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Cayman Islands: Year-End Obligations

Under the ES Act, a late penalty filing fee of US$6,098 can be imposed together with an additional penalty fee of US$610 for each day an ES Return remains outstanding.

Central Bank announces Macroprudential Policy Framework for Irish Property Funds

The Central Bank expects that existing Property Funds will make gradual and orderly progress towards lower leverage levels over the implementation period.

EU adopts new sustainability reporting requirements for companies in and outside the EU

Companies will have to look at the entire value chain in their reports and provide precisely defined key figures.

Companies House Reform 2022

This proposes measures to reform Companies House and give the Registrar of Companies additional powers to maintain the accuracy of the UK’s record of companies.

Scottish Government proposes alcohol advertising ban

The restrictions being considered include a prohibition on alcohol sports and event sponsorship.

EU Court of Justice Blocks Public Access to Beneficial Owner Information: Implications for Bermuda

Bermuda has a comprehensive central register of beneficial ownership information, which is held and maintained by the Bermuda Monetary Authority.

Cloud gaming and mobile browsers market investigation opened in the UK

Market investigations generally must be completed within 18 months

Planning measures can supercharge retirement living development

UK government could make some relatively modest but transformative policy changes to the National Planning Policy Framework (NPPF).

Baker McKenzie, Centro Mexicano Pro Bono, KPMG and Grupo Proeza present the Legal Guide for the Dissolution of Non-Governmental Organization (NGOs)

The guide contains information collected from the different regulations, laws and codes that regulate the actions of NGOs in Mexico

Delivering legacy life insurance and pension product simplification

The advent of auto-enrolment, ‘Freedom & Choice’ and the regulatory focus on customer outcomes are new challenges facing pension firms.

Year-End Deadline for Regulated Entities' Whistleblowing Procedures

Of primary note, the 2022 Act requires that all entities initially in scope must have and maintain internal reporting channels and investigation procedures that comply with its requirements from 1 January 2023.

Achieving legacy pension product simplification through unilateral contract variation

Moving legacy pension schemes to an updated, modern administration platform should generally be in the interests of all affected customers

Legislation to regulate unfair contract terms in the Bailiwick

It remains to be seen whether legislation regulating this area more widely will follow, perhaps modelled on the LCF Law.

Infrastructure companies’ corporate governance can be improved with TCFD compliance

Good corporate governance practices are essential for businesses seeking to respond to the challenges posed by climate change and the transition to a net zero economy.

How can UK or US courts protect your business from a ransomware or cyber-attack?

Anonymity was granted not only because the business was a victim of blackmail but because of the risk posed by the malicious use that its information could be put to in the wrong hands.

Chambers and Partners Insolvency 2022 Edition

Abel Lyall contributed to the Guernsey chapter and Stephen Alexander and Andrew Bridgeford contributed to the Jersey chapter

Pensions disputes: Ombudsman relies on telephone recordings to make determination

During the telephone calls between Mr A and the provider, the provider strongly recommended that Mr A seek financial advice to inform his decision.

Spanish translation of LCIA rules signals push to promote court across globe

The translation of the LCIA rules, which were updated in 2020, marks the first time that they have been made available in a language other than English.

Latham Advises on Growth Investment for Openly, a Leading Homeowners Insurance Company

The financing will enable the premium homeowner insurance company to enhance its technology offering and expand its geographic footprint.

Flow operational resilience requirements into services contracts

The good news is that many of the provisions that firms already include in contracts in order to meet regulatory requirements on outsourcing or the use of third party providers will help firms satisfy operational resilience requirements.

Government Regulation