- Managers of Wealth - Legal - Wealth, private banking and asset management news and opinion

UAE introduces federal level virtual asset regulation

The Cabinet has issued a decision which brings into force a new regulation for virtual assets and virtual asset service providers

ESMA draft RTS on cross border marketing and management notifications

ESMA has proposed a series of Level 2 measures under the UCITS

Maples Group's New Sponsorship with Museum of Literature Ireland Expands Learning Programmes

MoLI, which was launched in 2019, is one of Ireland's newest attractions and celebrates Ireland's unrivalled literary pedigree and its international influence.

Senior Partner Kirindeep Singh and Partner Reuben Peter accredited as Specialists by Singapore Academy of Law

The Singapore Academy of Law's Specialist Accreditation Scheme confers recognition of a legal practitioner's expertise and experience in a specialised area of law.

EU adopts regulation to fast track permits for renewable energy projects

Energy expert Dr Valerian von Richthofen of Pinsent Masons welcomed the new framework, but raised some practical questions.

Move to ban non-compete clauses from US employment contracts

A limited exemption from the proposed ban on non-compete clauses has been drafted by the FTC and would apply to agreements between the seller and buyer of a business.

Collas Crill Explains... Vesting and Severance

Joint ownership may be severed by re-vesting the property with the consent of all parties.

Cayman Islands: Beneficial Ownership Register Requirements

It deals in broad terms with the requirements of Part XVIIA of the Companies Act

Mayer Brown represents R&Q in joint venture to acquire legacy liabilities of MSA Safety

R&Q will provide claims and management services and Obra will provide investment management services to the Mine Safety Appliances Company, LLC.

Rights of landowners and telecoms operators to be recalibrated under new Act

The 2017 Code updated an earlier version of the Code and enhanced the rights of telecoms operators to install their equipment

Data protection enforcement power struggles highlighted in Meta case

It used its powers to do so under a regulatory cooperation mechanism that operates under the EU’s General Data Protection Regulation (GDPR).

EU ruling loosens pharma companies’ control over brands

Trade mark holders in the EU have the exclusive right to control when and where their goods are first placed on the EU market.

New rules to improve safety for workers transported in lorries effective in Singapore

Employers must now appoint a ‘vehicle buddy’ for all lorries transporting workers on the rear deck, and ensure that that buddy has been fully informed of his or her role.

CJEU rules that medicines cannot be advertised on basis of price

The CJEU said that where medicinal products neither subject to medical prescription nor reimbursed are concerned, advertising could exercise "a particularly strong influence on the evaluation and choice made by final consumers".

Dentons reappointed to FSCS's legal panel

FSCS is the UK's statutory fund of last resort for customers of authorised financial services firms and provides compensation when those firms are unable

Continuation by a BVI company to a foreign jurisdiction

This process is sometimes referred to as a corporate migration, redomiciliation or transfer of place of incorporation.

Legislative Clarification on the Luxembourg Reverse Hybrid Entity Tax Rule with Retroactive Effect

The rule now requires that the double non-taxation outcome resulting from the reverse entity must only be due to the mismatch classification of such entity.

TPO upholds pension transfer complaint against Teachers’ Pensions

TPO also found that TP failed to warn the complainant, referred to as ‘Mrs G’, of the potential consequences of transferring her pension.

PRIIPs Q&As updated for Level 2 rules applying from 1 January 2023

Ahead of amended Level 2 rules coming into effect on 1 January 2023, the ESAs amended their Q&As on the PRIIPs KID.

New requirement - Advertising for Cayman Islands temporary work permits

Generally speaking, anyone wishing to work in the Cayman Islands must first obtain permission to work, unless they are Caymanian.

Government Regulation