06/13/2022
The Commission does not recommend reliance on collective knowledge or corporate culture, but rather remains of the view that there should be an identifiable individual within senior management with the requisite culpability to attribute knowledge to the c
06/13/2022
Fraudulent reporting may qualify as a criminal offence.
06/13/2022
Businesses in the sector are having to adapt to significant changes in consumer behaviours and in the labour market
06/10/2022
Businesses that rely on the earlier version of SSCs in agreements concluded before 27 September 2021 should update these agreement to include the new SCCs before 27 December 2022 to ensure compliance with the GDPR.
06/10/2022
While the Briefing is aimed at NCAs, is non-binding and not subject to any 'comply or explain' provisions, it sets out several key supervisory expectations.
06/10/2022
ESMA suggests that regulators create checklists to assist with the assessment of compliance with the requirements that pre-contractual disclosures
06/09/2022
The SFC issued a statement to clarify its regulatory approach in relation to non-fungible tokens and remind investors of related risks.
06/09/2022
Such payments are privileged as they do not reduce the insolvency estate and do not disadvantage creditors if they allow the business to continue and enable corporate recovery.
06/08/2022
On the transactional front, Q1 has been another busy quarter for the BVI office
06/08/2022
As discussed in our prior Legal Update, the interim rule implemented new controls on “intrusion software”2 that balanced US foreign policy and national security concerns with the need for legitimate cybersecurity transactions
06/08/2022
The package of proposals are of particular importance to very large businesses, their directors, investors and auditors.
06/08/2022
Regular brand audits, the development of a robust filing strategy, and appropriate monitoring and enforcement of rights are advised for brands seeking to futureproof themselves.
06/08/2022
The report, which will constitute the Parliament’s mandate for the upcoming trilogue negotiations with the Council of the EU, introduces numerous changes to the Commission’s proposal
06/08/2022
The judge said the sale could go ahead, but the proceeds could only be used to settle “reasonable sums” for legal advice
06/08/2022
It will ultimately also determine the DMA’s success as the most significant addition to the Commission’s regulatory toolbox since the first iteration of the Merger Regulation in the 1990s.
06/08/2022
The GPG report must be published within six months of the snapshot date
06/07/2022
With debt at more than 3 X global annual output, the resilience of the world financial system and its ability to withstand further shocks is the subject of much debate.
06/07/2022
As a result, entities which carried on investment business outside of Bermuda with no such premises in Bermuda (“Non Resident Providers”) and entities qualifying for an exemption from the requirement to be licenced under the IBA were not regul
06/07/2022
The UK regulators have adopted a standalone with-profits regime which applies to with-profits business in addition to the general regulatory rules.
06/06/2022
In order for the Registrar to demonstrate the effectiveness of its supervisory framework, it will undertake both desktop and on-site audits of Bermuda entities.