11/16/2023
UK offshore wind auction price cap increased
The government has confirmed price cap rises for other renewable energy technologies too, ahead of the sixth round of the renewables Contracts for Difference (CfD) auction in 2024.
Government Regulation
11/16/2023
Dutch law regulating ‘turbo liquidations’ takes effect
Dutch law provides that a company can be dissolved through a resolution of the general meeting to that effect
11/15/2023
LMA Guide to Sustainability-Linked Leveraged Loans
This follows revisions to the Sustainability-Linked Loan Principles ("SLLPs") in February 2023.
11/15/2023
BoE and FCA publish proposals for UK stablecoin payment regime
Stablecoins are a form of digital assets that purport to maintain a stable value relative to a fiat currency by holding assets, which may be of variable value, as backing.
11/15/2023
Firm Is Honored With Animal Law Pro Bono Achievement Award
Latham was recognized at the 2023 Animal Law Conference for the firm’s pro bono work on behalf of the Animal Legal Defense Fund.
11/14/2023
Data Protection for Cayman Islands investment funds
Where a data controller engages a third party (such as an administrator or investment manager) to process personal data on its behalf, the data controller must ensure the third party complies with the eight data protection principles.
11/14/2023
Collas Crill Advocates admitted to Guernsey Bar
Before joining Collas Crill Amy spent two years specialising in financial crime prevention at a private bank.
11/14/2023
Spain legislates for first EU AI Act regulatory sandbox
The Royal Decree also establishes the creation of an AI advisory committee made up of independent technical experts.
11/14/2023
FCA shows ‘assertive and intrusive’ supervision in letter to wealth managers and stockbrokers
The FCA warned in its letter that it will consider in future engagement whether firms have taken appropriate action to rectify the root cause of any issues
11/13/2023
Legal challenge to Scotland’s rent cap rejected
The failed challenge means landlords will continue to be liable for increased damages for unlawful evictions of up to 36 months’ worth of rent.
11/13/2023
Higgs & Johnson Provides a Superior Client Experience
The Commercial practice was praised for its ‘capacity to service a mixed clientele
11/13/2023
Trends shaping Ireland’s hedge funds market
Other factors, including scrutiny of fund fees and costs, and recent macroprudential developments, are also set to shape the future development of the market.
11/10/2023
CTA regulations set to take effect in January 2024 with obligations for some private fund sponsors
All businesses with US entities (or foreign entities doing business in the United States) will be affected by the CTA requirements, which are by no means limited to fund sponsors.
11/10/2023
Paperless Listing Regime and Mandatory Electronic Dissemination of Corporate Communications: Impact on Bermuda, Cayman Islands and British Virgin Islands listed issuers
In respect of communications by means of a website, a holder is only deemed to have given consent that the issuer may send communications by means of a website in limited circumstances.
11/10/2023
Reserving powers under Guernsey Trusts Law
The person to whom powers have been reserved are often referred to as a protector
11/10/2023
Court of Appeal adds additional hurdle to pension trustees recouping payments
Pensions litigation expert Hayley Goldstone of Pinsent Masons described the decision as a “blow” to the PO’s enforcement powers and an “unwelcome inconvenience” for pension trustees.
11/09/2023
UK to move ahead with Automated Vehicles Bill
On safety, it has said the Department for Transport and its agencies will be given new powers to authorise the use of self-driving vehicles.
11/09/2023
Arbitration Bill tipped to underscore London’s position as leading arbitration hub
The Bill’s inclusion in the King’s speech means businesses can expect the draft legislation to be introduced before parliament during the course of the next parliamentary session, before the next UK general election.
11/09/2023
Why prenuptial agreements are increasingly popular among modern Asian families
As prenups are acknowledged by courts in many jurisdictions worldwide, they’re becoming much more accepted as a wealth protection tool and a lot less taboo.
11/08/2023
UKVI Account Update
eVisas are currently available to a number of migrants, such as those on the EU Settlement Scheme.