03/13/2023
Bermuda emerging as jurisdiction of choice for European investors in CRE CLOs
The collateral comprises real estate loans backed by mortgages over the underlying real estate assets.
Government Regulation
03/13/2023
UK immigration rule changes to take effect on 12 April
Further changes will enable more employers to bring young people from New Zealand, Australia and Canada into work in the UK, and the government has also confirmed that Qataris will be the first to benefit from the UK’s new electronic visa waiver sch
03/13/2023
UK competition authority gives green light to environmental sustainability agreements
Businesses will also have to continue to navigate divergent approaches adopted by other competition authorities around the world
03/13/2023
Timely change in the BVI - amendments to the BVI Business Companies Act 2004
BVI companies are also commonly used by venture capital and private equity investors
03/13/2023
UK Digital Markets, Competition and Consumer Bill could have major impact on subscription providers
The UK’s Competition and Markets Authority (CMA) also actively enforces consumer protection law and has previously investigated auto-renewal subscription contracts involving anti-virus software and published guidance in this area.
03/13/2023
The proposed regulatory requirements for the incoming virtual asset trading platform operators licences
Appended to the Consultation Paper is the draft Guidelines for Virtual Asset Trading Platform Operators which the SFC proposes to adopt and will set out the regulatory requirements
03/10/2023
Legislative and regulatory developments in Bermuda for Q4 2022
The work on modernising the laws on patents and registered designs is expected to result in two pieces of new legislation, instead of the current consolidated legislation and consistent with the current approach of the UK.
03/10/2023
Directors’ Post-Liquidation Duties under BVI Insolvency Law
The decision arose out of an application by the liquidators of a BVI company (hereafter, the Company) and appears to be the first time that this issue has been addressed by a Court in any jurisdiction (at least in a published judgment).
03/10/2023
Midjourney decision intensifies questions over definition of ‘human authorship’
The comic book contained art generated by Midjourney, an AI programme that generates images from text prompts, but Kashtanova did not disclose this fact.
03/09/2023
March 2023 update for investment managers operating BVI domiciled fund structures and SPVs
Finally, it should be recalled that the EU’s mandatory disclosure regime, known as DAC6, may be triggered by EU based intermediaries (such as tax planners) dealing with entities on the EU blacklist, including BVI Funds.
03/09/2023
Data protection law reforms set out in the UK
The UK government has described the new Bill as a “common-sense-led UK version of the EU’s GDPR”
03/09/2023
Signing Singapore Convention ‘would cement UK position as global mediation leader’
The announcement comes a month after the Centre for Effective Dispute Resolution (CEDR) published the results from its Tenth Mediation Audit (18 pages / 831KB PDF), which examined how the mediation market has changed in the last two years.
03/08/2023
Herbert Smith Freehills granted a Foreign Law firm Licence to establish an office in Riyadh
Stuart Paterson, the firm's managing partner in the Middle East said: "This region is strategically important to our clients and the firm, so we are very pleased indeed to be one of the first firms to receive a foreign law firm licence in the Ki
03/08/2023
Hogan Lovells secures FDA emergency use authorization for Lucira Health for breakthrough OTC COVID-19 and flu test
The Lucira COVID-19 & Flu Home Test utilizes the same platform and device design as Lucira’s commercialized FDA authorized COVID-19 test
03/08/2023
How to bridge the valuation gap in Ireland’s thriving PE market
Challenges to deal-making remain, though – including how to reconcile the different valuations would-be sellers and buyers are placing on target companies.
03/08/2023
‘Failure to prevent economic crime’ duty proposed for UK regulators
Its aims would also be to provide information and advice on whistleblowing, and to act on evidence of detriment to the whistleblower according to any guidance the secretary of state sets out in regulations.
03/08/2023
Australia's Superannuation Industry is feeling the pressure for consolidation
The period between the announcement of a successor fund transfer and the actual transition date is prolonged and members often feel a sense of being in limbo.
03/08/2023
Employers in Singapore must verify foreign professionals qualifications
Educational qualification is just one of the qualification criteria under COMPASS.
03/08/2023
Confirming a new strategic alliance with leading Spanish firm ECIJA
ECIJA Chairman, Hugo Écija said: "This alliance confirms our commitment to consolidate our position as an international firm and as a benchmark in the digital economy".
03/07/2023
Welcome Changes to the Key Employee Engagement Programme
KEEP is a tax efficient share option scheme for SMEs and start-up businesses which is designed to support and incentivise SMEs in their efforts to attract and retain key employees.