08/24/2022
Latham & Watkins Advises Cloudways in Acquisition by DigitalOcean
A multidisciplinary deal team led by members of the M&A Practice and Technology Industry Group represent the cloud hosting and SaaS provider for SMBs.
Government Regulation
08/24/2022
New rules on outsourcing in the Luxembourg insurance sector
The Luxembourg CAA has published a Circular clarifying requirements when in scope entities outsource “important operational activities” to third parties.
08/23/2022
The Protected Disclosures (Amendment) Act 2022 – Prepare for Implementation
It was signed into law on 21 July 2022 and is due to come into force shortly.
08/23/2022
Attorneys Analyze Financial Crime Regulation of Crypto Assets Website Content
Stakeholders in the crypto asset industry should evaluate where regulations are anticipated and proactively put in place compliance controls to lessen the likelihood of involvement in money laundering or sanctions breaches.
08/23/2022
Investment to-do list: Governance steps for trustees in relation to ”backward-looking” reports
The DWP has recently published statutory guidance setting out its expectations of trustees
08/23/2022
Guernsey liquidations
The purpose of these general meetings is for the liquidator to provide an account of their conduct of winding up during the year.
08/22/2022
UK advances multinational top-up tax despite mostly a lack of progress elsewhere
The draft legislation provides for the multinational top-up tax to apply effectively from 2024.
08/22/2022
Filing Extension for Economic Substance Declarations for In-scope Entities Which Earned No Gross Revenue
The Registrar has recently initiated desk-based reviews, requests for information and onsite inspections of entities to ensure compliance with the economic substance requirements.
08/22/2022
CV fraud case highlights need for due diligence in recruitment
The High Court initially granted the confiscation order against Andrewes.
08/22/2022
CIMA publishes revised regulatory procedures for the deregistration of Cayman Islands regulated funds
Under the new deregistration procedures, although CIMA should be notified of a fund's intention to deregister within 21 days of that determination, the fund must complete and file its final audit
08/19/2022
Market guidance issued on NSIA – but is it enough to smooth the road-bumps?
One practical issue with the NSIA is that its broad jurisdictional scope has driven a significant number of precautionary notifications
08/19/2022
Amendments to the BVI Business Companies Act 2004
Legal Update
08/19/2022
Review Luxembourg outsourcing contracts, financial firms urged
The CSSF has developed template forms to support prior notification.
08/19/2022
Vietnam calls for up to US$14bn annual power investment
Vietnam plans to seek private investment for these projects, according to a news report.
08/19/2022
Columbus Family Law Attorneys at Grossman Law Offices Recognized in 2023 Best Lawyers
Six attorneys from Columbus-based Grossman Law Offices were recognized in the 2023 edition of The Best Lawyers in America® and the Best Lawyers: Ones to Watch™.
08/18/2022
UK Government proposes a new approach to regulating artificial intelligence (AI)
Businesses should also consider who is responsible for AI governance and risk management strategy within their organisation and prepare to align their internal AI strategy with the proposed principles.
08/18/2022
Are pay rises the only option for employers wanting to support employees with the cost of living crisis?
The rising energy costs, ongoing supply chain disruption and labour shortages mean that many employers are simply not in a position to permanently raise wages enough to counter the impact of the cost of living crisis on their employees.
08/18/2022
US fundraising for foreign charities
This paper outlines the legal requirements that must be satisfied to establish and operate a US charitable affiliate organization to raise contributions by US residents.
08/18/2022
UK Home Office scraps Police Registration Scheme for migrants
Migrants who have been issued with a visa with the requirement to register now no longer need to go to a police station to register
08/18/2022
Probuild ruling changes common law stance on constructive acceleration claims
Probuild was delayed in completing the project and submitted an EOT claim to the project manager which was ultimately rejected.