07/17/2023
Access to Company Information and Documents under the BVI Business Companies Act
In addition, certain documents filed with the BVI Registrar are or may be available, depending on whether the BVI Company has elected to file such documents.
Government Regulation
07/17/2023
Attorney Yong-Moon Kim of Dentons Lee participated in a discussion on “Problems with Amendments
Kim also expressed his opinion that a more careful and multifaceted deliberation is needed to resolve the structural duality and polarization issues suffered by the Korean labor market.
07/17/2023
Made In Italy Bill: focus on intellectual property
Firstly, the bill introduces the possibility for institutes and cultural sites to register their trademark and to grant the use of the same mark to third parties for a consideration.
07/14/2023
EU completes securitisation regulatory ‘jigsaw’ with final risk retention technical standards on risk retention
Securitisation regulation expert Katie McCaw of Pinsent Masons described this “long-awaited” development as one of the final pieces of the EU securitisation regulatory “jigsaw”.
07/14/2023
Landmark Sudlows ruling establishes principles for serial adjudications
A serial adjudication arises in circumstances when there are two or more successive adjudications between the same parties in relation to the same construction contract.
07/14/2023
MLRO/MLCO masterclass series to give essential training ahead of MONEYVAL evaluation
One of the key focuses of MONEYVAL's visit is the evaluation of the efficacy of Guernsey's AML/CFT/CPF framework.
07/14/2023
Fintech Laws & Regulations in The Bahamas
The Government of The Bahamas has developed a policy that favours the development and innovation of the fintech sector in The Bahamas.
07/14/2023
British Virgin Islands economic substance – ITA investigation and enforcement powers
This guide summarises the key points to consider, including various legislative changes made in 2022 to increase the ITA’s enforcement powers, and addresses some frequently-asked questions.
07/14/2023
New registration regime for individuals relying on the 'up to six-directorships' exemption
The licensing requirement captures directorships of any company, anywhere, ie not just to Bailiwick companies but foreign incorporated companies (as it applies to any person acting as a director in or from within the Bailiwick, regardless of where the com
07/14/2023
The rising threat of Business Email Compromise (BEC) attacks and CEO Fraud in Asia
Prevention is better than cure.
07/13/2023
Supreme Court backs ‘conventional’ understanding of banks’ Quincecare duty
APP frauds occur when a victim authorises a bank transfer into an account that they believe is controlled by a legitimate payee, but that actually belongs to a fraudster.
07/13/2023
Singapore passes new law to remove harmful online content
The primary objective of this bill is to enable the government to take prompt action against illicit activities conducted online and proactively safeguard against scams and malicious cyber behaviour.
07/13/2023
Real-time financial market data will make UK more attractive to do business’
The proposal is limited to post-trade data for bonds.
07/13/2023
FCA misconduct enforcement shows new demand for proactive redress
The FCA said that the settlement would ensure that most or all of Steel’s assets would be spent compensating consumers, rather than on High Court proceedings.
07/12/2023
APP fraud and vulnerable customers – lost in implementation?
In principle, this exception to reimbursement would not apply in respect of vulnerable customers i.e. a vulnerable customer would not be expected to exercise the customer standard of caution – an exception to the exception.
07/12/2023
BVI Commercial Court rules that ultimate beneficial interest holders of notes are 'creditors' under the Insolvency Act 2003
The Company failed to pay interest and principal on the maturity date of the Notes.
07/12/2023
EU rules on green transport remain important as UK regulations move slowly
The UK is at the beginning of a long transitional journey, in which developments are being driven forward by market forces – commercial structuring and contracts – as opposed to regulation.
07/11/2023
Guernsey regulator updates AML/CFT handbook
An employee can perform the independent audit function, but that employee must be independent from the employees who either design, maintain or apply the AML/CFT policies, procedures and controls.
07/11/2023
EU Institutions reach political agreement on Data Act
Personal data must be anonymised following the EU General Data Protection Regulation (GDPR).
07/10/2023
Comparison of Laws in Bermuda and the Cayman Islands Relating to Offshore Companies
This publication does not deal with all types of companies that may be formed in either of the above jurisdictions, or with the laws and regulations which may be applicable to certain business activities.