’s scope and has also published guidance regarding transitional measures.

The Licensing and Regulation of Banks and Trust Companies in the Cayman Islands

It deals in broad terms with the requirements of Cayman law for the establishment and operation of such entities.

Businesses must avoid ‘complacency’ on pay to minimise risk of recognition requests

Black said that employers should be keeping an eye on competitor pay and banding to ensure they are not falling behind others in the sector.

Reaction as EU vote on Corporate Sustainability Due Diligence Directive is delayed

Herbert Smith Freehills' partner responds to news that a routine vote on the EU's due diligence law (the Corporate Sustainability Due Diligence Directive) has been postponed

Endeavor Energy Resources and Diamondback Energy to Combine in $26 Billion Deal

Upon closing, Diamondback’s existing stockholders are expected to own approximately 60.5% of the combined company

Non-financial misconduct in financial services regulation –where do we stand?

However, the absence of explicit regulatory guidance, as well as some apparent inconsistencies in regulatory decisions have led to some uncertainty as to the scope of the FCA’s authority.

NIS2: Netherlands to miss EU cyber law deadline

Experts in technology and data law and risk at Pinsent Masons in Amsterdam said the recent announcement made by the Ministry of Justice and Security should not delay their preparations for NIS2.

Debevoise Intellectual Property Litigation Practice Again Receives Top Rankings from World Trademark Review 1000

Counsel Jared Kagan, ranked in the bronze band in New York

The States makes a major change to Jersey intestate collateral succession rules

Under Jersey customary law, a piece of immovable property which is inherited on intestacy falls into one of two categories; it is either a propre or an acquêt.

Successful succession: Personal investment holding companies in the BVI

Shares in a BVI Company may be held jointly with rights of survivorship

Revolut ruling puts bank account closures back in focus

In the case before the High Court, Revolut closed the account of Ildar Uzbekov based on hundreds of online articles which included allegations of money laundering

Implementation of the Technology and Cyber Risk Measures for DPT Services

Previously, the Notice only applies to operators and settlement institutions of designated payment systems under the Payment Services Act 2019. F

Hogan Lovells joins Winmark's PensionChair Network as legal Technical Partner

The PensionChair Network approached Hogan Lovells in response to extremely positive feedback from Network members and technical partners.

Conyers Successfully Secures Winding-Up Order Against Cayman Islands Fund Investment Manager Within 3 Month

Conyers effected service of a statutory demand for the Debt on the Company on 4 October 2023.

Improvements to banking KYC needed to build customer commitment

KYC is a set of processes allowing banks and other financial institutions to analyse the identities of organisations and individuals they want to onboard

Dentons HPRP and CGS CIMB Lead the Way in the Third Structured Warrant Issuance

Dentons HPRP played an instrumental role in pioneering the introduction of structured warrants in Indonesia, which serves as a testament to its dedication to financial innovation.

Abu Dhabi arbitration centre opens with modern arbitration rules

Emergency arbitrators enjoy the same powers vested in the tribunal, and may order the preliminary measures they deem appropriate on an interim basis.

EU member states approve final wording of AI Act

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

European Central Bank to ‘stress test’ cyberattack response and recovery

The ECB conducts supervisory stress tests on an annual basis, participating in an EU-wide stress test coordinated by the European Banking Authority every two years to help improve cybersecurity measures.

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