09/22/2023
The UK’s Online Safety Bill: what next for online service providers
The legislation is controversial, but it is now here to stay and requires business action.
Government Regulation
09/21/2023
Cayman Islands’ Corporate Governance Rule and Internal Controls Guidance and Rule
Conyers will be able to advise further actions to be taken where gaps or deficiencies are identified.
09/21/2023
PFAS: businesses advised to input into chemicals regulation consultation
In essence, the proposed restriction would ban the manufacture, placing on the market and use of PFAS above a set concentration limit
09/21/2023
US biotech wins preliminary patent injunction in UPC first
Any appeal brought by NanoString Technologies would be before the UPC Court of Appeal in Luxembourg.
09/20/2023
New FCA gateway for firms approving financial promotions in the UK
Under the new regime, an approver will be required to file regular notifications to the FCA and all approvers will be subject to bi-annual reporting requirements.
09/20/2023
The Commercial Entities (Substance Requirements) Act, 2023
CESRA mandates that all Registered Agents must submit this report to the Ministry of Finance within nine (9) months of an entity’s fiscal year-end.
09/19/2023
UK and Ireland strengthen energy cooperation with new agreements
Under the terms of both MOUs, the UK and Ireland will hold bi-annual meetings, with their respective ministers periodically convening to assess progress and discuss challenges.
09/18/2023
Irish competition regulator warned six firms of obligations in 2022
But competition law enforcement activity was limited to those six warnings and an ongoing investigation into alleged bid-rigging of tenders for school transport.
09/18/2023
GDPR fine imposed on TikTok
The DPC’s investigation looked at how TikTok’s settings were configured for child users, the company’s age verification procedures, and the information it provided for children.
09/18/2023
The potential of Collective Defined Contribution pension schemes
This collective investment management means that trustees of the fund have more freedom to invest in high-risk assets which may provide higher investment returns.
09/18/2023
The rule in Hastings-Bass under Cayman Islands’ statute
The Court will intervene to protect the interests of the innocent beneficiaries of the trust by setting aside the exercise, whether or not the beneficiaries might also have causes of action against the trustees or their advisers.
09/18/2023
SIAC commences consultation on revisions to its arbitration rules
The Consultation Draft proposes significant changes to the existing 6th Edition of the SIAC Rules.
09/18/2023
UK GDPR fines could be linked to NCSC engagement
Davey said that it is important for businesses to understand the full implications involved in making a ransom payment
09/15/2023
Updated Guidance Notes on the Prevention and Detection of Money Laundering, Terrorist Financing and Proliferation Financing in the Cayman Islands
The Updated Guidance Notes replace the previous version issued by CIMA on 5 June 2020, as supplemented in February 2021 and May 2021.
09/15/2023
Act ahead of new 'failure to prevent' fraud offence, businesses advised
During the summer, the Lords backed amendments to the government’s proposals
09/15/2023
Exemptions to the licensing requirements of the Lending, Credit and Finance (Bailiwick of Guernsey) Law, 2022
The class exemptions are set out according to the type of licence that would otherwise be required.
09/15/2023
Trina Solar: A Warning Regarding Reliance on Merger Price and Deficient Disclosure in s238 Proceedings
In fact, the Court held that no weight should be given to the merger price in this case and granted greater prominence to the DCF analysis.
09/14/2023
CIMA amends guidance to accommodate e-KYC and Digital ID Systems
If applied correctly the use of e-KYC has many benefits.
09/13/2023
Call for Sites - Guernsey's Island Development Plan
The Call for Sites is an opportunity for residents, landowners, developers and organisations to suggest land in Guernsey that is both available and suitable for development
09/13/2023
Merger of Bermuda Companies
It deals in broad terms with the requirements and procedures under Bermuda law for effecting such a merger.