Managers of Wealth - Legal http://legal.managersofwealth.com/ Fri, 27 Jan 2023 15:22:25 GMT part of MediaG8way Group http://legal.managersofwealth.com/ http://legal.managersofwealth.com/assets/images/logo.png Managers of Wealth - Legal KohanaPHP Harneys wins Caribbean Law Firm of the Year - Citywealth IFC News Team Friday, January 27, 2023 12:00 am http://legal.managersofwealth.com/article/71292/harneys-wins-caribbean-law-firm-of-the-year-citywealth-ifc The winners are those judged to have excelled in achievement, innovation, expertise, and service. Wealth, Trusts and Family Office Carey Olsen sponsors global STEP Conference in Bermuda News Team Monday, November 07, 2022 12:00 am http://legal.managersofwealth.com/article/70380/carey-olsen-sponsors-global-step-conference-in-bermuda The event has returned after a two-year hiatus as a much-expanded international event with an impressive range of speakers and delegates. Wealth, Trusts and Family Office Global wealth set to contract over 2% in 2022 News Aggregation Team Monday, October 17, 2022 1:00 am http://legal.managersofwealth.com/article/70131/global-wealth-set-to-contract-over-2-in-2022 Average nominal growth of financial assets is expected to be at 4.6% until 2025, according to Allianz Wealth, Trusts and Family Office Chambers High Net Worth 2022 Recognizes Morgan Lewis for Private Client Work News Team Tuesday, September 20, 2022 1:00 am http://legal.managersofwealth.com/article/69804/chambers-high-net-worth-2022-recognizes-morgan-lewis-for-private-client-work The team also advises major universities, secondary schools, and cultural organizations on their planned-giving programs. Wealth, Trusts and Family Office Carey Olsen's Dean Robson named as a leading young adviser News Team Wednesday, September 07, 2022 1:00 am http://legal.managersofwealth.com/article/69662/carey-olsenamp039s-dean-robson-named-as-a-leading-young-adviser Having earlier in the year featured as part of the Channel Islands Top 35 Under 35, Dean is one of six individuals from offshore law firms to also be selected for the UK edition. Wealth, Trusts and Family Office Stephenson Harwood’s on the Evolving Expectations found in the Wealth Management Industry News Aggregation Team Friday, September 02, 2022 1:00 am http://legal.managersofwealth.com/article/69603/stephenson-harwoodamprsquos-on-the-evolving-expectations-found-in-the-wealth-management-industry Hubbis met with her recently to learn of her views on the evolving needs and expectations of her clients, which include HNW and UHNW individuals and families, trust companies, family offices, international banks and fiduciary service providers. Wealth, Trusts and Family Office Does a US revocable trust need to be registered under the UK's Trust Registration Service? News Team Wednesday, August 17, 2022 1:00 am http://legal.managersofwealth.com/article/69416/does-a-us-revocable-trust-need-to-be-registered-under-the-ukamp039s-trust-registration-service By far the most common scenario that will trigger a registration requirement is where the settlor of a US revocable trust is acting as the sole trustee during his lifetime and is (or becomes) UK resident. Wealth, Trusts and Family Office Hogan Lovells scales new heights to support nature’s recovery News Team Thursday, August 04, 2022 1:00 am http://legal.managersofwealth.com/article/69259/hogan-lovells-scales-new-heights-to-support-natureamprsquos-recovery All money fundraised will be matched by the firm to support the Trusts’ goal to secure nature’s recovery on land and sea. Wealth, Trusts and Family Office Cryptoassets – how will family offices react to the crypto winter? News Team Monday, August 01, 2022 1:00 am http://legal.managersofwealth.com/article/69202/cryptoassets-ampndash-how-will-family-offices-react-to-the-crypto-winter Some estimates suggest that the crash has wiped $2trn from the market, with several prominent crypto funds being forced to restrict customer withdrawals and some entering into liquidation. Wealth, Trusts and Family Office WBD's private wealth team top-ranked by Chambers High Net Worth guide News Team Wednesday, July 27, 2022 1:00 am http://legal.managersofwealth.com/article/69163/wbdamp039s-private-wealth-team-top-ranked-by-chambers-high-net-worth-guide WBD is recognised in London, Bristol, Yorkshire, the North East and Scotland. Wealth, Trusts and Family Office The Jersey property market: What's the outlook for 2023? News Team Friday, January 27, 2023 12:00 am http://legal.managersofwealth.com/article/71291/the-jersey-property-market-whatamp039s-the-outlook-for-2023 Interestingly, the purchase price of two-bedroom houses fell by £32,000 from that of the previous quarter, and the slightly higher bracket of four-bedroom houses remained on average unchanged at a mean sale price of £1,329,000. Government Regulation Rights of exclusive patent licensees clarified News Team Friday, January 27, 2023 12:00 am http://legal.managersofwealth.com/article/71295/rights-of-exclusive-patent-licensees-clarified The Court of Appeal considered the interpretation of the provisions of the Patents Act 1977 that specifically deal with the rights of exclusive licensees in the context of a dispute over pharmaceutical patents. Government Regulation United we stand News Team Thursday, January 26, 2023 12:00 am http://legal.managersofwealth.com/article/71277/united-we-stand It is important to understand that our laws are not the same as those in the UK and our courts are not generally required to follow their decisions. Government Regulation Regulatory reform will shape 2023 cyber risk landscape News Team Thursday, January 26, 2023 12:00 am http://legal.managersofwealth.com/article/71279/regulatory-reform-will-shape-2023-cyber-risk-landscape In 2023, organisations should continue to evaluate their readiness to deal with cyber issues. Consideration of cyber risk in the supply chain should form part of that. Government Regulation Limitation period applies to claims made in adjudication News Team Thursday, January 26, 2023 12:00 am http://legal.managersofwealth.com/article/71288/limitation-period-applies-to-claims-made-in-adjudication The limitation defence was raised by Cooper Construction Limited (Cooper) in adjudication enforcement proceedings before the High Court brought by LJR Interiors Limited (LJR). Government Regulation Virtual Assets Service Providers Act enacted in the BVI News Team Wednesday, January 25, 2023 12:00 am http://legal.managersofwealth.com/article/71259/virtual-assets-service-providers-act-enacted-in-the-bvi The registration requirements and continuing obligations are designed to ensure that service providers in the BVI operate in a prudent manner Government Regulation A global comparison of international arbitration rules on new claims News Team Wednesday, January 25, 2023 12:00 am http://legal.managersofwealth.com/article/71264/a-global-comparison-of-international-arbitration-rules-on-new-claims Several arbitration rules rely on the concept of the Terms of Reference (ToR) to set a procedural milestone after which submitting new claims is made difficult. Government Regulation Regulator of algorithms established in the Netherlands News Team Wednesday, January 25, 2023 12:00 am http://legal.managersofwealth.com/article/71270/regulator-of-algorithms-established-in-the-netherlands Amsterdam-based technology law expert Wouter Seinen described the choice of the AP as the new regulator as “remarkable”. Government Regulation US DOJ Announces Changes to Corporate Enforcement Policy News Team Tuesday, January 24, 2023 12:00 am http://legal.managersofwealth.com/article/71246/us-doj-announces-changes-to-corporate-enforcement-policy The policy, now to be called the Corporate Enforcement and Voluntary Self-Disclosure Policy, offers a presumption of a declination to companies who voluntarily self-disclose misconduct to the Criminal Division, fully cooperate and appropriately remediate, Government Regulation US Treasury Releases Final and Proposed Regulations on Qualified Foreign Pension Funds and Other Issues under FIRPTA News Team Tuesday, January 24, 2023 12:00 am http://legal.managersofwealth.com/article/71250/us-treasury-releases-final-and-proposed-regulations-on-qualified-foreign-pension-funds-and-other-issues-under-firpta This Legal Update provides a review of certain rules provided in the Final Regulations and the 2022 Proposed Regulations, including comparisons to the prior proposed regulations. Government Regulation IR35: taxation of off-payroll workers explained News Team Wednesday, January 25, 2023 12:00 am http://legal.managersofwealth.com/article/71273/ir35-taxation-of-off-payroll-workers-explained The new rules have created significant cost and compliance challenges for businesses that rely heavily on a flexible workforce. Tax Waqar Shah and Tabassum Khan for Taxation Magazine on the CJEU GE Aircraft Engine Services Ltd decision News Team Tuesday, January 17, 2023 12:00 am http://legal.managersofwealth.com/article/71163/waqar-shah-and-tabassum-khan-for-taxation-magazine-on-the-cjeu-ge-aircraft-engine-services-ltd-decision The ruling was a success for the Mishcon de Reya Tax Disputes team and is significant in setting out the CJEU's position on the VAT implications for the supply of vouchers from a taxable person to its staff. Tax VAT: changes in processing option to tax forms News Team Friday, January 13, 2023 12:00 am http://legal.managersofwealth.com/article/71140/vat-changes-in-processing-option-to-tax-forms From February 2023, HMRC will only issue an automated acknowledgement of receipt of a notification of an option to tax sent by email. Tax Tax analysis advised in Luxembourg after Budget law passed News Team Thursday, January 12, 2023 12:00 am http://legal.managersofwealth.com/article/71108/tax-analysis-advised-in-luxembourg-after-budget-law-passed The changes affect Luxembourg tax transparent entities operating in Luxembourg with foreign shareholders where those shareholders hold at least 50% of voting rights or capital in the Luxembourg entity or hold entitlements to at least 50% of its profits. Tax UK corporation tax group relief News Team Wednesday, January 11, 2023 12:00 am http://legal.managersofwealth.com/article/71091/uk-corporation-tax-group-relief It does not look at capital losses, which are subject to different rules. Tax Corporate Alternative Minimum Tax: US Treasury, IRS Release Interim Guidance News Aggregation Team Friday, January 06, 2023 12:00 am http://legal.managersofwealth.com/article/71042/corporate-alternative-minimum-tax-us-treasury-irs-release-interim-guidance Even though several important questions remain unanswered, the Notice provides welcome guidance on many critical issues as taxpayers evaluate the impact of the CAMT on their financial reporting and estimated tax payments for the first quarter of 2023. Tax New VAT penalty regimes News Team Tuesday, January 03, 2023 12:00 am http://legal.managersofwealth.com/article/70993/new-vat-penalty-regimes Under the new regime, if a person fails to make a VAT return on time, that person is liable to one late submission penalty point for the relevant group of returns. Tax Dentons Eric Silwamba, Jalasi & Linyama provide an article on Corporate Tax to International Comparative Legal Guide News Team Thursday, December 15, 2022 12:00 am http://legal.managersofwealth.com/article/70850/dentons-eric-silwamba-jalasi-ampamp-linyama-provide-an-article-on-corporate-tax-to-international-comparative-legal-guide Corporate Tax 2023 Publication Tax UK tax deductions not available on costs associated with disposal of a business News Team Thursday, December 15, 2022 12:00 am http://legal.managersofwealth.com/article/70856/uk-tax-deductions-not-available-on-costs-associated-with-disposal-of-a-business This decision upheld part of an earlier Upper Tribunal (UT) decision, which also concluded that the expenses were expenses of management, but overturned the UT’s conclusion that the expenses were not of a capital nature. Tax Important changes planned for Italy's real estate tax framework News Team Thursday, December 15, 2022 12:00 am http://legal.managersofwealth.com/article/70858/important-changes-planned-for-italyamp039s-real-estate-tax-framework Capital gains resulting from the disposal of companies or other entities, wherever they are located, which hold Italian property may become taxable in Italy. Tax Determination of the “Senior Management Function“ News Team Friday, January 27, 2023 12:00 am http://legal.managersofwealth.com/article/71296/determination-of-the-ampldquosenior-management-functionampldquo The publication of the Notice is significant in the context of the civil penalties regime, given how broad the label of “senior management” has the potential to be. Comment, Analysis & Research Ross McNaughton recognised in The Lawyer's 2023 Hot 100 News Team Thursday, January 26, 2023 12:00 am http://legal.managersofwealth.com/article/71280/ross-mcnaughton-recognised-in-the-lawyeramp039s-2023-hot-100 The Lawyer highlights that 'it will be McNaughton who will have been behind the scenes' encountering the innovations helping to combat climate change or helping to fight cancer better. Comment, Analysis & Research Bedell Cristin achieves key ranking for its Singapore office for the first time News Team Thursday, January 26, 2023 12:00 am http://legal.managersofwealth.com/article/71284/bedell-cristin-achieves-key-ranking-for-its-singapore-office-for-the-first-time Rankings reflect the results of analysis of law firm submissions and interviews undertaken by their team of experienced researchers. Comment, Analysis & Research Herbert Smith Freehills Partner Recognised as the Real Deal News Team Thursday, January 26, 2023 12:00 am http://legal.managersofwealth.com/article/71285/herbert-smith-freehills-partner-recognised-as-the-real-deal Rebecca is described as "the mastermind" behind the firm's global impact investment practice. Comment, Analysis & Research 31 Greenberg Traurig Attorneys Recognized in Illinois Super Lawyers’s 2023 Edition News Team Wednesday, January 25, 2023 12:00 am http://legal.managersofwealth.com/article/71260/31-greenberg-traurig-attorneys-recognized-in-illinois-super-lawyersamprsquos-2023-edition According to the Super Lawyers website, the selection process is multiphased and includes independent research Comment, Analysis & Research Dentons is one of Canada’s Top Employers for Young People for 2023 News Team Wednesday, January 25, 2023 12:00 am http://legal.managersofwealth.com/article/71261/dentons-is-one-of-canadaamprsquos-top-employers-for-young-people-for-2023 From recruitment and orientation, to professional development programs, our leadership team strongly believes in investing in our people to help them grow the skills they need to meet their potential. Comment, Analysis & Research Partner Tania Moyron recognized as a Leader of Influence by Los Angeles Business Journal News Team Wednesday, January 25, 2023 12:00 am http://legal.managersofwealth.com/article/71262/partner-tania-moyron-recognized-as-a-leader-of-influence-by-los-angeles-business-journal Moyron serves as chair of Dentons’ Restructuring, Insolvency and Bankruptcy (RIB) practice Comment, Analysis & Research Alison T. Holdway Selected By Women’s Bar Association For Leadership Initiative News Team Wednesday, January 25, 2023 12:00 am http://legal.managersofwealth.com/article/71272/alison-t-holdway-selected-by-womenamprsquos-bar-association-for-leadership-initiative The program provides leadership development and mentorship for women attorneys in Massachusetts who have been identified as rising stars in the legal field. Comment, Analysis & Research Conyers Announces Recipient of Annual Hong Kong Commercial Law Prize 2021-2022 News Team Tuesday, January 24, 2023 12:00 am http://legal.managersofwealth.com/article/71244/conyers-announces-recipient-of-annual-hong-kong-commercial-law-prize-2021-2022 Leslie recently completed his Master of Laws in Corporate and Financial Law at The University of Hong Kong. Comment, Analysis & Research Carey Olsen confirmed as the leading legal adviser to Jersey domiciled funds News Team Tuesday, January 24, 2023 12:00 am http://legal.managersofwealth.com/article/71245/carey-olsen-confirmed-as-the-leading-legal-adviser-to-jersey-domiciled-funds Carey Olsen has the largest team of dedicated funds lawyers in the Channel Islands and are instructed by both nascent investment managers and the largest alternative investment firms worldwide, many of whom have structures based in Jersey. Comment, Analysis & Research Carey Olsen partners with World Triathlon Bermuda and legal team compete to raise funds for Family Centre Bermuda News Team Tuesday, October 11, 2022 1:00 am http://legal.managersofwealth.com/article/70064/carey-olsen-partners-with-world-triathlon-bermuda-and-legal-team-compete-to-raise-funds-for-family-centre-bermuda Carey Olsen Bermuda is a supporter of many community-based sports and activities. Charity & Philanthropy Ethical investment - latest for charities on striking the right balance News Team Friday, May 13, 2022 1:00 am http://legal.managersofwealth.com/article/68241/ethical-investment-latest-for-charities-on-striking-the-right-balance How should charity trustees approach the thorny issue of avoiding investments that conflict with their charity’s purposes whilst at the same time trying to maximise financial returns? This was the dilemma at the heart of a recent High Court ruling Charity & Philanthropy Cayman Islands Foundation Companies for DAOs, Defi and NFTs News Team Thursday, April 07, 2022 1:00 am http://legal.managersofwealth.com/article/67795/cayman-islands-foundation-companies-for-daos-defi-and-nfts One of the most important considerations, as explained further below, is the Cayman Virtual Assets (Service Providers) Act (VASP Act) and how it might impact a project. Charity & Philanthropy Top tips for charity accounts preparation when applying for grants News Aggregation Team Thursday, November 11, 2021 12:00 am http://legal.managersofwealth.com/article/65756/top-tips-for-charity-accounts-preparation-when-applying-for-grants The purpose of the policy is to demonstrate to external stakeholders why a charity needs reserves and how what it has relates to what it needs. Charity & Philanthropy Bedell Cristin sponsors artwork installation at La Vallette Bathing Pools in collaboration with GCFE young designers News Team Friday, August 20, 2021 1:00 am http://legal.managersofwealth.com/article/64520/bedell-cristin-sponsors-artwork-installation-at-la-vallette-bathing-pools-in-collaboration-with-gcfe-young-designers There will be a focus on education, the history and heritage of the site, sustainability, the environment and social interaction. Charity & Philanthropy Philanthropy 2021: 'Doing Better at Doing Good' News Team Friday, August 13, 2021 1:00 am http://legal.managersofwealth.com/article/64398/philanthropy-2021-amp039doing-better-at-doing-goodamp039 Many philanthropic funders rose to the occasion and expanded their grants programmes to accommodate the uncertainty and increasing need. Charity & Philanthropy Bird & Bird becomes pro-bono partner of FEDORA to support sustainability, equality and digital transformation in performing arts News Team Friday, June 18, 2021 1:00 am http://legal.managersofwealth.com/article/63543/bird-ampamp-bird-becomes-pro-bono-partner-of-fedora-to-support-sustainability-equality-and-digital-transformation-in-performing-arts FEDORA is a non-profit organisation at the forefront of cultural and artistic creation and philanthropy, with 96 member organisations in 26 countries. Charity & Philanthropy Appleby Donates $25,000 to Bermuda Hospital Vaccination Clinic News Team Thursday, April 22, 2021 1:00 am http://legal.managersofwealth.com/article/62710/appleby-donates-25000-to-bermuda-hospital-vaccination-clinic The donation is to assist in the operating costs of the King Edward Memorial Hospital Covid-19 Vaccination Clinic. Charity & Philanthropy Reduce inheritance tax by leaving a gift to charity News Team Monday, March 08, 2021 12:00 am http://legal.managersofwealth.com/article/62122/reduce-inheritance-tax-by-leaving-a-gift-to-charity The reduced rate of 36% applies where the individual leaves at least 10% of their net estate, known as ‘the baseline amount’, to charity. Charity & Philanthropy Hogan Lovells invests in FinTech start-up Fygo News Team Monday, March 08, 2021 12:00 am http://legal.managersofwealth.com/article/62125/hogan-lovells-invests-in-fintech-start-up-fygo Recipients benefit from extensive industry knowledge from Hogan Lovells’ commercial insights, access to the firm's global network, legal and compliance training, industry events and use of the firm's FinTech tools, up to a maximum value of Charity & Philanthropy AML Round-up: Forthcoming amendments to the MLRs and HMT’s review of the UK’s AML/CFT regulatory and supervisory regimes News Team Tuesday, August 09, 2022 1:00 am http://legal.managersofwealth.com/article/69320/aml-round-up-forthcoming-amendments-to-the-mlrs-and-hmtamprsquos-review-of-the-ukamprsquos-amlcft-regulatory-and-supervisory-regimes The review’s findings have identified potential areas for reform and will be used to inform the second Economic Crime Plan, which is expected to be published later this year. Money Laundering and AML British Virgin Islands: Premier Andrew Fahie arrested in US drug sting News Team Friday, April 29, 2022 1:00 am http://legal.managersofwealth.com/article/68080/british-virgin-islands-premier-andrew-fahie-arrested-in-us-drug-sting Premier Andrew Fahie was detained in Miami by US agents posing as cocaine traffickers from a Mexican drug cartel. Money Laundering and AML The sports industry: Laundering more than dirty kit? News Team Friday, April 29, 2022 1:00 am http://legal.managersofwealth.com/article/68084/the-sports-industry-laundering-more-than-dirty-kit But unfortunately, the reality is that the sports industry can be an attractive target for criminal activity, including money laundering. Money Laundering and AML Gambling AML: Money Laundering Through Casinos News Aggregation Team Friday, April 29, 2022 1:00 am http://legal.managersofwealth.com/article/68087/gambling-aml-money-laundering-through-casinos One of the industries with the biggest risk of money laundering is casinos. Money Laundering and AML Signatures for Sale: How Nominee Services for Shell Companies Are Abused to Conceal Beneficial Owners News Team Friday, April 29, 2022 1:00 am http://legal.managersofwealth.com/article/68089/signatures-for-sale-how-nominee-services-for-shell-companies-are-abused-to-conceal-beneficial-owners The report draws evidence from a global mystery shopping exercise based on thousands of solicitations for shell companies, as well as marketing information from shell company providers, and journalistic and policy research on the topic. Money Laundering and AML Guernsey AML News Team Thursday, March 31, 2022 1:00 am http://legal.managersofwealth.com/article/67700/guernsey-aml Guernsey has a democratic assembly known as the States of Guernsey; Alderney and Sark have their own parliaments. Money Laundering and AML 10 measures to expose sanctioned Russian oligarchs’ hidden assets News Team Friday, March 04, 2022 12:00 am http://legal.managersofwealth.com/article/67290/10-measures-to-expose-sanctioned-russian-oligarchsamprsquo-hidden-assets The Tax Justice Network has in response published a briefing detailing 10 transparency measures Money Laundering and AML More change proposed to Jersey's AML regime: Are you Exempt? News Team Thursday, February 24, 2022 12:00 am http://legal.managersofwealth.com/article/67173/more-change-proposed-to-jerseyamp039s-aml-regime-are-you-exempt The rationale for the application of certain current scope exemptions, which mean certain businesses do not have to comply with the anti-money laundering framework, was also identified by the MONEYVAL Report as a cause for concern. Money Laundering and AML US Treasury's AML report weighs against increased regulations in art market for now News Team Thursday, February 17, 2022 12:00 am http://legal.managersofwealth.com/article/67074/us-treasuryamp039s-aml-report-weighs-against-increased-regulations-in-art-market-for-now Contrary to what many had expected, however, FinCEN concluded that there is limited evidence of money laundering and little risk of terror financing through the sale of high value art. Money Laundering and AML EU AML update: solutions for affected Cayman securitisation entities News Team Tuesday, February 08, 2022 12:00 am http://legal.managersofwealth.com/article/66946/eu-aml-update-solutions-for-affected-cayman-securitisation-entities Regulations prohibits the establishment of securitisation special purpose entities (SSPEs) in countries listed on the EU AML blacklist Money Laundering and AML Bermuda – 2022 Economic Substance Declaration Form Updates, Registrar of Companies Compliance Reviews and Prospective Compliance Planning News Team Friday, May 27, 2022 1:00 am http://legal.managersofwealth.com/article/68414/bermuda-ampndash-2022-economic-substance-declaration-form-updates-registrar-of-companies-compliance-reviews-and-prospective-compliance-planning The Registrar has issued two industry notices during the past month. Offshore and IFC Cayman Court extends the timing of factual evidence in section 238 proceedings until third party disclosure is completed News Team Friday, May 27, 2022 1:00 am http://legal.managersofwealth.com/article/68420/cayman-court-extends-the-timing-of-factual-evidence-in-section-238-proceedings-until-third-party-disclosure-is-completed Sina Corporation effected a take-private merger in the Cayman Islands. Offshore and IFC Cayman Update: Return of Mistaken Payments held on Constructive Trust News Team Friday, May 27, 2022 1:00 am http://legal.managersofwealth.com/article/68421/cayman-update-return-of-mistaken-payments-held-on-constructive-trust The Court accepted that no benefit could have accrued to a payor in respect of a Mistaken Payment and that the Company would have been fixed with this knowledge at the time of receipt. Offshore and IFC Privy Council permits enforcement of arbitral award under New York Convention despite alleged lack of due process News Team Friday, May 27, 2022 1:00 am http://legal.managersofwealth.com/article/68422/privy-council-permits-enforcement-of-arbitral-award-under-new-york-convention-despite-alleged-lack-of-due-process The Convention provides a set of international legal standards for the recognition and enforcement of arbitration awards Offshore and IFC Fun and Games Ahead? News Team Thursday, May 05, 2022 1:00 am http://legal.managersofwealth.com/article/68134/fun-and-games-ahead In addition to outlining the new provisions, this article will explore the scope for abuse of the new regime by unscrupulous debtors. Offshore and IFC Snapshot: confidentiality in Cayman Islands arbitration proceedings News Team Thursday, May 05, 2022 1:00 am http://legal.managersofwealth.com/article/68135/snapshot-confidentiality-in-cayman-islands-arbitration-proceedings There are a number of other exception categories which are less likely to be available in a commercial context Offshore and IFC In Your Court: Offshore Dispute Resolution Review News Team Thursday, March 31, 2022 1:00 am http://legal.managersofwealth.com/article/67697/in-your-court-offshore-dispute-resolution-review This variety is reflected in the range of content from our team in this edition Offshore and IFC Russia Sanctions: Reporting obligations in BVI, Cayman, and Anguilla News Team Wednesday, March 30, 2022 1:00 am http://legal.managersofwealth.com/article/67668/russia-sanctions-reporting-obligations-in-bvi-cayman-and-anguilla Bermuda was not included in the UKOTs to which the 2019 Russia-UK Regulations were extended. Offshore and IFC International law firm merges with Dublin-based Solicitors News Team Wednesday, March 30, 2022 1:00 am http://legal.managersofwealth.com/article/67676/international-law-firm-merges-with-dublin-based-solicitors Ireland combines a thriving domestic market and a significant and growing centre for financial services excellence which we believe is a great fit for our next home jurisdiction. Offshore and IFC Ogier named best offshore firm News Team Friday, March 25, 2022 12:00 am http://legal.managersofwealth.com/article/67613/ogier-named-best-offshore-firm This year, more than 20,000 votes were cast in total, and the winners were announced at gala event in London on Thursday 24 March. Offshore and IFC Tara Cooper Burnside Appointed King’s Counsel News Team Thursday, January 26, 2023 12:00 am http://legal.managersofwealth.com/article/71276/tara-cooper-burnside-appointed-kingamprsquos-counsel She is one of only four women to be included among the King’s Counsel appointments this year People Moves DLA Piper adds partner in the firm’s Environmental team News Team Thursday, January 26, 2023 12:00 am http://legal.managersofwealth.com/article/71281/dla-piper-adds-partner-in-the-firmamprsquos-environmental-team Drew has 30 years of experience in environmental law. People Moves Bedell Cristin appoints new Partner to its Guernsey office News Team Thursday, January 26, 2023 12:00 am http://legal.managersofwealth.com/article/71283/bedell-cristin-appoints-new-partner-to-its-guernsey-office A Guernsey Advocate, John trained at the London office of City-based international law firm, Simmons & Simmons, where he qualified into the Corporate Group in 2008. People Moves Boodle Hatfield launches new immigration practice with the arrival of Zoe Jacob News Team Wednesday, January 25, 2023 12:00 am http://legal.managersofwealth.com/article/71267/boodle-hatfield-launches-new-immigration-practice-with-the-arrival-of-zoe-jacob Zoe is an immigration expert with over a decade’s experience advising both individuals and institutions in all areas of UK immigration and nationality law. People Moves Bedell Cristin Associate Admitted to the Cayman Islands Bar News Team Wednesday, January 25, 2023 12:00 am http://legal.managersofwealth.com/article/71268/bedell-cristin-associate-admitted-to-the-cayman-islands-bar Sophie graduated from the University of Liverpool in 2007 People Moves Dentons expands Commercial Litigation practice with Audrey Kwak News Team Wednesday, January 25, 2023 12:00 am http://legal.managersofwealth.com/article/71269/dentons-expands-commercial-litigation-practice-with-audrey-kwak Before joining Dentons, Kwak was in private practice People Moves Allen & Overy adds restructuring expert to boost advisory offer for distressed investment funds News Team Wednesday, January 25, 2023 12:00 am http://legal.managersofwealth.com/article/71274/allen-ampamp-overy-adds-restructuring-expert-to-boost-advisory-offer-for-distressed-investment-funds Josef Parzinger has extensive experience in advising creditors, debtors, the management or shareholders in connection with cross-border corporate and financial restructurings. People Moves Conyers Announces New Head of Bermuda Corporate Practice News Team Tuesday, January 24, 2023 12:00 am http://legal.managersofwealth.com/article/71243/conyers-announces-new-head-of-bermuda-corporate-practice He takes over from Director Charles Collis, who will continue in his role as head of the Bermuda Insurance & Reinsurance Practice. People Moves Allen & Overy bolsters its U.S. Corporate M&A practice with Partner David Ingles News Team Tuesday, January 24, 2023 12:00 am http://legal.managersofwealth.com/article/71248/allen-ampamp-overy-bolsters-its-us-corporate-mampampa-practice-with-partner-david-ingles David brings nearly 30 years of experience providing counsel across transactional matters in a broad range of industry verticals, with particular expertise in the banking, financial services and financial technology sectors. People Moves Carey Olsen adds new partner to Trusts and Private Wealth practice in Jersey News Team Tuesday, January 24, 2023 12:00 am http://legal.managersofwealth.com/article/71252/carey-olsen-adds-new-partner-to-trusts-and-private-wealth-practice-in-jersey Carey Olsen has one of the largest offshore trusts and private wealth practices. People Moves Withers tech advises on £8m seed investment into Concretene News Team Friday, January 27, 2023 12:00 am http://legal.managersofwealth.com/article/71293/withers-tech-advises-on-amppound8m-seed-investment-into-concretene The seed financing was led by leading European venture capital fund, LocalGlobe. Legal Advice Maples Group Maintains Leading Positions in 2023 Asia Pacific Legal Directories News Team Friday, January 27, 2023 12:00 am http://legal.managersofwealth.com/article/71298/maples-group-maintains-leading-positions-in-2023-asia-pacific-legal-directories ‘The team is large and has consistent quality. Strength in depth over time makes onshore counsel’s and client’s lives easier.’ Legal Advice Duties of Directors of Guernsey Companies News Team Friday, January 27, 2023 12:00 am http://legal.managersofwealth.com/article/71299/duties-of-directors-of-guernsey-companies This client briefing provides a general overview of the duties of directors of Guernsey companies in these circumstances and is not comprehensive. Legal Advice Global Legal Insights: Fund Finance 2023 – Updates to sanctions and restructuring regimes in the Cayman Islands News Team Thursday, January 26, 2023 12:00 am http://legal.managersofwealth.com/article/71275/global-legal-insights-fund-finance-2023-ampndash-updates-to-sanctions-and-restructuring-regimes-in-the-cayman-islands The chapter provides an overview of the sanctioning process (including related penalties and exemptions), outlines the new restructuring regime and the proper procedure for a creditor to commence winding up of a Cayman Islands exempted limited partnership Legal Advice Bird & Bird represented Juuri Partners in its investment News Team Thursday, January 26, 2023 12:00 am http://legal.managersofwealth.com/article/71278/bird-ampamp-bird-represented-juuri-partners-in-its-investment Currently, Finland and Sweden in total have nearly 340 Subway-restaurants with over 3000 employees. Legal Advice Conyers Represents StoneBridge Acquisition Corporation News Team Thursday, January 26, 2023 12:00 am http://legal.managersofwealth.com/article/71282/conyers-represents-stonebridge-acquisition-corporation The business combination agreement, which has been approved by the Board of Managers of DigiAsia and by the Board of Directors of APAC, is expected to close during the second quarter of 2023 Legal Advice Herbert Smith Freehills Advises Learnd Limited News Team Thursday, January 26, 2023 12:00 am http://legal.managersofwealth.com/article/71286/herbert-smith-freehills-advises-learnd-limited The team advising learnd includes Dr Julius Brandt and associates Legal Advice Herbert Smith Freehills Advises ADP Group News Team Thursday, January 26, 2023 12:00 am http://legal.managersofwealth.com/article/71287/herbert-smith-freehills-advises-adp-group The Base Prospectus for the Programme received visa from the Autorité des marchés financiers (AMF) on 16 December 2022. Legal Advice Hogan Lovells secures important victory in French human trafficking case News Team Thursday, January 26, 2023 12:00 am http://legal.managersofwealth.com/article/71289/hogan-lovells-secures-important-victory-in-french-human-trafficking-case This is important to victims of trafficking who are often trafficked through multiple jurisdictions. Legal Advice London Partner Paul Davies Recognized in Real Deals’ Future 40: ESG Innovators News Team Thursday, January 26, 2023 12:00 am http://legal.managersofwealth.com/article/71290/london-partner-paul-davies-recognized-in-real-dealsamprsquo-future-40-esg-innovators The prestigious list highlights private-market participants and advisors at the forefront of ESG. Legal Advice National Centre for Cyber Security Guidance for Small Charities News Team Tuesday, January 24, 2023 12:00 am http://legal.managersofwealth.com/article/71257/national-centre-for-cyber-security-guidance-for-small-charities There are other resources available as well: an e-learning package on cyber security for small charities, that is free to use. FinTech Hong Kong to launch new licensing regime for virtual asset service providers News Team Friday, January 20, 2023 12:00 am http://legal.managersofwealth.com/article/71214/hong-kong-to-launch-new-licensing-regime-for-virtual-asset-service-providers The primary objectives of this licensing regime are to combat money laundering and terrorist financing FinTech Cybersecurity and data are key disputes concerns in 2023 says new survey from Baker McKenzie News Team Wednesday, January 11, 2023 12:00 am http://legal.managersofwealth.com/article/71100/cybersecurity-and-data-are-key-disputes-concerns-in-2023-says-new-survey-from-baker-mckenzie 45% of respondents see the economic cycle as posing the greatest threat to their organization in terms of increased exposure to disputes, whilst 38% saw stock market volatility as a key driver. FinTech 2023 Predictions: Technology sector outlook News Team Monday, January 09, 2023 12:00 am http://legal.managersofwealth.com/article/71066/2023-predictions-technology-sector-outlook Forbes predicts that the metaverse will add $5 trillion to the global economy by 2030, with 2023 the ‘defining’ year for its direction. FinTech What the UK’s six AI principles mean for financial services News Team Friday, January 06, 2023 12:00 am http://legal.managersofwealth.com/article/71040/what-the-ukamprsquos-six-ai-principles-mean-for-financial-services Undertaking an AI audit and assessing how AI use aligns with business objectives are just two of the measures that firms should consider to best prepare themselves for the new regulatory regime. FinTech International Fintech Review 2022/23: The UK Fintech Scene News Team Friday, January 06, 2023 12:00 am http://legal.managersofwealth.com/article/71043/international-fintech-review-202223-the-uk-fintech-scene Burges Salmon’s Fintech team author UK chapter of the International Fintech Review, covering the UK Fintech landscape and wider trends in the market FinTech Baker McKenzie Mexico Wins National Innovation and Privacy Award 2022 News Team Thursday, January 05, 2023 12:00 am http://legal.managersofwealth.com/article/71028/baker-mckenzie-mexico-wins-national-innovation-and-privacy-award-2022 The award will be presented to the Baker McKenzie Mexico team in a formal ceremony at the DPA offices on International Privacy Day, 24 January 2023. FinTech Innovation and technology opportunities increasing in Hong Kong News Team Tuesday, January 03, 2023 12:00 am http://legal.managersofwealth.com/article/70994/innovation-and-technology-opportunities-increasing-in-hong-kong This will encourage more companies to get involved in the sector and to grow innovation in biomedicine, green tech and sustainability. FinTech How will technology influence the future of work? News Team Tuesday, January 03, 2023 12:00 am http://legal.managersofwealth.com/article/70995/how-will-technology-influence-the-future-of-work Technology has been used in workplaces for many years and has been at the forefront of the move away from traditional employment models FinTech European Commission Proposes Reform on Liability Rules for Artificial Intelligence News Team Friday, December 23, 2022 12:00 am http://legal.managersofwealth.com/article/70951/european-commission-proposes-reform-on-liability-rules-for-artificial-intelligence The directives aim to assist claimants in proving the causation of damages and product defectiveness in complex AI systems, creating legal certainty for providers. FinTech UK ‘green’ claims probe should spur governance rethink, says expert News Team Friday, January 27, 2023 12:00 am http://legal.managersofwealth.com/article/71294/uk-amplsquogreenamprsquo-claims-probe-should-spur-governance-rethink-says-expert The CMA said the FMCG sector is worth more than £130 billion annually. Planet SOS Calls grow for UK net zero tax review following Skidmore report News Team Thursday, January 19, 2023 12:00 am http://legal.managersofwealth.com/article/71207/calls-grow-for-uk-net-zero-tax-review-following-skidmore-report Skidmore recommended that any such review of tax policy is completed by the end of this year. Planet SOS Net zero dubbed ‘growth opportunity of the 21st century’ in UK Skidmore review News Team Monday, January 16, 2023 12:00 am http://legal.managersofwealth.com/article/71152/net-zero-dubbed-amplsquogrowth-opportunity-of-the-21st-centuryamprsquo-in-uk-skidmore-review The wide-ranging report also acknowledged the role for nature-based solutions in delivering net zero Planet SOS The Energy Transition | UK government outlines reforms to Capacity Market News Team Monday, January 16, 2023 12:00 am http://legal.managersofwealth.com/article/71154/the-energy-transition-uk-government-outlines-reforms-to-capacity-market Welcome to our top picks of the latest energy regulatory and market developments in the UK's transition to net zero. Planet SOS Allen & Overy advises on the first systemic retail public offering in Italy of sustainability-linked bond by Eni News Team Friday, January 13, 2023 12:00 am http://legal.managersofwealth.com/article/71136/allen-ampamp-overy-advises-on-the-first-systemic-retail-public-offering-in-italy-of-sustainability-linked-bond-by-eni The Bond will have 5-year maturity starting from February 10, 2023 for a maximum aggregate amount of EUR1 billion. Planet SOS Herbert Smith Freehills Advices EDF Pulse Ventures On Its Investment In Bezero Carbon News Team Friday, January 13, 2023 12:00 am http://legal.managersofwealth.com/article/71139/herbert-smith-freehills-advices-edf-pulse-ventures-on-its-investment-in-bezero-carbon The company is the leader in low carbon and renewable technologies and it partners with start-ups, corporations and universities to develop and deliver competitive solutions that successfully result in sustainable growth and climate protection. Planet SOS More pace needed on transition, lest net zero become another missed target News Team Monday, January 09, 2023 12:00 am http://legal.managersofwealth.com/article/71065/more-pace-needed-on-transition-lest-net-zero-become-another-missed-target Given that the net zero journey is supposed to include 50GW of offshore wind by 2030, and we are currently standing at around 11GW, it’s a long way off. Planet SOS Businesses need more clarity on UK hydrogen priorities, say MPs News Team Tuesday, December 27, 2022 12:00 am http://legal.managersofwealth.com/article/70958/businesses-need-more-clarity-on-uk-hydrogen-priorities-say-mps It said hydrogen has “unique features as a means of energy storage, since as a clean-burning gas it can be transported through existing infrastructure and stored safely for long periods of time, if necessary”. Planet SOS Public consultation on UK green taxonomy needed ‘as soon as possible’ News Team Wednesday, December 21, 2022 12:00 am http://legal.managersofwealth.com/article/70919/public-consultation-on-uk-green-taxonomy-needed-amplsquoas-soon-as-possibleamprsquo Earlier this month, Jeremy Hunt set out more than 30 planned regulatory changes across the financial sector, dubbed the ‘Edinburgh reforms’. Planet SOS Global infrastructure survey seeks views on decarbonisation agenda News Team Monday, December 19, 2022 12:00 am http://legal.managersofwealth.com/article/70891/global-infrastructure-survey-seeks-views-on-decarbonisation-agenda Pinsent Masons will collate, anonymise and analyse the results from the survey and share them in a report and at a series of global infrastructure law review of the year events early next year. Planet SOS JLT wins Landmark Class action in Supreme Court of new South Wales News Team Tuesday, January 24, 2023 12:00 am http://legal.managersofwealth.com/article/71249/jlt-wins-landmark-class-action-in-supreme-court-of-new-south-wales The Court found that JLT did not provide the alleged broking services nor make the alleged recommendations, this being the central premise on which all claims were founded. Court Cases How Qatar’s Investment and Commerce Court works in practice News Team Tuesday, January 24, 2023 12:00 am http://legal.managersofwealth.com/article/71256/how-qataramprsquos-investment-and-commerce-court-works-in-practice One of the most significant changes introduced by the Law No. 21 of 2021 is Article 22. Court Cases Getty sues over use of images to train AI News Team Thursday, January 19, 2023 12:00 am http://legal.managersofwealth.com/article/71196/getty-sues-over-use-of-images-to-train-ai Licensing agreements often contain wider restrictions on use beyond those that relate to IP rights, so AI developers using data or works obtained from a third party need to be aware of those terms to avoid a breach of contract and/or IP infringement. Court Cases Linklaters obtained the annulment in favour of Air France of an infringement decision from the Swiss Competition Commission News Team Thursday, January 19, 2023 12:00 am http://legal.managersofwealth.com/article/71200/linklaters-obtained-the-annulment-in-favour-of-air-france-of-an-infringement-decision-from-the-swiss-competition-commission The decision concerned an alleged cartel among competitors in the air cargo carrier sector. Court Cases Double-Edged Sword: An Overview of the UK Privy Council's Landmark Judgment on the 'Insolvency' of Trusts News Team Thursday, January 19, 2023 12:00 am http://legal.managersofwealth.com/article/71202/double-edged-sword-an-overview-of-the-uk-privy-councilamp039s-landmark-judgment-on-the-amp039insolvencyamp039-of-trusts Collas Crill acted for the successful lead appellant in the case. Court Cases Danone case indicates: environmental lawsuits no longer limited to climate litigation News Team Wednesday, January 18, 2023 12:00 am http://legal.managersofwealth.com/article/71186/danone-case-indicates-environmental-lawsuits-no-longer-limited-to-climate-litigation In the early summer of 2022, the Higher Regional Court of Hamm, which is dealing with the case, visited Huarez to inspect the situation on site and have it assessed by court experts. Court Cases Bank beats ‘novel’ attempt to use Quincecare to benefit creditors of failed firm News Team Tuesday, January 17, 2023 12:00 am http://legal.managersofwealth.com/article/71162/bank-beats-amplsquonovelamprsquo-attempt-to-use-quincecare-to-benefit-creditors-of-failed-firm Hay added that such a requirement would impose “an even greater level of investigatory responsibility on banks” than has been suggested in the existing cases. Court Cases Latham Sinks Federal Antitrust Case Against International Aquatic Sports Federation News Team Friday, January 13, 2023 12:00 am http://legal.managersofwealth.com/article/71127/latham-sinks-federal-antitrust-case-against-international-aquatic-sports-federation Scores summary judgement victory in putative class action against World Aquatics, the international federation recognized as the governing body for Olympic and international aquatic sports. Court Cases Dentons Lee’s IP Trial Group wins in Supreme Court News Team Thursday, January 12, 2023 12:00 am http://legal.managersofwealth.com/article/71119/dentons-leeamprsquos-ip-trial-group-wins-in-supreme-court The core issue of the case concerned how to determine the difference in form related to a product’s function when evaluating aesthetic features of a design. Court Cases Singapore court overturns injured worker waiver claim News Team Wednesday, January 11, 2023 12:00 am http://legal.managersofwealth.com/article/71094/singapore-court-overturns-injured-worker-waiver-claim The court ruled that the waiver agreement had no contractual effect, although it also allocated 15% of the responsibility for the accident to Azmi. Court Cases