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Crown Dependencies announce joint approach to Pillar Two Framework

Guernsey, Jersey and the Isle of Man each intends to implement an "Income Inclusion Rule"

Bermuda Extends Streamlined Actuarial Work Permits Pending Policy Review

The expedited process grants employers time-saving benefits

Cayman Islands funds – CIMA regulatory measures update

This Rule requires that the operators of a regulated fund must meet at least once a year.

Irish misconduct dismissal ruling shows risk of failing to apply fair procedures

The High Court concluded that it would not be appropriate to make an order which would compel the employer to bring Buttimer back to work.

Germany introduces new Whistleblower Protection Act

Failure to set up a reporting office can only be punished with a fine six months after entry into force.

Record GDPR fine and order issued over data transfers

This decision is flawed, unjustified and sets a dangerous precedent for the countless other companies transferring data between the EU and US.

New Guidance for First-Time Buyers in Jersey - Who Qualifies?

In summary, a first-time buyer must have entitled residency status, must occupy the property as their principal place of residence and must not have owned residential property anywhere else in the world.

The BVI Civil Procedure Rules Undergo Significant Amendment

The significance of the Amended CPR coming into force is that with effect from 31 July 2023

UK reforms on retained EU law move towards final phase

The Retained EU Law (Reform and Revocation) Bill passed through the report stage in the House of Lords on Wednesday

BVI Annual Return

The annual return takes the form of a simple unaudited balance sheet/statement of financial position and an income statement.

Island Development Plan review

The IDP is valid for 10 years

Cayman AEOI: What Investment Managers Need to Know about FATCA and CRS Reporting

The Maples Group has deep experience in providing up-to-the-minute legal advice and financial services solutions that support compliance with regulatory requirements under AEOI.

Employment law issues in Channel Islands insolvencies

The risks are not abstract – procedural mistakes in the management of redundancy exercises can lead to liabilities not just for the company but also for the insolvency officeholders on a personal basis.

CIMA Updates and Extends the Scope of Its Corporate Governance Guidance

As a leading global fund domicile, the Cayman Islands continues to enhance its regulatory regime

Pacific Alliance Fintech Associations Launch Proposal on Open Finance Standards

The purpose is to make essential information on Open Finance available to regulatory bodies to establish a common standard in the countries and to develop a competitive, secure, innovative, homogeneous, and inclusive Fintech ecosystem.

Vietnam needs US$135bn power generation investment in next decade

For coal-fired power plants, Vietnam will continue to implement only those projects which are already in the revised Power Master Plan VII and under construction until 2030.

French SCPIs Investing in Irish Property

SCPIs, as non-Irish entities, may wish to consider whether their Irish tax treatment compares less favourably to a comparable Irish fund.

Saudi Arabia modernises arbitration rules

The court will be comprised of 15 Saudi and international expert legal practitioners, retired judges, former leaders of arbitral institutions and academics.

Allen & Overy Joins the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping

Global warming is a climate emergency, and all sectors, including the maritime industry, must take immediate collective action

UK Supreme Court clarifies law on ‘continuing nuisance’

A continuing nuisance is a legal concept that may apply where an activity giving rise to a cause of action repeats on a regular basis.

Government Regulation