10/25/2023
How UK cloud contract negotiations could be influenced by the CMA’s investigation
The CMA has subsequently issued a statement to inform evidence-gathering during the initial phase of its investigation
Government Regulation
10/24/2023
Pensions disputes: UK ombudsman weighs in on pension benefits calculations
He received a benefits illustration stating that, depending on the rate of return, he might receive £5,690 as an annual pension.
10/24/2023
EU and UK Regulatory Update for Fund Sponsors
Routes to marketing in Europe vary among sponsors.
10/24/2023
Asset managers should prepare for nature-related reporting
The task force is structured as a framework of recommendations for business and financial institutions but can also be used as a guideline in a variety of sectors and in organizations of any size.
10/24/2023
How civil litigation can help investment scam victims recover their money
The first port of call for victims in the UK is usually to contact the police and to notify Action Fraud.
10/24/2023
Protecting women against workplace harassment moves up UK political agenda
The legislation, which is expected to receive Royal Assent in the coming days, will impose a new duty on UK employers to take reasonable
10/23/2023
Australian workplace protections may extend to overseas employees
Employers thinking about such hires should consider changing their engagement processes to reduce that risk.
10/23/2023
FCA warns firms as new cryptoassets financial promotion regime comes into force
The FCA said it expects firms to consider how risk summaries and appropriateness assessments should be tailored to the specific cryptoassets being promoted.
10/20/2023
Introduction of mandatory Energy Performance Certificates in Jersey - Update
The legislation (and the assessment benchmarks) will be subject to consultation in 2024.
10/20/2023
US Department of State to begin stateside visa renewal pilot in early 2024
This initial launch will be a limited pilot – it will only be available to 20,000 applicants on a voluntary basis.
10/20/2023
Living but not working in the Cayman Islands
Applying for such a residency certificate is relatively uncomplicated and will take around six weeks to obtain.
10/19/2023
Foreign gains to be subject to Hong Kong Profits Tax (Part 3) – further refinement to the foreign sourced income exemption (FSIE) regime in Hong Kong
Similar to the existing FSIE regime, the refined regime is in response to updated EU guidance that all foreign disposal gains should be subject to the regime.
10/19/2023
China proposes to ease cross-border data transfer rules
This will remove the potential ambiguities and uncertainties that have been troubling Chinese data exporters.
10/19/2023
UK government plans ‘will do little’ to close the gender pensions gap
Employers also need to foster a working environment conducive to employees
10/19/2023
Cayman Islands exempted companies: an overview
This guide provides a comprehensive overview of the Cayman Islands exempted company.
10/19/2023
FCA hints at ‘sensible’ reforms to UK AIFMD regime
Alder said feedback from funds and managers “pointed to practical issues caused by the full AIFMD regime only applying to firms above a threshold of assets under management.”
10/18/2023
Jordan issues first personal data protection law
This long-awaited development is consistent with wider regional and international trends to recognise the privacy of individuals and regulate the protection of their personal data.
10/18/2023
Demystifying Cayman Real Estate Law - Changes to Stamp Duty for Caymanian Buyers
Two to ten first time Caymanian buyers purchasing together would enjoy increased thresholds with 0% Stamp Duty on purchases of a home up to CI$600,000
10/17/2023
SEC Scraps Ticker Tape Concept for Securities Loans, Ignites
Speaking to Ignites, partner Ignacio Sandoval said that “it’s not going to be a ticker tape for securities lending."
10/17/2023
UAE introduces stricter fines for commercial agency rules violations
The new penalties, detailed in Cabinet Decision No. 89/2023, are intended to deter breaches of Federal Law No. 3/2022