- Managers of Wealth - Legal - Wealth, private banking and asset management news and opinion

New CIETAC arbitration rules aim to improve ‘effectiveness and efficiency’

Jurisdiction rules have been expanded by the 2024 update.

Allen & Overy advises lenders on the Damietta port project in Egypt

The port of Damietta is strategically situated close to the Suez Canal, with direct road connections to Cairo, Alexandria, and the Nile Delta

EU Data Act entering into force ‘should spur business action’

The Data Act provides for both business-to-consumer and business-to-business data sharing in respect of data obtained, generated, or collected by connected products or from related services.

UK advertising regulators issue update on body image and enhancement review

The CAP and BCAP will confirm this spring whether the existing protections offered by current codes and guidance adequately address the possible harms arising from digitally altered body parts and proportions depicted in advertising.

2023: Review of the Guernsey property market

It is important to remember that, owing to the more limited stock, prices on the Open Market are subject to greater fluctuation than the local market

IT incident reporting rules updated for Luxembourg financial services

Luxembourg-based technology law expert Aurélie Caillard of Pinsent Masons said more incidents will be reportable under the new rules

Irish High Court quashes regulator’s decision implementing EU clean energy regulation

The High Court ultimately concluded that the SEM Committee had “overreached its role as regulator and took a misguided approach to implementing the Regulation”.

EU Advocate General: Austrian anti-doping committee GDPR compliant for publishing decision

Although an AG's opinion is not binding, it will often be followed by the CJEU.

Meta appoints Dentons to new EMEA Panel

The firm's global relationship with Meta has developed through years of collaboration.

Simandou contracts will reflect international sustainability standards

Audit and disclosure provisions are also likely to feature in the contracts.

The role for HR in EU corporate sustainability reporting

HR teams are unlikely to be responsible for assessing whether a business needs to comply with the CSRD.

Ten top tips for regulatory interviews in Guernsey

This update provides tips to consider when preparing for and attending the interview.

Cayman Regulatory Update – Q1 2024

This Regulatory Update provides a snapshot of the key legal developments in the Cayman Islands over the last quarter

Caribbean Regulatory Update – Q1 2024

BVI FSC licence fee reminders and increases to General Registry fees in the Cayman Islands.

Interest rates for late payments in commercial transactions increase to 12.5%

EU directive against late payments to be turned into regulation

Cayman Islands to be removed from EU AML list and UK list of high risk countries

The Regulation will enter into force on the twentieth day following that of its publication in the Official Journal of the European Union, which is expected later this month.

BVI Approved Managers and Approved Funds: Upcoming Filing Deadline - 31 January 2024

BVI Approved Funds are required to file an annual return with the Commission by 31 January 2024

FCA plans new UK regulatory regime for fiat-backed stablecoin

This regulatory framework would also allow for wider use of stablecoin use for global payments between consumers and merchants.

UK payment firms to compensate APP fraud victims up to £415,000

A potential incentive for prompt and accurate assessment lies in the ability of the sending firm to require the receiving firm to contribute 50% of the compensation

Abu Dhabi International Arbitration Centre launched in ‘timely’ reform

ADCACC has been administering arbitrations pursuant to procedural rules issued in 2013, under which the default seat is Abu Dhabi and default language of the proceedings is Arabic.

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