01/02/2024
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.
Government Regulation
01/02/2024
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.
01/02/2024
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.
12/29/2023
DOJ Announces Largest Stark Law FCA Settlement Since 2006
Community engaged a valuation firm to prepare formal fair market value (“FMV”) opinions
12/28/2023
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.
12/28/2023
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
12/27/2023
A Deep Dive into TC260’s Proposed Guide for GBA Cross-border Data Transfer
The Draft Guide provides protection standards for cross-border data flow
12/22/2023
Paperless Listing Regime and Mandatory Electronic Dissemination of Corporate Communications
In such circumstances, amendments would need to be made to a listed issuer’s current bye-laws or articles of association for compliance with the paperless listing regime.
12/22/2023
Ombudsman annual report highlights ‘good news’ for UK pension schemes
The report sets out the PO’s main focus areas for 2023-24, including measures to reduce wait times and deal with more complex cases in a more thorough way.
12/22/2023
UK Digital Securities Sandbox set to take effect
The idea is to support models and structures that would not be permitted under the existing framework.
12/21/2023
Guide to Gambling Law in the Isle of Man 2024
Casino gaming is regulated by the Casino Act 1986 (CA 1986).
12/21/2023
Diving into the section 48 investment tax credit proposed regulations
The notice of proposed rulemaking consists of several proposed amendments to the existing Income Tax Regulations under section 48 of the Internal Revenue Code (Code).
12/21/2023
Positive Development for the Cayman Islands: EU AML Delisting Process Commences
The Commission consulted the EU's Expert Group on Money Laundering and Terrorist Financing before adopting the Delegated Regulation.
12/20/2023
Converting a PIC to a Standalone Licensed Entity
A significant benefit of the PIC product has always been the ability of a sponsor/group to utilise a PIC to dip its toe into Cayman regulatory waters
12/20/2023
AI cannot be an inventor under UK patent law, rules Supreme Court
The UK’s highest court reiterated the views expressed by lower courts in the country
12/19/2023
GDPR cyber liability and compensation rights clarified by EU court
In its ruling, the CJEU also provided further clarification of the circumstances in which individuals may be eligible for compensation in the event their personal data is compromised in a cyber incident.
12/18/2023
Cayman Islands Continuations
Before proceeding with a continuation to the Cayman Islands, persons are advised to consult their tax, legal and other professional advisers in their respective jurisdictions.
12/18/2023
Construction companies need to mitigate growing risks of disclosure of electronic communications
The risks around candid electronic communications being made public have been realised in the most public and dramatic of ways in the last couple of years
12/15/2023
Bermuda: How to Improve IT Project outcomes
The British Government is among the most recent victims of a large IT project failure.
12/15/2023
FCA proposes to bridge financial ‘advice gap’ by rethinking advice framework
The FCA wants firms to do more to help consumers make better decisions