- Managers of Wealth - Legal - Wealth, private banking and asset management news and opinion

Guernsey Regulator Releases Final Form Rules on Virtual Asset Service Provider & Consumer Lending Law

The GFSC consulted on a draft form of the Rules over the summer of 2022, and has also published feedback on that consultation.

Burges Salmon appointed to Ordnance Survey legal panel

The firm has been appointed to the OS legal panel for an initial three year period with the potential to extend

United we stand

It is important to understand that our laws are not the same as those in the UK and our courts are not generally required to follow their decisions.

Regulatory reform will shape 2023 cyber risk landscape

In 2023, organisations should continue to evaluate their readiness to deal with cyber issues. Consideration of cyber risk in the supply chain should form part of that.

Limitation period applies to claims made in adjudication

The limitation defence was raised by Cooper Construction Limited (Cooper) in adjudication enforcement proceedings before the High Court brought by LJR Interiors Limited (LJR).

Virtual Assets Service Providers Act enacted in the BVI

The registration requirements and continuing obligations are designed to ensure that service providers in the BVI operate in a prudent manner

A global comparison of international arbitration rules on new claims

Several arbitration rules rely on the concept of the Terms of Reference (ToR) to set a procedural milestone after which submitting new claims is made difficult.

Regulator of algorithms established in the Netherlands

Amsterdam-based technology law expert Wouter Seinen described the choice of the AP as the new regulator as “remarkable”.

US DOJ Announces Changes to Corporate Enforcement Policy

The policy, now to be called the Corporate Enforcement and Voluntary Self-Disclosure Policy, offers a presumption of a declination to companies who voluntarily self-disclose misconduct to the Criminal Division, fully cooperate and appropriately remediate,

US Treasury Releases Final and Proposed Regulations on Qualified Foreign Pension Funds and Other Issues under FIRPTA

This Legal Update provides a review of certain rules provided in the Final Regulations and the 2022 Proposed Regulations, including comparisons to the prior proposed regulations.

Dentons Challenges the traditional approach to Early careers Recruitment in the Legal Sector

The new blended assessment provides an overall ‘potential’ score for decision making and a personalised feedback report for candidates.

Green Elite: The Duomatic Principle, s.175 and directors’ liability for unauthorised payments

The company subsequently went into liquidation and its liquidators alleged that those payments – which comprised the sale proceeds of assets previously owned by Green Elite – had been made by the directors in breach of their fiduciary duties.

Corporate crime and investigations: What now for 2023?

The prosecution has since obtained leave to appeal to the High Court (Australia's highest court), so 2023 should see the High Court of Australia's first consideration of foreign bribery penalties.

The Online Safety Bill: What next? The Digest

The panellists agreed that the Bill is wide-ranging, inherently political, unenviable to deliver, but welcome.

DORA new security incident management rules for financial services

The European Supervisory Authorities (ESAs) will have a significant role to play incident management.

UK GDPR: What is a "transfer"?

The UK GDPR must apply to the personal data which is subject to the proposed transfer.

Last chance! Deadline looms for the UK's new register of overseas entities

Beneficial owners will be registrable if they are individuals, legal entities, or governmental authorities.

New draft law implements Regulation on mutual recognition of freezing and confiscation orders throughout the EU

The Law is limited to determining the options left to the Member States in the context of implementing the Regulation and to formulating clarifications to ensure that the procedure under national law is fully effective.

UK Online Safety Bill rethink urged

The package is just the latest in a series of amendments that have been made to the Bill since it was introduced into parliament.

Government Regulation