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Form of BVI Annual Return Published

The form of the annual return has been published and fortunately a simple balance sheet and income statement will suffice.

Special Economic Zone Companies in the Cayman Islands

It deals in broad terms with the requirements of Cayman law for the establishment and operation of such entities, including the requirements applicable to all exempted companies.

Key Updates of Green, Social and Sustainability-Linked Loan Principles

All transactions completed prior to 9 March 2023 will be exempted from following the updated Principles and Guidance

HKEx Warns Issuers Over Misleading Generic Statements on Auditor Resignations

Resignation announcement is specifically highlighted as a problematic area of such “partial truth” disclosure.

EU pharma law reform faces further delay

A rescheduled date of mid-March 2023 was subsequently envisaged for the announcement before this too was pushed back to 29 March

UK financial regulator warns firms off D&I vagueness

The Review will now extend its target-setting to companies in the FTSE 350 index.

Proliferation and Proliferation Financing in Guernsey

In 2020 the FATF revised its Standards to require countries, financial institutions, designated non-financial businesses and professions and virtual asset service providers to identify, assess, understand and mitigate their PPF risks.

New EU foreign subsidies regime will increase costs and complexity in M&A deals

If the Commission finds that the foreign contributions in question constitute subsidies which distort the EU market, it can adopt remedial measures.

A guide to funds and private equity in Jersey

Our team of leading Jersey funds lawyers have substantial experience advising on the full spectrum of fund strategies and asset classes

Navigating the challenges of sensitive workplace investigations: Key takeaways

The important point here is that both investigators are comfortable with the content of the report and the conclusions drawn.

Are your bank accounts safe? A summary of FDIC insurance coverage

The rules governing coverage amounts vary depending on whether the account is owned by one person, co-owners, through a trust or legal entity, among other factors.

HR Investigations across jurisdictions

For many types of HR investigations, there are no statutory process requirements for the conduct of the investigation.

Herbert Smith Freehills Launches Updated Guide to Corporate Restructuring, Turnaround and Insolvency in Asia Pacific

Transfer Act designed to assist financial institutions, China’s Shenzen Special Economic Zone Personal Bankruptcy Regulations, and changes to the Singapore International Commercial Court.

DOJ Issues Further Guidance, Warnings on Ephemeral Messaging Apps

The DOJ’s guidance on messaging apps comes against the backdrop of a renewed focus on corporate enforcement and vigilance against corporate malfeasance.

Revised ELTIF Regulation Published in the Official Journal

ELTIFs will allow retail investors the opportunity to invest in companies and projects that need long-term capital

VARA's New Regulations for Virtual Assets in Dubai

VASPs operating in Dubai are now subject to increased regulatory requirements

Cash or Security: The Cost of an Interim Injunction in BVI Proceedings

The cross undertaking in damages contained in the WFO was not fortified.

Limited partners' statutory right to information concerning a Cayman Islands exempted limited partnership remains wide and unqualified

On 10 March 2023, the Honourable Justice Parker handed down his decision

Wealth management updates: Take with one hand and give with the other! Changes to residency routes in Singapore

To attract more highly skilled foreign investors, professionals, and talent, Singapore has introduced a range of initiatives to boost foreign investment and complement its workforce.

Guidance concerning the disqualification of a person from acting as a director

The most common way the AG will become aware of any disqualification triggers would be through the JFSC

Government Regulation