Managers of Wealth - Legal http://legal.managersofwealth.com/ Sat, 27 Jul 2024 04:35:43 BST part of MediaG8way Group http://legal.managersofwealth.com/ http://legal.managersofwealth.com/assets/images/logo.png Managers of Wealth - Legal KohanaPHP 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 Luxembourg - A family office destination and more News Team Thursday, July 25, 2024 1:00 am http://legal.managersofwealth.com/article/77357/luxembourg-a-family-office-destination-and-more The Single Family Office law offers a robust legal framework for single family offices Wealth, Trusts and Family Office Private client and trusts talent recognised in Chambers HNW Guide 2024 News Team Wednesday, July 24, 2024 1:00 am http://legal.managersofwealth.com/article/77341/private-client-and-trusts-talent-recognised-in-chambers-hnw-guide-2024 The Jersey and Guernsey teams maintained their band 2 and 3 rankings within the offshore trusts category. Wealth, Trusts and Family Office Harneys remains in top bands for Chambers HNW guide 2024 News Team Wednesday, July 24, 2024 1:00 am http://legal.managersofwealth.com/article/77342/harneys-remains-in-top-bands-for-chambers-hnw-guide-2024 Chambers High Net Worth ranks the leading and most dedicated lawyers and law firms for international private wealth management work. Wealth, Trusts and Family Office Mourant celebrates impressive rankings in the Chambers and Partners High Net Worth Guide 2024 News Team Monday, July 22, 2024 1:00 am http://legal.managersofwealth.com/article/77308/mourant-celebrates-impressive-rankings-in-the-chambers-and-partners-high-net-worth-guide-2024 Overall, seven Mourant lawyers from across the firm's Guernsey, Jersey, and London offices have also been recognised in the individual ranking tables. Wealth, Trusts and Family Office "Preeminent offshore law firm" Ogier maintains top tier ranking in Chambers High Net Worth Guide for Cayman, Guernsey and Jersey News Team Monday, July 22, 2024 1:00 am http://legal.managersofwealth.com/article/77309/ampquotpreeminent-offshore-law-firmampquot-ogier-maintains-top-tier-ranking-in-chambers-high-net-worth-guide-for-cayman-guernsey-and-jersey Ogier's private wealth team in Guernsey "is pragmatic, alert to risks and engaging enough to listen to clients in order to carve the most sensible path". Wealth, Trusts and Family Office Burges Salmon's private client and private wealth expertise recognised in leading UK guide News Team Monday, July 22, 2024 1:00 am http://legal.managersofwealth.com/article/77314/burges-salmonamp039s-private-client-and-private-wealth-expertise-recognised-in-leading-uk-guide The firm has once again been highly ranked in the Chambers High Net Worth guide Wealth, Trusts and Family Office Appleby recognition across six offices in Chambers High Net Worth 2024 News Team Friday, July 19, 2024 1:00 am http://legal.managersofwealth.com/article/77292/appleby-recognition-across-six-offices-in-chambers-high-net-worth-2024 It means the Group has secured rankings across six of its global locations – Bermuda, the British Virgin Islands, the Cayman Islands, Guernsey, the Isle of Man and Jersey. Wealth, Trusts and Family Office Carey Olsen leads offshore firms in Chambers High Net Worth 2024 News Team Friday, July 19, 2024 1:00 am http://legal.managersofwealth.com/article/77293/carey-olsen-leads-offshore-firms-in-chambers-high-net-worth-2024 Chambers and Partners is one of the world's leading reference and ranking bodies for the legal sector Wealth, Trusts and Family Office Chambers High Net Worth guide recognizes Withers as a leading firm globally News Team Friday, July 19, 2024 1:00 am http://legal.managersofwealth.com/article/77294/chambers-high-net-worth-guide-recognizes-withers-as-a-leading-firm-globally Withers is one of the premier full-service firms for private wealth and has a strong tax litigation practice Wealth, Trusts and Family Office Recognition and Enforcement of Foreign Judgments in Guernsey News Team Friday, July 26, 2024 1:00 am http://legal.managersofwealth.com/article/77383/recognition-and-enforcement-of-foreign-judgments-in-guernsey In Guernsey a foreign judgment may be enforced by one of two methods Government Regulation Qatar's Social Insurance Law: recent decisions and its impact News Team Friday, July 26, 2024 1:00 am http://legal.managersofwealth.com/article/77381/qataramp039s-social-insurance-law-recent-decisions-and-its-impact These decisions, issued by the Council of Ministers and aligned with Qatar Law No. 1/2022 Government Regulation UK Consumer Protection: Compliance guidance on pricing, urgency and green claims News Team Friday, July 26, 2024 1:00 am http://legal.managersofwealth.com/article/77385/uk-consumer-protection-compliance-guidance-on-pricing-urgency-and-green-claims Businesses should keep an eye on these developments as they provide a helpful steer on what the CMA will consider compliant under the new consumer regime. Government Regulation New UAE telemarketing rules to ensure businesses operate with transparency and integrity News Team Friday, July 26, 2024 1:00 am http://legal.managersofwealth.com/article/77388/new-uae-telemarketing-rules-to-ensure-businesses-operate-with-transparency-and-integrity New UAE Cabinet Resolution No. (56) of 2024 Concerning the Telemarketing Regulations will come into effect on 27 August. Government Regulation A tale of two investment strategies: comparing the US and the UK VC environments News Team Thursday, July 25, 2024 1:00 am http://legal.managersofwealth.com/article/77349/a-tale-of-two-investment-strategies-comparing-the-us-and-the-uk-vc-environments US investors also appear more aggressive in their negotiations Government Regulation Security code requires supplier contract updates by UK mobile network operators News Team Thursday, July 25, 2024 1:00 am http://legal.managersofwealth.com/article/77353/security-code-requires-supplier-contract-updates-by-uk-mobile-network-operators Providers face a raft of security obligations under this legal framework Government Regulation Guernsey corporate and finance update Q2 2024 News Team Thursday, July 25, 2024 1:00 am http://legal.managersofwealth.com/article/77361/guernsey-corporate-and-finance-update-q2-2024 The investment fund world has been and continues to navigate considerable headwinds, the causes of which are wide ranging and much discussed. Government Regulation Pensions disputes: Ombudsman will not interfere with reasonable business policies News Team Thursday, July 25, 2024 1:00 am http://legal.managersofwealth.com/article/77364/pensions-disputes-ombudsman-will-not-interfere-with-reasonable-business-policies The individual also complained to the trustee that communication from the scheme’s administrator had been poor. Government Regulation French law mandating parent controls on device apps takes effect News Team Thursday, July 25, 2024 1:00 am http://legal.managersofwealth.com/article/77365/french-law-mandating-parent-controls-on-device-apps-takes-effect Paris-based technology law expert Annabelle Richard of Pinsent Masons said the initiative is part of a wider drive by policymakers across Europe to enhance protections for children online. Government Regulation Hong Kong audit regulator says it expects full compliance with laws and regulations News Team Thursday, July 25, 2024 1:00 am http://legal.managersofwealth.com/article/77367/hong-kong-audit-regulator-says-it-expects-full-compliance-with-laws-and-regulations The interim provisions, which came into force on 1 July 2015, prevent foreign auditors from auditing mainland Chinese companies Government Regulation Managing HMRC IR35 enquiries: tips for UK businesses News Team Wednesday, July 24, 2024 1:00 am http://legal.managersofwealth.com/article/77347/managing-hmrc-ir35-enquiries-tips-for-uk-businesses There is no uniform approach to how enquiries commence Tax UK private equity industry faces uncertainty over taxation of carried interest News Team Tuesday, July 23, 2024 1:00 am http://legal.managersofwealth.com/article/77326/uk-private-equity-industry-faces-uncertainty-over-taxation-of-carried-interest Carried interest payments are due when a fund reaches a certain level of profitability and an agreed-upon amount of profit has been distributed to investors. Tax Contractual terms will be crucial to claiming UK tax relief on contracted-out R&D News Team Thursday, July 18, 2024 1:00 am http://legal.managersofwealth.com/article/77287/contractual-terms-will-be-crucial-to-claiming-uk-tax-relief-on-contracted-out-rampampd The terms of the contract in which the R&D is contracted out by a business and undertaken by another party will be important to that business claiming tax relief for the costs of the contracted out R&D. Tax VAT policy to spur UK private schools M&A deal activity News Team Monday, July 08, 2024 1:00 am http://legal.managersofwealth.com/article/77162/vat-policy-to-spur-uk-private-schools-mampampa-deal-activity A new tax risk has also come into focus. Tax Keir Starmer victory – How will UK taxation change under the new Labour Government? News Team Friday, July 05, 2024 1:00 am http://legal.managersofwealth.com/article/77145/keir-starmer-victory-ampndash-how-will-uk-taxation-change-under-the-new-labour-government A final target of Labour's tax plans are private equity managers who receive carried interest. Tax What the ‘FASTER’ tax reforms could mean for EU investors News Team Wednesday, July 03, 2024 1:00 am http://legal.managersofwealth.com/article/77111/what-the-amplsquofasteramprsquo-tax-reforms-could-mean-for-eu-investors Not all member states will be required to implement this measure. Tax ‘Fixed establishment’ concept clarified in EU VAT ruling News Team Tuesday, July 02, 2024 1:00 am http://legal.managersofwealth.com/article/77096/amplsquofixed-establishmentamprsquo-concept-clarified-in-eu-vat-ruling It is for the Romanian regional court to apply the CJEU’s case law to the circumstances in the Adient case to determine the outcome of that dispute. Tax When the tax tribunal can intervene to fix your mistakes News Team Tuesday, July 02, 2024 1:00 am http://legal.managersofwealth.com/article/77097/when-the-tax-tribunal-can-intervene-to-fix-your-mistakes Rectification is usually pursued through an application to the High Court Tax UK General Election: Voting in UK elections as a non-UK tax resident News Team Monday, June 24, 2024 1:00 am http://legal.managersofwealth.com/article/76989/uk-general-election-voting-in-uk-elections-as-a-non-uk-tax-resident To vote in a General Election while resident outside the UK, an individual must be aged 18 Tax The Labour manifesto – key tax policies explained News Team Friday, June 14, 2024 1:00 am http://legal.managersofwealth.com/article/76910/the-labour-manifesto-ampndash-key-tax-policies-explained The manifesto is silent in relation to capital gains tax and we consider that there is scope for the rate of capital gains tax to be increased, but this not mentioned in the manifesto. Tax Debevoise Announces San Francisco Office Expansion Due to Steep Growth Trajectory News Team Friday, July 26, 2024 1:00 am http://legal.managersofwealth.com/article/77376/debevoise-announces-san-francisco-office-expansion-due-to-steep-growth-trajectory Our expansion in San Francisco is a reflection of the stellar team we’ve built Comment, Analysis & Research Greenberg Traurig London Team Recognized as Lawdragon 500 Leading Global Litigators News Team Friday, July 26, 2024 1:00 am http://legal.managersofwealth.com/article/77377/greenberg-traurig-london-team-recognized-as-lawdragon-500-leading-global-litigators Litigators recognized in this guide are “lawyers whose vision and reach is worldwide” Comment, Analysis & Research Gowling WLG named one of the UK's Best Workplaces for Women in 2024 News Team Friday, July 26, 2024 1:00 am http://legal.managersofwealth.com/article/77379/gowling-wlg-named-one-of-the-ukamp039s-best-workplaces-for-women-in-2024 Our Thrive network focusses on creating an environment where women across the firm have access to the resources, mentorship and opportunities they need to advance their careers. Comment, Analysis & Research Mayer Brown Partner Selected as a 2025 Leadership Greater Chicago Signature Fellow News Team Friday, July 26, 2024 1:00 am http://legal.managersofwealth.com/article/77380/mayer-brown-partner-selected-as-a-2025-leadership-greater-chicago-signature-fellow During the program, LGC participants are immersed in major socioeconomic issues facing the community Comment, Analysis & Research Maples Group's Asia Practice Named Offshore Law Firm of the Year and Wins Three Sector Awards News Team Thursday, July 25, 2024 1:00 am http://legal.managersofwealth.com/article/77362/maples-groupamp039s-asia-practice-named-offshore-law-firm-of-the-year-and-wins-three-sector-awards Over the past six months, the firm's Asia practice has received a number of prestigious accolades Comment, Analysis & Research Greenberg Traurig Receives 2024 JPMorganChase Joan Guggenheimer Global Law Firm Diversity Award News Team Thursday, July 25, 2024 1:00 am http://legal.managersofwealth.com/article/77371/greenberg-traurig-receives-2024-jpmorganchase-joan-guggenheimer-global-law-firm-diversity-award Greenberg Traurig collaborates with JPMC and their ASSET Network Program Comment, Analysis & Research China Business Law Journal Recognizes Morgan Lewis With 2024 Awards News Team Thursday, July 25, 2024 1:00 am http://legal.managersofwealth.com/article/77373/china-business-law-journal-recognizes-morgan-lewis-with-2024-awards Law firms are selected following several months of extensive research Comment, Analysis & Research Four Jones Day lawyers in Paris named among best by Forbes and La Lettre des Juristes d’Affairs (LJA) News Team Wednesday, July 24, 2024 1:00 am http://legal.managersofwealth.com/article/77340/four-jones-day-lawyers-in-paris-named-among-best-by-forbes-and-la-lettre-des-juristes-damprsquoaffairs-lja In addition, counsel Alexandre Heydel has been listed among the Top 10 "Rising Stars." Comment, Analysis & Research Asian Legal Business Names Morgan Lewis's Widya Rianita Among 2024 Singapore Rising Stars News Team Tuesday, July 23, 2024 1:00 am http://legal.managersofwealth.com/article/77327/asian-legal-business-names-morgan-lewisamp039s-widya-rianita-among-2024-singapore-rising-stars The annual list features lawyers under the age of 40 recognized for doing high-quality work in Singapore Comment, Analysis & Research Withers KhattarWong celebrates 50 years of excellence and innovation News Team Tuesday, July 23, 2024 1:00 am http://legal.managersofwealth.com/article/77328/withers-khattarwong-celebrates-50-years-of-excellence-and-innovation Withers KhattarWong has long been dedicated to providing exceptional legal services Comment, Analysis & Research 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 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 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 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 A&O Shearman expands its Debt Finance practice with strategic hire of leading leveraged finance lawyer News Team Thursday, July 25, 2024 1:00 am http://legal.managersofwealth.com/article/77354/aampampo-shearman-expands-its-debt-finance-practice-with-strategic-hire-of-leading-leveraged-finance-lawyer Fil has over 18 years of experience in the legal and banking sectors, combining a very robust technical background with commercial acumen and industry awareness. People Moves Herbert Smith Freehills appoints Managing Partner, China News Team Thursday, July 25, 2024 1:00 am http://legal.managersofwealth.com/article/77363/herbert-smith-freehills-appoints-managing-partner-china A native of Hong Kong and a commercial litigation partner since 2020, Jojo will work closely with Nanda Lau, head of Beijing and Shanghai. People Moves Dentons elects new Global CEO News Team Thursday, July 25, 2024 1:00 am http://legal.managersofwealth.com/article/77366/dentons-elects-new-global-ceo Kate Barton succeeds Elliott Portnoy, the founding Global CEO who has served since 2013 People Moves Experienced Financial Restructuring and Special Situations Partner Joins Paul, Weiss in London News Team Thursday, July 25, 2024 1:00 am http://legal.managersofwealth.com/article/77372/experienced-financial-restructuring-and-special-situations-partner-joins-paul-weiss-in-london Liz advises companies and creditors on stressed and distressed investments, including special situations financings and complex restructurings. People Moves Paul Hastings Welcomes General Counsel News Team Wednesday, July 24, 2024 1:00 am http://legal.managersofwealth.com/article/77345/paul-hastings-welcomes-general-counsel Maloney succeeds Mark Pollack People Moves Former Chief Deputy AG for D.C. Jason Downs joins Hogan Lovells News Team Tuesday, July 23, 2024 1:00 am http://legal.managersofwealth.com/article/77330/former-chief-deputy-ag-for-dc-jason-downs-joins-hogan-lovells His practice focuses on representing clients in State AG investigations, serving as external general counsel for Fortune 500 companies People Moves Withers boosts Asia real estate team with new partner Chau Hwei Lee, promotes Akinari Nakano News Team Tuesday, July 23, 2024 1:00 am http://legal.managersofwealth.com/article/77334/withers-boosts-asia-real-estate-team-with-new-partner-chau-hwei-lee-promotes-akinari-nakano Chau Hwei joins the firm from Shook Lin & Bok, alongside associate Cheryl Lee. People Moves Dean Bao joins Jones Day in Sydney as of counsel in Financial Markets Practice News Team Tuesday, July 23, 2024 1:00 am http://legal.managersofwealth.com/article/77339/dean-bao-joins-jones-day-in-sydney-as-of-counsel-in-financial-markets-practice Mr. Bao's move to Jones Day follows the arrival of Alastair Gourlay in Sydney. People Moves Dentons welcomes partner Jill Nicholson to bankruptcy practice in Chicago News Team Monday, July 22, 2024 1:00 am http://legal.managersofwealth.com/article/77318/dentons-welcomes-partner-jill-nicholson-to-bankruptcy-practice-in-chicago Her clients range from secured lenders and corporate boards to governmental agencies and Fortune 500 companies. People Moves Bird & Bird grows its Finance practice in Italy with the arrival of two new partners News Team Monday, July 22, 2024 1:00 am http://legal.managersofwealth.com/article/77322/bird-ampamp-bird-grows-its-finance-practice-in-italy-with-the-arrival-of-two-new-partners The arrival of Federico and Corrado is a key part of the firm’s strategic ambitions to expand both its Italian and international Finance & Financial Regulation practice. People Moves Freshfields Guides JD Sports to the Closing of Its Acquisition of Hibbett News Team Friday, July 26, 2024 1:00 am http://legal.managersofwealth.com/article/77378/freshfields-guides-jd-sports-to-the-closing-of-its-acquisition-of-hibbett Leading international law firm Herbert Smith Freehills has appointed partner Aaron White as head of tech, media and telecoms (TMT) in Asia from 1 August 2024. Legal Advice Clifford Chance reports record global revenue and profit growth News Team Friday, July 26, 2024 1:00 am http://legal.managersofwealth.com/article/77384/clifford-chance-reports-record-global-revenue-and-profit-growth Continued investment drives surge in US revenue growth Legal Advice White & Case advises Hyundai Capital Bank Europe on €700 million auto loan securitisation News Team Friday, July 26, 2024 1:00 am http://legal.managersofwealth.com/article/77386/white-ampamp-case-advises-hyundai-capital-bank-europe-on-ampeuro700-million-auto-loan-securitisation The bearer bonds have a total nominal value of €700 million and are secured by auto loan receivables originated by Hyundai Capital Bank Europe. Legal Advice Maples Group Advises Chenqi Technology's HK$1.3 Billion Hong Kong IPO News Team Friday, July 26, 2024 1:00 am http://legal.managersofwealth.com/article/77387/maples-group-advises-chenqi-technologyamp039s-hk13-billion-hong-kong-ipo The offering, which closed on 10 July 2024, raised a gross proceed of approximately HK$1.3 billion. Legal Advice Hogan Lovells advises Metro Bank PLC on sale of £2.5bn Residential Mortgage Portfolio to NatWest Group PLC News Team Friday, July 26, 2024 1:00 am http://legal.managersofwealth.com/article/77389/hogan-lovells-advises-metro-bank-plc-on-sale-of-amppound25bn-residential-mortgage-portfolio-to-natwest-group-plc The sale of the Portfolio is in line with Metro Bank's strategy to reposition its balance sheet and enhance risk-adjusted returns on capital. Legal Advice Bird & Bird advises World of Women on its transaction to join the Tezos ecosystem News Team Thursday, July 25, 2024 1:00 am http://legal.managersofwealth.com/article/77344/bird-ampamp-bird-advises-world-of-women-on-its-transaction-to-join-the-tezos-ecosystem The Bird & Bird team was led by Corporate partner Adam Meisels and Corporate senior associate Will Holder Legal Advice Vietnam’s new direct electricity trading decree will boost renewables investment News Team Thursday, July 25, 2024 1:00 am http://legal.managersofwealth.com/article/77348/vietnamamprsquos-new-direct-electricity-trading-decree-will-boost-renewables-investment Renewable energy sources considered eligible for the sale and purchase of electricity via private transmission lines include solar Legal Advice Irish data protection commission highlights GDPR risks in developing and using AI News Team Thursday, July 25, 2024 1:00 am http://legal.managersofwealth.com/article/77350/irish-data-protection-commission-highlights-gdpr-risks-in-developing-and-using-ai The guidance provides a high level, easy to follow summary of AI tools in the market and outlines the risks and considerations in using AI for individuals, organisations and product designers, developers and providers. Legal Advice Cybersecurity is “major threat” for financial services firms, according to new Mayer Brown study News Team Thursday, July 25, 2024 1:00 am http://legal.managersofwealth.com/article/77352/cybersecurity-is-ampldquomajor-threatamprdquo-for-financial-services-firms-according-to-new-mayer-brown-study The Next Organization, a global survey of 197 leaders from the financial services sector, identifies cybersecurity as a key factor in building an organization fit for the future. Legal Advice Dechert Advises 21Shares on Launch of Inaugural Ethereum ETP News Team Thursday, July 25, 2024 1:00 am http://legal.managersofwealth.com/article/77355/dechert-advises-21shares-on-launch-of-inaugural-ethereum-etp CETH allows investors the ability to gain exposure to Ether through their existing bank or brokerage rather than by holding Ether directly. Legal Advice 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 Tech Imprints: How the UAE is approaching data protection News Team Thursday, July 18, 2024 1:00 am http://legal.managersofwealth.com/article/77283/tech-imprints-how-the-uae-is-approaching-data-protection They discuss the significant changes introduced by the new federal data protection law, its impact on organizations managing personal data, and the future of data protection in the region. FinTech Dentons partners with Intanify to offer innovative AI-powered IP risk analysis service News Team Tuesday, July 16, 2024 1:00 am http://legal.managersofwealth.com/article/77256/dentons-partners-with-intanify-to-offer-innovative-ai-powered-ip-risk-analysis-service The platform now supports accelerated IP audit and due diligence processes for companies and IP professionals. FinTech Hogan Lovells launches Digital Transformation Academy News Team Wednesday, July 03, 2024 1:00 am http://legal.managersofwealth.com/article/77114/hogan-lovells-launches-digital-transformation-academy There is still much work to be done, and this is where the Hogan Lovells Digital Transformation Academy comes in. FinTech Irish businesses must act now to navigate the impact of AI and the EU AI Act News Team Tuesday, July 02, 2024 1:00 am http://legal.managersofwealth.com/article/77098/irish-businesses-must-act-now-to-navigate-the-impact-of-ai-and-the-eu-ai-act This also presents a good opportunity to review current business operations and practices against other existing legislation, such as data privacy and cyber security. FinTech Snapchat case a blueprint for regulator engagement on AI News Team Monday, July 01, 2024 1:00 am http://legal.managersofwealth.com/article/77073/snapchat-case-a-blueprint-for-regulator-engagement-on-ai Snap launched the ‘My AI’ feature for UK users of Snapchat in 2023. FinTech Risks of AI-enabled academic misconduct flagged in new study News Team Monday, July 01, 2024 1:00 am http://legal.managersofwealth.com/article/77074/risks-of-ai-enabled-academic-misconduct-flagged-in-new-study The study, described by the institution as “the largest and most robust blind study of its kind, to date” FinTech Harneys wins Law Firm of the Year – Fund Domicile at Hedgeweek Global Digital Assets Awards News Team Friday, June 28, 2024 1:00 am http://legal.managersofwealth.com/article/77059/harneys-wins-law-firm-of-the-year-ampndash-fund-domicile-at-hedgeweek-global-digital-assets-awards For over ten years, Hedgeweek has been identifying and celebrating exceptional performance in fund management and service provision. FinTech Australian AI assurance framework for public sector an important benchmark for private sector News Team Thursday, June 27, 2024 1:00 am http://legal.managersofwealth.com/article/77034/australian-ai-assurance-framework-for-public-sector-an-important-benchmark-for-private-sector Australia’s state and territory governments are expected to develop their own frameworks that will address their specific considerations while still being consistent with the national framework. FinTech 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 Baker McKenzie Publishes Annual Sustainability Report 2024 News Team Thursday, July 25, 2024 1:00 am http://legal.managersofwealth.com/article/77369/baker-mckenzie-publishes-annual-sustainability-report-2024 Baker McKenzie is a longstanding active participant of the UN Global Compact Planet SOS DLA Piper's renewable finance expert Rachel Brown named top dealmaker News Team Tuesday, July 23, 2024 1:00 am http://legal.managersofwealth.com/article/77338/dla-piperamp039s-renewable-finance-expert-rachel-brown-named-top-dealmaker Rachel is known for her ability to provide commercial and pragmatic advice on complex transactions. Planet SOS A legal look at EU plans to end ECT investment protection for Russia and Belarus News Team Wednesday, July 17, 2024 1:00 am http://legal.managersofwealth.com/article/77272/a-legal-look-at-eu-plans-to-end-ect-investment-protection-for-russia-and-belarus It also provides investors with a right to seek damages through international arbitration where host government actions violate the minimum standards set out in the treaty. Planet SOS Climate litigation remains a major risk for UK businesses, says Grantham report News Team Tuesday, July 16, 2024 1:00 am http://legal.managersofwealth.com/article/77258/climate-litigation-remains-a-major-risk-for-uk-businesses-says-grantham-report Businesses should take note of the report’s particularly striking finding that a high proportion – over 70% - of greenwashing claims are successful. Planet SOS Consent granted for three major solar farm projects in England News Team Monday, July 15, 2024 1:00 am http://legal.managersofwealth.com/article/77233/consent-granted-for-three-major-solar-farm-projects-in-england All three projects qualify as ‘nationally significant infrastructure projects’ (NSIPs) as it is envisaged that each solar farm will generate more than 50MW of power once constructed. Planet SOS Major UK solar park development moves closer after appeal ruling News Team Thursday, July 11, 2024 1:00 am http://legal.managersofwealth.com/article/77203/major-uk-solar-park-development-moves-closer-after-appeal-ruling The developer plans to build a battery energy storage system (BESS) on the same site as the solar park. Planet SOS Herbert Smith Freehills advises on key Abu Dhabi waste-to-energy project News Team Thursday, July 04, 2024 1:00 am http://legal.managersofwealth.com/article/77119/herbert-smith-freehills-advises-on-key-abu-dhabi-waste-to-energy-project The deal successfully reached financial close on 28 June 2024. Planet SOS Making the most of our natural capital to reach net zero News Team Wednesday, July 03, 2024 1:00 am http://legal.managersofwealth.com/article/77103/making-the-most-of-our-natural-capital-to-reach-net-zero Sustainability is arguably at or near the top of the agenda for individuals and organisations now more than ever as net zero targets get closer. Planet SOS The proposed reform of the English Arbitration Act on arbitrators’ independence and impartiality and the duty of disclosure from a comparative perspective News Team Thursday, July 25, 2024 1:00 am http://legal.managersofwealth.com/article/77343/the-proposed-reform-of-the-english-arbitration-act-on-arbitratorsamprsquo-independence-and-impartiality-and-the-duty-of-disclosure-from-a-comparative-perspective Against this backdrop, the international arbitration community has increasingly focused on the development of guidelines and updated rules pertaining to arbitrators’ impartiality and independence. Court Cases South African superior court ruling gives guidance on consent needed for creditor meetings News Team Wednesday, July 17, 2024 1:00 am http://legal.managersofwealth.com/article/77263/south-african-superior-court-ruling-gives-guidance-on-consent-needed-for-creditor-meetings The Jonkers refused to attend the enquiry on the basis that the resolutions taken at the first meeting were invalid Court Cases Permanent patent injunction issued in UPC first News Team Tuesday, July 16, 2024 1:00 am http://legal.managersofwealth.com/article/77257/permanent-patent-injunction-issued-in-upc-first In its ruling, in considering whether Kaldewei’s amended patent claims passed the novelty test, the Dusseldorf court assessed the amended claims against the European Patent Office’s Court Cases Privy Council Resolves Question of Interplay between Liquidation Proceedings and Arbitration Agreements News Team Monday, July 15, 2024 1:00 am http://legal.managersofwealth.com/article/77231/privy-council-resolves-question-of-interplay-between-liquidation-proceedings-and-arbitration-agreements In respect of insolvency, it is in the public interest to have a straightforward means to place a company into liquidation when the company is unable to pay its debts as they fall due. Court Cases Judgment on wrongful trading and trading misfeasance claims against BHS directors News Team Thursday, July 11, 2024 1:00 am http://legal.managersofwealth.com/article/77196/judgment-on-wrongful-trading-and-trading-misfeasance-claims-against-bhs-directors This is especially relevant in offshore jurisdictions such as Guernsey where English insolvency legislation is often replicated in local legislation. Court Cases Hong Kong Court of Appeal tightens stamp duty relief exemption for intra-group transfers News Team Thursday, July 11, 2024 1:00 am http://legal.managersofwealth.com/article/77204/hong-kong-court-of-appeal-tightens-stamp-duty-relief-exemption-for-intra-group-transfers This case examined the application of the intra-group stamp duty relief pursuant to section 45 Court Cases Businesses urged to review AI policies as Ireland prepares to implement EU AI Act News Team Monday, July 01, 2024 1:00 am http://legal.managersofwealth.com/article/77063/businesses-urged-to-review-ai-policies-as-ireland-prepares-to-implement-eu-ai-act Irish businesses should review their existing policies and create an inventory of any AI systems they are using or deploying in preparation for the incoming EU AI Act. Court Cases Hamburg Court of Appeals on genuine use of a trade mark for medicinal products News Team Monday, June 24, 2024 1:00 am http://legal.managersofwealth.com/article/76994/hamburg-court-of-appeals-on-genuine-use-of-a-trade-mark-for-medicinal-products The Hamburg Court of Appeals confirmed genuine use of the trade mark under Sec. 26(1) MarkenG Court Cases Supreme Court Upholds Law Barring Possession of Guns Under Domestic Violence Protective Orders Following Freshfields amicus brief News Team Monday, June 24, 2024 1:00 am http://legal.managersofwealth.com/article/76997/supreme-court-upholds-law-barring-possession-of-guns-under-domestic-violence-protective-orders-following-freshfields-amicus-brief In August 2023, a team of Freshfields attorneys filed an amicus brief in the case, United States v. Rahimi, on behalf of several domestic violence advocates, educators, and organizations. Court Cases Supreme Court decision defines scope of EIA around fossil fuel ’indirect effects’ News Team Friday, June 21, 2024 1:00 am http://legal.managersofwealth.com/article/76968/supreme-court-decision-defines-scope-of-eia-around-fossil-fuel-amprsquoindirect-effectsamprsquo The Supreme Court has ruled that where there is an inevitable causal link between the development and emissions, the application must assess that effect.” Court Cases