05/04/2022
A post-pandemic era: brewing time for an organisational culture crisis?
The FRC has noted that “global shocks and societal changes can also work as a prompt to reviewing or reprioritising culture”.
Government Regulation
05/03/2022
US FinCEN Warns Financial Institutions About Activities of Kleptocracies and Foreign Corruption
This Legal Update summarizes some of the key points that FinCEN highlighted to help financial institutions identify potential indicators of kleptocracies and corrupt foreign public officials.
05/03/2022
The new UAE Labour Law: what employers need to know
The law is designed to enhance employment rights
05/02/2022
The New Era of China's Belt and Road Initiative
Company law and regulations in these jurisdictions are also flexible and adaptable to the needs of clients from other jurisdictions.
05/02/2022
Herbert Smith Freehills Financial Regulation Daily Update
The PRA will publish a Policy Statement on the definition of a simpler-regime late 2022 or early 2023.
05/02/2022
Restructuring the Offshore Debt of Chinese Real Estate Developers
The winding up petition serves as a backstop to the restructuring
05/02/2022
SEC proposes expansive climate-related disclosure rules
Under the new rules, companies would be obligated to present sweeping and detailed climate-related disclosures in their annual reports and registration statements.
04/29/2022
Updated Global Financial Regulation, Transparency, and Compliance Index
The Index is a simple and understandable ranking of the extent to which individual countries adopt, comply with, and enforce a set of global standards.
04/29/2022
Guidance for employers: who is permitted to take leave for the bank holiday to commemorate the Queen's Platinum Jubilee?
There is no statutory requirement in Guernsey to give employees paid annual leave, enhanced rate of pay, or time off in lieu in respect of public and bank holidays.
04/29/2022
UK’s digital watchdogs take a closer look at algorithms as plans set out for year ahead
Every day, we access services that process data using a wide variety of automated systems.
04/29/2022
Sanctions licensing in the United Kingdom Overseas Territories
The only exception to the prohibition on the asset freeze and to allow a Territory person to deal with the frozen funds or economic recourses would be to apply to the competent authority of the United Kingdom Overseas Territories for a financial sanctions
04/29/2022
Registering security in the British Virgin Islands
Although there are no filing or registration requirements in the BVI which affect the validity of a charge, the Act provides a robust security registration system that enables a secured party to register a charge and secure its priority.
04/29/2022
Financial Regulation: Daily Update
The Competition and Markets Authority (CMA) has published its Annual Concurrency Report.
04/29/2022
Medley Management and Former Co-CEOs to Pay $10 Million Penalty for Misleading Investors and Clients
Settlement Structured to Expedite Payment to Bondholders Through Related Bankruptcy Proceeding
04/29/2022
Fund Liquidity – An Overview of Key Guidance Issued
In this update we provide an overview of this and other guidance and proposals issued on this topic as highlighted in the timelines on the right-hand side of these pages.
04/28/2022
Bank of England ramps up focus on operational resilience
This latest suite of proposals explores some of the same concepts from those papers in the specific context of outsourcing arrangements and FMIs’ engagement of other third parties.”
04/28/2022
Buying a property in Cote d'Azur? Watch out for the French Civil Code Posted on 6 April 2022
French law dictates that children are entitled to a share of any French property owned by the deceased, even if there is a surviving spouse.
04/28/2022
Abu Dhabi and Dubai launch cryptoasset regulatory initiatives
The company will provide access to cryptoassets through regulated funding, trading and custodial services in dirhams.
04/27/2022
The Global Risks Report 2022: Worlds Apart
It concludes with reflections on enhancing national and organizational resilience, informed by lessons from year two of the pandemic.
04/27/2022
Are you affected by the UK National Security and Investment Act?
Once completed, the checker will send you a brief report summarising the results and offer you a complimentary follow up call with Mishcon de Reya or Taylor Vinters to discuss any next steps required.