Managers of Wealth - Legal http://legal.managersofwealth.com/ Sun, 15 Sep 2024 18:36:06 BST part of MediaG8way Group http://legal.managersofwealth.com/ http://legal.managersofwealth.com/assets/images/logo.png Managers of Wealth - Legal KohanaPHP Private Wealth in Japan News Team Monday, August 19, 2024 1:00 am http://legal.managersofwealth.com/article/77639/private-wealth-in-japan These individuals and persons who inherit from them face significant tax burdens due to Japan's high income, gift and inheritance tax rates Wealth, Trusts and Family Office Family offices in the digital age: impactful investment in innovation News Team Thursday, August 15, 2024 1:00 am http://legal.managersofwealth.com/article/77609/family-offices-in-the-digital-age-impactful-investment-in-innovation The rise of virtual family offices, enhanced cybersecurity, RegTech, and AI-powered portfolio management, are testament to this shift. Wealth, Trusts and Family Office Macfarlanes advises UBP on the acquisition of Societe Generale’s international private banking operations in the UK News Team Tuesday, August 13, 2024 1:00 am http://legal.managersofwealth.com/article/77573/macfarlanes-advises-ubp-on-the-acquisition-of-societe-generaleamprsquos-international-private-banking-operations-in-the-uk This transaction is entered into at the same time as UBP’s entry into an exclusive agreement to acquire the Societe Generale’s Swiss private banking activities Wealth, Trusts and Family Office Private Wealth Investors Deliver a Fundraising Boost News Team Tuesday, August 13, 2024 1:00 am http://legal.managersofwealth.com/article/77577/private-wealth-investors-deliver-a-fundraising-boost In a challenging fundraising environment, private wealth investors are filling the gap, aided by investment platforms, intermediaries, and evolving legal structures. Wealth, Trusts and Family Office Managing family dynamics and supporting key stakeholders in a changing world News Team Thursday, August 08, 2024 1:00 am http://legal.managersofwealth.com/article/77522/managing-family-dynamics-and-supporting-key-stakeholders-in-a-changing-world Family dynamics can become complicated in the blink of an eye. Wealth, Trusts and Family Office Using Jersey Sharia-compliant and conventional structuring models News Team Wednesday, August 07, 2024 1:00 am http://legal.managersofwealth.com/article/77504/using-jersey-sharia-compliant-and-conventional-structuring-models The Jersey Private Fund regime provides a number of benefits to family offices. Wealth, Trusts and Family Office Proskauer Named Top Law Firm in Chambers 2024 High Net Worth Rankings News Team Thursday, August 01, 2024 1:00 am http://legal.managersofwealth.com/article/77446/proskauer-named-top-law-firm-in-chambers-2024-high-net-worth-rankings Chambers also recognized five other lawyers from the Private Client Services group as leaders in their fields. Wealth, Trusts and Family Office Top takeaways from the Mourant Jersey Trusts and Private Wealth Forum 2024 News Team Monday, July 29, 2024 1:00 am http://legal.managersofwealth.com/article/77390/top-takeaways-from-the-mourant-jersey-trusts-and-private-wealth-forum-2024 Diminished capacity is viewed by professionals as both a potential risk to the validity of a trust and a means of attack. Wealth, Trusts and Family Office Walkers partners recognised in Chambers High Net Worth Guide 2024 as top trusts lawyers in Jersey News Team Monday, July 29, 2024 1:00 am http://legal.managersofwealth.com/article/77391/walkers-partners-recognised-in-chambers-high-net-worth-guide-2024-as-top-trusts-lawyers-in-jersey This is a significant achievement and recognition for the Walkers Jersey Private Capital & Trusts team. Wealth, Trusts and Family Office Chambers HNW 2024 Recognizes Womble Partners in Private Wealth, Art & Cultural Property Law News Team Friday, July 26, 2024 1:00 am http://legal.managersofwealth.com/article/77382/chambers-hnw-2024-recognizes-womble-partners-in-private-wealth-art-ampamp-cultural-property-law Published by Chambers & Partners, HNW covers private wealth management work and related specialisms in jurisdictions worldwide, featuring editorial about the leading professional advisers to wealthy individuals and families in each market. Wealth, Trusts and Family Office Ogier's Environmental Impact Policy News Team Friday, September 13, 2024 1:00 am http://legal.managersofwealth.com/article/77929/ogieramp039s-environmental-impact-policy The Policy continues to reflect Ogier's approach to improving our environmental performance beyond our legal obligations and will continue to be updated as we develop our approach to environmental sustainability. Government Regulation European and US business visitors to face new UK travel requirements News Team Friday, September 13, 2024 1:00 am http://legal.managersofwealth.com/article/77941/european-and-us-business-visitors-to-face-new-uk-travel-requirements Employers should also note that not all travellers will be eligible to use ETA. Government Regulation Partner Floriane Lavaud co-authors US chapter of IBA Arbitration Country Guide News Aggregation Team Thursday, September 12, 2024 1:00 am http://legal.managersofwealth.com/article/77916/partner-floriane-lavaud-co-authors-us-chapter-of-iba-arbitration-country-guide The guide is intended as a high-level practical overview for practitioners and others seeking an introduction to arbitration in particular jurisdictions. Government Regulation Travers Smith secures ISO 14001 Certification News Team Thursday, September 12, 2024 1:00 am http://legal.managersofwealth.com/article/77917/travers-smith-secures-iso-14001-certification The auditor noted that the firm's environmental management system had no non-conformities, and that the firm had a procedure in place for every element of its system. Government Regulation ASIC puts Australian businesses on notice about ‘greenwashing’ risk News Team Thursday, September 12, 2024 1:00 am http://legal.managersofwealth.com/article/77918/asic-puts-australian-businesses-on-notice-about-amplsquogreenwashingamprsquo-risk To avoid the risk of engaging in greenwashing practices, businesses should always use clear labels and definitions of sustainability-related terms and clearly explain the extent to which sustainability has been factored into their investment strategies. Government Regulation ‘No fault’ evictions to be abolished in England in renters’ rights reform News Team Thursday, September 12, 2024 1:00 am http://legal.managersofwealth.com/article/77919/amplsquono-faultamprsquo-evictions-to-be-abolished-in-england-in-rentersamprsquo-rights-reform Legislation is only one piece of the jigsaw and it is how all of these different strands come together Government Regulation Qatar law aims to boost private sector employment for nationals News Team Thursday, September 12, 2024 1:00 am http://legal.managersofwealth.com/article/77923/qatar-law-aims-to-boost-private-sector-employment-for-nationals Doha-based employment law expert Sarah Khasawneh was commenting as the Ministry of Labour published Law No. (12) of 2024, on job localisation in the private sector. Government Regulation Bermuda's shareholder oppression remedy News Team Wednesday, September 11, 2024 1:00 am http://legal.managersofwealth.com/article/77896/bermudaamp039s-shareholder-oppression-remedy Bermuda law provides aggrieved shareholders with several options for seeking relief from the courts in response to corporate governance issues. Government Regulation Legal advice rights written into UK Russian sanctions law News Aggregation Team Wednesday, September 11, 2024 1:00 am http://legal.managersofwealth.com/article/77901/legal-advice-rights-written-into-uk-russian-sanctions-law Other clarifications made in the new regulations include to the definition of legal advisory services Government Regulation EU policy businesses can expect to see this autumn News Team Wednesday, September 11, 2024 1:00 am http://legal.managersofwealth.com/article/77902/eu-policy-businesses-can-expect-to-see-this-autumn The Council of Ministers provided an insight into how this process might work in June Government Regulation Bermuda Corporate Income Tax: Considerations for Captive Insurers News Team Thursday, September 12, 2024 1:00 am http://legal.managersofwealth.com/article/77915/bermuda-corporate-income-tax-considerations-for-captive-insurers A Bermuda captive insurer that falls "in scope" will need to assess its tax liability under the CITA Tax Navigating in the New Tax Amendments in Singapore: Implication for the Asset Management Industry News Team Tuesday, September 10, 2024 1:00 am http://legal.managersofwealth.com/article/77887/navigating-in-the-new-tax-amendments-in-singapore-implication-for-the-asset-management-industry These new changes result from MOF’s periodic review of the ITA to better align Singapore’s policy objectives and to improve tax administration. Tax New Luxembourg Tax Reforms Aim to Boost International Business and Investment Appeal News Team Friday, September 06, 2024 1:00 am http://legal.managersofwealth.com/article/77852/new-luxembourg-tax-reforms-aim-to-boost-international-business-and-investment-appeal This update summarises specific proposed changes and what they could mean for overseas investors. Tax UK ruling clarifies ‘fixed establishment’ in VAT group cases News Team Friday, September 06, 2024 1:00 am http://legal.managersofwealth.com/article/77860/uk-ruling-clarifies-amplsquofixed-establishmentamprsquo-in-vat-group-cases The recent decision by the First Tier Tribunal (FTT) means that merely having a branch or office in the UK is not enough for a foreign entity to benefit from the UK’s VAT grouping scheme. Tax Changes to UK Inheritance Tax: What can you do now? News Team Thursday, September 05, 2024 1:00 am http://legal.managersofwealth.com/article/77846/changes-to-uk-inheritance-tax-what-can-you-do-now his is a significant increase from the current three-year tax 'tail'. Tax Luxembourg announces new tax measures to boost competitiveness News Team Wednesday, September 04, 2024 1:00 am http://legal.managersofwealth.com/article/77823/luxembourg-announces-new-tax-measures-to-boost-competitiveness Luxembourg companies with taxable income exceeding €200,000 will benefit from a reduction in corporate income tax from 17 per cent to 16 per cent. Tax A practical guide to tax in commercial property transactions in Jersey News Team Monday, September 02, 2024 1:00 am http://legal.managersofwealth.com/article/77784/a-practical-guide-to-tax-in-commercial-property-transactions-in-jersey The rates of stamp duty payable on commercial and residential property vary slightly. Tax Introduction to stamp duty News Team Thursday, August 29, 2024 1:00 am http://legal.managersofwealth.com/article/77749/introduction-to-stamp-duty The UK system that transfers shares electronically is called CREST. Tax UK tax treatment of REITs News Team Thursday, August 29, 2024 1:00 am http://legal.managersofwealth.com/article/77750/uk-tax-treatment-of-reits To qualify for REIT status a company must fulfil a number of conditions Tax BCLP’s UK Tax Team recognized in ITR ‘World Tax’ rankings 2025 News Team Thursday, August 29, 2024 1:00 am http://legal.managersofwealth.com/article/77754/bclpamprsquos-uk-tax-team-recognized-in-itr-amplsquoworld-taxamprsquo-rankings-2025 International Tax Review (ITR) is a global news and analysis service that provides leading business intelligence on all things corporate tax. Tax Mental health and estate planning News Team Friday, September 13, 2024 1:00 am http://legal.managersofwealth.com/article/77928/mental-health-and-estate-planning As the ageing population grows, there comes the inherent risk that more individuals could lose their mental capacity. Comment, Analysis & Research Legal Business offshore report: On sure footing – offshore leaders see reasons for optimism News Team Wednesday, September 11, 2024 1:00 am http://legal.managersofwealth.com/article/77906/legal-business-offshore-report-on-sure-footing-ampndash-offshore-leaders-see-reasons-for-optimism However, with a new Labour government and the anticipation of their policies, we’ve seen renewed interest in the high-end property markets in both Guernsey and Jersey. Comment, Analysis & Research Pricing Algorithms and Antitrust Enforcement: More Scrutiny? News Team Tuesday, September 10, 2024 1:00 am http://legal.managersofwealth.com/article/77893/pricing-algorithms-and-antitrust-enforcement-more-scrutiny Ms. Boyden discusses the fine line between procompetitive benefits and anticompetitive harms that these algorithms navigate Comment, Analysis & Research Conyers Singapore Director Anna Lin Recognised as Fellow of INSOL International News Team Monday, September 09, 2024 1:00 am http://legal.managersofwealth.com/article/77866/conyers-singapore-director-anna-lin-recognised-as-fellow-of-insol-international The GIPC is INSOL International’s pre-eminent advanced educational qualification focusing on international insolvency Comment, Analysis & Research 47 Norton Rose Fulbright lawyers named 2025 Lawdragon 500 Leading Litigators in America News Team Monday, September 09, 2024 1:00 am http://legal.managersofwealth.com/article/77869/47-norton-rose-fulbright-lawyers-named-2025-lawdragon-500-leading-litigators-in-america This guide recognizes lawyers who have demonstrated outstanding skills in their established litigation practices Comment, Analysis & Research HM Land Registry performance statistics July 2024 News Team Thursday, September 05, 2024 1:00 am http://legal.managersofwealth.com/article/77831/hm-land-registry-performance-statistics-july-2024 Statistics out of context are not necessarily the easiest to interpret, but what is clear is that HM Land Registry remains very busy. Comment, Analysis & Research Guernsey: the choice for venture capital funds News Team Wednesday, September 04, 2024 1:00 am http://legal.managersofwealth.com/article/77816/guernsey-the-choice-for-venture-capital-funds The investments and investors in the regulated Guernsey funds are subsequently tipped into the corresponding onshore products at the relevant time and the Guernsey vehicles are dissolved. Comment, Analysis & Research Michael Rueda featured in CNN's article "Podcast Stars Are Inking Massive Nine-Figure Deals. Here's Why Companies Are Writing the Big Checks" News Team Wednesday, September 04, 2024 1:00 am http://legal.managersofwealth.com/article/77820/michael-rueda-featured-in-cnnamp039s-article-ampquotpodcast-stars-are-inking-massive-nine-figure-deals-hereamp039s-why-companies-are-writing-the-big-checksampquot US Head of Sports & Entertainment group, Michael Rueda discusses the trend with CNN and shares his insights on the strategic business side of inking these deals. Comment, Analysis & Research Mayer Brown named to National Law Journal's 2023 "Appellate Hot List" News Team Wednesday, September 04, 2024 1:00 am http://legal.managersofwealth.com/article/77822/mayer-brown-named-to-national-law-journalamp039s-2023-ampquotappellate-hot-listampquot Mayer Brown is widely regarded as having the nation’s preeminent Supreme Court practice, which is led by partners Nicole Saharsky and Andy Pincus. Comment, Analysis & Research Listing Japanese Companies Using Cayman Holding Companies News Team Tuesday, September 03, 2024 1:00 am http://legal.managersofwealth.com/article/77798/listing-japanese-companies-using-cayman-holding-companies Investors, underwriters, regulators, analysts and service providers are all very familiar with Cayman Islands companies. Comment, Analysis & Research Maples Group to Title Sponsor the IRC European Championship 2024 News Team Wednesday, August 14, 2024 1:00 am http://legal.managersofwealth.com/article/77598/maples-group-to-title-sponsor-the-irc-european-championship-2024 The IRC European Championship, which alternates between the North and South of Europe (the Channel and the Mediterranean Sea), is a flagship event of the Royal Ocean Racing Club. Charity & Philanthropy Appleby Bermuda Makes 25th Holiday Donation to Star Charity News Team Wednesday, December 20, 2023 12:00 am http://legal.managersofwealth.com/article/75029/appleby-bermuda-makes-25th-holiday-donation-to-star-charity Appleby has been supporting STAR charity during the holidays since 1998, supporting six families with food hampers, fruit baskets and gifts, with gift certificates this year for 30 family members. Charity & Philanthropy Withers' charity and philanthropy team wins recognition in major legal directories News Team Friday, November 03, 2023 12:00 am http://legal.managersofwealth.com/article/74485/withersamp039-charity-and-philanthropy-team-wins-recognition-in-major-legal-directories The Withers’ charities and philanthropy team has been recognised as a top tier practice by leading directories Legal 500 and Chambers and Partners for 2023/2024. Charity & Philanthropy 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 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 Jersey funds law series - professional investor regulated scheme exemption for service providers News Team Friday, October 27, 2023 1:00 am http://legal.managersofwealth.com/article/74417/jersey-funds-law-series-professional-investor-regulated-scheme-exemption-for-service-providers The administration and management of Jersey investment structures can be complex and requires service providers to be aware of the regulatory requirements and exemptions that they may face when providing relevant services in respect of such structures. 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 Sole Offshore Law Firm Among Leading IPO Advisers in Q1 2024 News Team Friday, August 16, 2024 1:00 am http://legal.managersofwealth.com/article/77617/sole-offshore-law-firm-among-leading-ipo-advisers-in-q1-2024 The private equity community is expected to be a key driver of activity, both in the second half of 2024 and into 2025. Offshore and IFC 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 Five aspiring lawyers begin training programme with Carey Olsen Guernsey News Team Friday, September 13, 2024 1:00 am http://legal.managersofwealth.com/article/77927/five-aspiring-lawyers-begin-training-programme-with-carey-olsen-guernsey Trainees will receive one-to-one mentoring from an experienced lawyer within each department as they rotate, in addition to attending regular training seminars on current legal work within these practice areas. People Moves Harneys partner hire bolsters London Banking & Finance practice News Team Friday, September 13, 2024 1:00 am http://legal.managersofwealth.com/article/77930/harneys-partner-hire-bolsters-london-banking-ampamp-finance-practice His industry knowledge and international experience will strengthen the firm's Banking & Finance capabilities across jurisdictions and expand Harneys’ global reach. People Moves Christine Moundas Appointed to New York City Bar Association Presidential Task Force Subcommittee on AI in Healthcare News Team Friday, September 13, 2024 1:00 am http://legal.managersofwealth.com/article/77933/christine-moundas-appointed-to-new-york-city-bar-association-presidential-task-force-subcommittee-on-ai-in-healthcare The subcommittee is being established as part of New York City Bar Association’s launch of a Presidential Task Force on Artificial Intelligence and Digital Technologies. People Moves Baker McKenzie & KL Partners Joint Venture Law Firm Establishes Tax Practice with Addition of Elite Team News Team Friday, September 13, 2024 1:00 am http://legal.managersofwealth.com/article/77938/baker-mckenzie-ampamp-kl-partners-joint-venture-law-firm-establishes-tax-practice-with-addition-of-elite-team With more than 900 tax practitioners in over 40 countries, Baker McKenzie's Tax Practice is one of the largest and most highly regarded in the world. People Moves Baker McKenzie Continues to Strengthen Global M&A Practice with Addition of Dirk Horcher in Germany News Team Friday, September 13, 2024 1:00 am http://legal.managersofwealth.com/article/77939/baker-mckenzie-continues-to-strengthen-global-mampampa-practice-with-addition-of-dirk-horcher-in-germany Dirk further expands Baker McKenzie's global transactional platform, which, over the past 18 months People Moves Freshfields Adds Former Y Combinator General Counsel as Partner in Silicon Valley News Team Friday, September 13, 2024 1:00 am http://legal.managersofwealth.com/article/77943/freshfields-adds-former-y-combinator-general-counsel-as-partner-in-silicon-valley Nicole’s practice at Freshfields will focus on advising emerging companies People Moves Carey Olsen promotes corporate lawyer Emily Cornhill to partner in the Cayman Islands News Team Thursday, September 12, 2024 1:00 am http://legal.managersofwealth.com/article/77912/carey-olsen-promotes-corporate-lawyer-emily-cornhill-to-partner-in-the-cayman-islands Emily advises on a range of corporate and commercial matters, with a particular emphasis on investment funds. People Moves Ogier welcomes offshore corporate expert Hannah Diss to London team News Team Thursday, September 12, 2024 1:00 am http://legal.managersofwealth.com/article/77914/ogier-welcomes-offshore-corporate-expert-hannah-diss-to-london-team Before joining Ogier, Hannah worked in the corporate finance team of another leading offshore law firm and spent four years based in the Cayman Islands. People Moves Eunjee Kim, A Former Partner of BAE, KIM & LEE LLC, Joins Dentons Lee News Team Thursday, September 12, 2024 1:00 am http://legal.managersofwealth.com/article/77924/eunjee-kim-a-former-partner-of-bae-kim-ampamp-lee-llc-joins-dentons-lee Ms. Kim was admitted to the bars of South Korea and the United States (California) People Moves Dentons appoints Europe Head of Litigation and Dispute Resolution News Team Thursday, September 12, 2024 1:00 am http://legal.managersofwealth.com/article/77926/dentons-appoints-europe-head-of-litigation-and-dispute-resolution Roberto Lipari has 20 years’ experience in litigation and international arbitration People Moves Kirkland Advises Altas Partners on Strategic Partnership with Sedgwick News Team Friday, September 13, 2024 1:00 am http://legal.managersofwealth.com/article/77931/kirkland-advises-altas-partners-on-strategic-partnership-with-sedgwick The Kirkland team was led by corporate partners Keri Schick Norton, Michael Weisser, Aidan Murphy and Shawn OHargan. Legal Advice Sidley Represents Mastercard in Its US$2.65 Billion Acquisition of Recorded Future News Team Friday, September 13, 2024 1:00 am http://legal.managersofwealth.com/article/77932/sidley-represents-mastercard-in-its-us265-billion-acquisition-of-recorded-future The transaction is expected to close by Q1 2025, subject to regulatory review and customary closing conditions. Legal Advice Dentons advises Pliant on formation of strategic partnership with Vereinigte Volksbank Raiffeisenbank News Team Friday, September 13, 2024 1:00 am http://legal.managersofwealth.com/article/77935/dentons-advises-pliant-on-formation-of-strategic-partnership-with-vereinigte-volksbank-raiffeisenbank The new collaboration strengthens Pliant’s financial position, increasing its total capacity for providing credit lines to a total of €200 million. Legal Advice Focus on: the Security Interests (Jersey) Law 2012 News Team Friday, September 13, 2024 1:00 am http://legal.managersofwealth.com/article/77936/focus-on-the-security-interests-jersey-law-2012 The 2012 Law also deals with non-security assignments of “receivables” as defined, but these are outside the scope of this note. Legal Advice Dentons advises UK Government on establishment of National Energy System Operator Ltd News Team Friday, September 13, 2024 1:00 am http://legal.managersofwealth.com/article/77937/dentons-advises-uk-government-on-establishment-of-national-energy-system-operator-ltd The Dentons team was led by Energy Partner Christopher McGee-Osborne. Legal Advice The Republic of Indonesia turns to A&O Shearman for guidance on its SEC-registered dual-currency bond offering News Team Friday, September 13, 2024 1:00 am http://legal.managersofwealth.com/article/77940/the-republic-of-indonesia-turns-to-aampampo-shearman-for-guidance-on-its-sec-registered-dual-currency-bond-offering The Republic plans to use the net proceeds from the sale of the 2034 and 2054 Bonds for general government purposes. Legal Advice Financial Times names Freshfields as most innovative lawyers for deals and financing, regulatory solutions, and pro bono in Europe News Team Friday, September 13, 2024 1:00 am http://legal.managersofwealth.com/article/77942/financial-times-names-freshfields-as-most-innovative-lawyers-for-deals-and-financing-regulatory-solutions-and-pro-bono-in-europe Freshfields won in the category of deals and financing. Legal Advice Carey Olsen advises FitzWalter Capital on launch of ~US$1.4 billion fund News Team Thursday, September 12, 2024 1:00 am http://legal.managersofwealth.com/article/77913/carey-olsen-advises-fitzwalter-capital-on-launch-of-us14-billion-fund The firm provides capital and capability, supporting management teams Legal Advice Greenberg Traurig Continues Strategic Growth in Latin America with São Paulo Office Opening News Aggregation Team Thursday, September 12, 2024 1:00 am http://legal.managersofwealth.com/article/77922/greenberg-traurig-continues-strategic-growth-in-latin-america-with-sampatildeo-paulo-office-opening Greenberg Traurig’s Brazil Practice acts as foreign legal consultants under U.S. law and does not practice Brazilian law, per local regulation. Legal Advice Cinven to acquire a 50% interest in Policy Expert from the Abu Dhabi Investment Authority News Team Thursday, September 12, 2024 1:00 am http://legal.managersofwealth.com/article/77925/cinven-to-acquire-a-50-interest-in-policy-expert-from-the-abu-dhabi-investment-authority Cinven’ Strategic Financials Fund (SFF) were advised by the integrated team at A&O Shearman. Legal Advice A Look at the Cross-Border Payments Market News Team Thursday, August 22, 2024 1:00 am http://legal.managersofwealth.com/article/77691/a-look-at-the-cross-border-payments-market A cross-border payment occurs when the payer and payee are in two different countries and divided into two distinct categories. FinTech ‘Blueprint’ for trust in use of health data outlined News Team Friday, August 16, 2024 1:00 am http://legal.managersofwealth.com/article/77626/amplsquoblueprintamprsquo-for-trust-in-use-of-health-data-outlined Cerys Wyn Davies of Pinsent Masons said winning patient trust over data use has been a challenge organisations in the health and social care sectors have faced for years. FinTech Back to school – lessons for building owners using facial recognition technology News Team Thursday, August 15, 2024 1:00 am http://legal.managersofwealth.com/article/77608/back-to-school-ampndash-lessons-for-building-owners-using-facial-recognition-technology Typically, FRT involves using cameras to capture an individual's image and then facial recognition software to produce a biometric template from that image. FinTech Retention of corporate email metadata, news from the Italian Data Protection Authority News Team Tuesday, August 13, 2024 1:00 am http://legal.managersofwealth.com/article/77572/retention-of-corporate-email-metadata-news-from-the-italian-data-protection-authority The scope of the measure is of considerable impact for companies, since public and private employers will have to take the necessary measures to comply their personal data processing to prevent possible liability on both administrative and criminal level. FinTech AI trends to watch News Team Tuesday, August 06, 2024 1:00 am http://legal.managersofwealth.com/article/77501/ai-trends-to-watch The AI space is fast-moving. FinTech Demand for data centres offers UK real estate opportunity News Team Friday, August 02, 2024 1:00 am http://legal.managersofwealth.com/article/77458/demand-for-data-centres-offers-uk-real-estate-opportunity Access to power is a crucial driver in respect of the siting of any data centre FinTech Withers creates bespoke AI solution for Diligent News Team Thursday, August 01, 2024 1:00 am http://legal.managersofwealth.com/article/77444/withers-creates-bespoke-ai-solution-for-diligent We knew that an AI system could provide the analytical power that Diligent was seeking, and it could be developed and deployed fast enough to meet their timescales. FinTech Cyber reporting requirements for Bermuda insurers, insurance managers and insurance intermediaries following the CrowdStrike faulty software update News Team Monday, July 29, 2024 1:00 am http://legal.managersofwealth.com/article/77395/cyber-reporting-requirements-for-bermuda-insurers-insurance-managers-and-insurance-intermediaries-following-the-crowdstrike-faulty-software-update The initial report should provide a brief overview of the incident, including the nature and extent of the breach. FinTech AT&T data breach: what happened and what it means for you News Team Friday, July 19, 2024 1:00 am http://legal.managersofwealth.com/article/77298/atampampt-data-breach-what-happened-and-what-it-means-for-you As noted, AT&T has said that the content of text messages was not exposed, but it is important to note that even absent this breach, text messaging is generally not secure. FinTech Doron Goldstein contributes to Human Technology Foundation’s report “Unlocking Digital Identity News Team Thursday, July 18, 2024 1:00 am http://legal.managersofwealth.com/article/77279/doron-goldstein-contributes-to-human-technology-foundationamprsquos-report-ampldquounlocking-digital-identity The report aims to guide multiple stakeholders, including policymakers, technology providers, end-users, and society at large, toward realizing the full potential of Digital ID systems. FinTech EPC contractors must manage risk when supporting Qatar’s energy transition News Team Thursday, September 12, 2024 1:00 am http://legal.managersofwealth.com/article/77920/epc-contractors-must-manage-risk-when-supporting-qataramprsquos-energy-transition The various energy and clean tech projects that Qatar is investing in provide excellent opportunities for EPC contractors. Planet SOS Cottam Solar Project consent reinforces UK renewables drive News Team Friday, September 06, 2024 1:00 am http://legal.managersofwealth.com/article/77858/cottam-solar-project-consent-reinforces-uk-renewables-drive Solar and other renewable sources of energy are only going to become more important for the UK’s future and it is encouraging to see the government taking action Planet SOS Herbert Smith Freehills and Carbon13 partnership News Team Thursday, September 05, 2024 1:00 am http://legal.managersofwealth.com/article/77836/herbert-smith-freehills-and-carbon13-partnership Herbert Smith Freehills will join other industry players supporting Carbon13's initiatives Planet SOS Renewables ‘project economics’ receive UK auction boost News Team Wednesday, September 04, 2024 1:00 am http://legal.managersofwealth.com/article/77821/renewables-amplsquoproject-economicsamprsquo-receive-uk-auction-boost Businesses successful in the auction are invited to conclude CfDs with the government. Planet SOS South Korea’s new offshore wind roadmap to enhance renewable energy efforts News Team Friday, August 16, 2024 1:00 am http://legal.managersofwealth.com/article/77620/south-koreaamprsquos-new-offshore-wind-roadmap-to-enhance-renewable-energy-efforts The publication is part of the second phase of the South Korean government’s broader strategy to expand renewable energy Planet SOS Terna Energy Trading doo v Revolut Ltd: A further legal development in the context of push payment fraud News Team Tuesday, August 06, 2024 1:00 am http://legal.managersofwealth.com/article/77491/terna-energy-trading-doo-v-revolut-ltd-a-further-legal-development-in-the-context-of-push-payment-fraud Revolut sought reverse summary judgment/ strike out of the unjust enrichment claim on two grounds Planet SOS A&O Shearman helps pave the way towards a mandatory emissions trading scheme in Japan News Team Tuesday, July 30, 2024 1:00 am http://legal.managersofwealth.com/article/77417/aampampo-shearman-helps-pave-the-way-towards-a-mandatory-emissions-trading-scheme-in-japan The objective of the Japanese government is to turn what is currently a voluntary emissions trading scheme into a mandatory scheme in the coming years as part of the GX strategy, through passing a series of new legislations. Planet SOS What is impact, anyway? Growing demand for sustainability investment News Team Monday, July 29, 2024 1:00 am http://legal.managersofwealth.com/article/77396/what-is-impact-anyway-growing-demand-for-sustainability-investment Once private investors have made the decision to enter the impact space, they do find it rewarding despite the challenges. Planet SOS Decarbonisation research programme underscores Singapore’s net zero plans News Team Friday, July 26, 2024 1:00 am http://legal.managersofwealth.com/article/77374/decarbonisation-research-programme-underscores-singaporeamprsquos-net-zero-plans For Singapore, tackling its reliance on natural gas for its electricity generation will be critical to the country’s energy transition goals. Planet SOS ESG need not be a blocker to sound export finance News Team Thursday, July 25, 2024 1:00 am http://legal.managersofwealth.com/article/77356/esg-need-not-be-a-blocker-to-sound-export-finance The idea that finance should be a driver of positive social and environmental outcomes is not new. Planet SOS Australian court confirms dismissed claims cannot be re-adjudicated News Team Friday, September 13, 2024 1:00 am http://legal.managersofwealth.com/article/77934/australian-court-confirms-dismissed-claims-cannot-be-re-adjudicated Goyder applied for judicial review of an adjudication determination of the second payment claim. Court Cases Court clarifies ‘risk of dissipation’ in asset freezing order case News Team Thursday, September 12, 2024 1:00 am http://legal.managersofwealth.com/article/77921/court-clarifies-amplsquorisk-of-dissipationamprsquo-in-asset-freezing-order-case The case concerns an application to continue a worldwide freezing order post-judgment. Court Cases Record compensation in unfair dismissal claim against X (formerly Twitter) in Ireland News Team Wednesday, September 11, 2024 1:00 am http://legal.managersofwealth.com/article/77905/record-compensation-in-unfair-dismissal-claim-against-x-formerly-twitter-in-ireland The AO in his decision referenced various legal authorities to determine that a valid resignation is defined by the use of clear and unambiguous words Court Cases Mayer Brown Secures Victory for US Sugar in key Clean Air Act case News Team Monday, September 09, 2024 1:00 am http://legal.managersofwealth.com/article/77865/mayer-brown-secures-victory-for-us-sugar-in-key-clean-air-act-case The court's ruling found that the retroactive application of these new emissions limits violated the Clean Air Act. Court Cases 'Insolvency deepening' activity – Risk for Cayman Islands Directors News Team Tuesday, September 03, 2024 1:00 am http://legal.managersofwealth.com/article/77805/amp039insolvency-deepeningamp039-activity-ampndash-risk-for-cayman-islands-directors This is an important development of which all Cayman Islands directors should be aware. Court Cases The great asset debate: Navigating divorce in single vs dual income families in Singapore News Team Thursday, August 29, 2024 1:00 am http://legal.managersofwealth.com/article/77748/the-great-asset-debate-navigating-divorce-in-single-vs-dual-income-families-in-singapore The key question to be answered is what the parties' primary roles have been during the course of the marriage. Court Cases Cayman Court Approves Winding-Up Order for "Insolvency Proof" Sigma Finance Corporation After Complex 16-Year Administrative Receivership in the UK News Team Friday, August 23, 2024 1:00 am http://legal.managersofwealth.com/article/77702/cayman-court-approves-winding-up-order-for-ampquotinsolvency-proofampquot-sigma-finance-corporation-after-complex-16-year-administrative-receivership-in-the-uk The Company was a structured investment vehicle (SIV), incorporated in the Cayman Islands. Court Cases Recent Guernsey case sheds light on the role of a business holding assets subject to a 'Suspicious Activity Report' News Team Friday, August 23, 2024 1:00 am http://legal.managersofwealth.com/article/77710/recent-guernsey-case-sheds-light-on-the-role-of-a-business-holding-assets-subject-to-a-amp039suspicious-activity-reportamp039 The court ultimately found that on a balance of probabilities the monies held by the Defendant were not the proceeds of crime. Court Cases Enforcement of foreign arbitral awards by the Grand Court of the Cayman Islands News Team Thursday, August 22, 2024 1:00 am http://legal.managersofwealth.com/article/77684/enforcement-of-foreign-arbitral-awards-by-the-grand-court-of-the-cayman-islands The tribunal issued a provisional award in favour of the plaintiff Court Cases UPC: Ireland is outside the court’s jurisdiction News Team Tuesday, August 20, 2024 1:00 am http://legal.managersofwealth.com/article/77660/upc-ireland-is-outside-the-courtamprsquos-jurisdiction The UPC Court of Appeal agreed with SiBio’s argument. Court Cases