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Government Regulation

06/23/2023

Regulation of virtual asset service providers (VASPs)

The regulation of VASPs is a new regime for the Bailiwick of Guernsey (the Bailiwick)

06/22/2023

Record Keeping Update - Cayman Islands Regulated Entities

The guidance applies to all entities regulated by CIMA

06/22/2023

DORA standards on ICT risk in financial services proposed

DORA requires financial firms to classify ICT-related incidents and determine their impact based on criteria outlined in the legislation

06/21/2023

Court rules that genuine attempt to restructure did not put assets beyond reach of creditors

The ruling will be welcomed by lenders and professional advisers.

06/21/2023

Macfarlanes joins the Black Talent Charter as signatory

The aim of the Charter is to work collaboratively with organisations across the financial and professional sectors

06/21/2023

Thirty Madison Acquires Assets From The Pill Club in Section 363 Sale

The acquisition will allow Thirty Madison to provide continuous reproductive care to those who would otherwise be without options

06/21/2023

Latham & Watkins Launches Virtual Experience Program on Capital Markets Law

Complimentary program on Forage offers business, academic, and legal community opportunity to advise on a hypothetical initial public offering and learn more about working at a global law firm.

06/20/2023

English football clubs to benefit from new immigration rules

The availability of the route depends on a points-based system that now includes a new and significant exemption in the men’s game.

06/20/2023

Amendments to the BVI Civil Procedure Rules Series – Part Two

Any proceeding can be heard in private with the consent of the parties.

06/20/2023

New rights for parents and carers in the UK

The three Acts will come into force at different times and secondary legislation will provide further detail and bring them fully into effect.

06/20/2023

Data subject access requests (DSARs) - ICO guidance

They are entitled to be told where the information came from, what it is being used for and if and with whom it is being shared.

06/20/2023

New study highlights growing risk of climate litigation to corporations

The report also notes that just under 10% of climate litigation cases are filed against corporations.

06/20/2023

HMRC plans new single tax on securities

Tax on electronic share transfers will continue to be collected through the UK’s Central Securities Depositary (CREST) system.

06/19/2023

Personal Information Protection Amendment Bill 2023

Bermuda has recognized the growing importance of data protection and privacy in the modern digital landscape.

06/19/2023

Cayman Islands’ Joint Provisional Liquidators Appointed Over Failed Cryptocurrency Exchange

The Court’s appointment of JPLs in this matter demonstrates that the Cayman Islands Court continues to be adept at dealing with applications for the preservation of assets on an urgent basis.

06/19/2023

The Online Safety and Media Regulation Act 2022 – a new framework for the regulation of harmful online content in Ireland

Significantly the OSMR Act also establishes, by way of Part 11, a brand new statutory regime for online safety including the regulation of harmful online content which will also be commenced on 15 March 2023.

06/19/2023

Next steps in EU employment law reform

The amendments to holiday pay rules and TUPE, if implemented, will be important but not sweeping.

06/19/2023

Forever chemicals a mounting litigation risk for businesses

There is already a move to restrict the use of PFAS in certain contexts.

06/16/2023

FCA proposes tougher rules for cryptoasset marketing

The rules will apply to ‘qualifying cryptoassets’

06/16/2023

Corporate Governance Update – Cayman Islands Regulated Entities

The Rule and Guidance will bring about several changes to the previous corporate governance requirements for regulated entities and extend them to private funds, which were not previously covered.

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