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
Government Regulation
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
10/16/2023
UK Mandatory Disclosure Rules (MDR) for cross-border tax avoidance arrangements
The MDR is designed to ensure that tax authorities are notified of tax avoidance arrangements or opaque offshore structures.
10/16/2023
FCA warns platform firms about exposure to high-risk investments
The FCA also wants to see firms making positive changes having started applying the Consumer Duty requirements – including regarding fees and charges.
10/16/2023
The Data Act's implications on privacy & data protection
Both the GDPR and the Data Act include obligations on data portability.
10/16/2023
The Philippines opens its doors: new foreign investment opportunities
Republic Act No. 11647 introduced amendments to the aforementioned Section 8 to provide more options for foreign investors to avail of the lower minimum paid-in capital requirement
10/16/2023
Agreed Security Principles – Guernsey and Jersey Law Considerations
Security is created and perfected over Guernsey situs assets pursuant to the Security Interests (Guernsey) Law, 1993 (as amended) (the Guernsey Security Interests Law)
10/16/2023
What's happening with the EU Regulation on standard essential patents?
Three committees have been appointed
10/13/2023
Scottish Charity law update
The Scottish Regulator will also be able to remove unresponsive charities from the Scottish Charity Register who fail to submit their accounts and do not engage with communications from OSCR.
10/13/2023
New Charity Commission guidance published on the use of social media
In any event, the guidance recommends that the social media policy should explain clearly who is responsible for day-to-day management
10/13/2023
Irish Budget 2024 Implications for International and Irish Business
There were various changes to support Irish investment in indigenous companies
10/13/2023
Ireland introduces central beneficial ownership register for some investment funds
The new Regulations also provide clarification on who constitutes a 'beneficial owner' of a unit trust
10/13/2023
Dutch ruling highlights wider EU legacy issues following telecoms regulatory reform
In reaching its decision, the Dutch court considered a particular delegated EU regulation introduced in December 2020 that sets a single maximum EU-wide mobile voice termination rate
10/13/2023
Implementation deadline is here: New Cayman rules on corporate governance and internal controls
The Rules are applicable to all regulated entities
10/12/2023
UK Supreme Court backs worker-friendly underpayment ruling
It may have the greatest impact in industries where a large part of pay is made up of overtime or commission.
10/12/2023
Fundraising Regulator Code Review 2022-24
The Regulator's Code of Fundraising Practice (the 'Code') applies to all fundraising carried out by charitable, philanthropic and benevolent organisations
10/12/2023
EU Foreign Subsidies Regulation mandatory notification rules start to apply
Under the new regime, M&A transactions are subject to prior notification if the acquired company, at least one of the merging parties, or the joint venture, is based in the EU
10/11/2023
South African ruling explores ‘delay’ in review applications
The court considered two aspects: firstly, whether the review was brought within a reasonable time period, and secondly, whether the delay should be condoned given the circumstances.
10/11/2023
France’s ‘Cyberscore’ law impacts online platforms
The draft order sets out the criteria, presentation methods, and rating system applicable to services for calculating the Cyberscore.