08/09/2022
A beneficial owner is any individual or entity that has significant influence or control over the overseas entity; it can be a natural person, a legal entity, or a government, or public authority.
08/09/2022
Although proposed legislation seeks to provide relief from investment adviser status for broker-dealers that receive such compensation for research, that legislation is unlikely to proceed in the current Congressional session.
08/09/2022
This rule is known as the “financial promotion restriction” and is set out in section 21 of the Financial Services and Markets Act 2000 (FSMA).
08/09/2022
Horsman and Beaumont said there are two main changes in the Act that are liable to limit the number of defamation claims raised in Scotland.
08/09/2022
It is the first time the government has used its powers under the NS&I Act to block a transaction since the NS&I Act came into force earlier this year.
08/09/2022
The new authority will be made up of counter-fraud and data experts
08/09/2022
Many jurisdictions now permit information-sharing between the foreign investment and merger control authorities to help identify and review relevant transactions.
08/09/2022
It is our hope that this financial commitment will enable Cayman Connection to continue providing invaluable services, support and programmes to overseas Caymanian students.
08/09/2022
This Guide looks at the requirements of the beneficial ownership regime, the exemptions available and the consequences of failing to maintain a beneficial ownership register in accordance with the relevant legislation.
08/08/2022
Pursuant to both the Current IBA and the Amended IBA, “investment business” means engaging in one or more investment activities specified in the statute by way of business.
08/08/2022
The Draft Regulations say that the maturity of a scheme is to be measured by the duration of its liabilities, meaning the discounted average time until pensions and other benefits are paid.
08/08/2022
China has increased fines for failure-to-file/gun-jumping for undertakings and individuals.
08/08/2022
It is no secret that certain Russian oligarchs have deep roots in the art industry and have in the past used high-value art to circumvent sanctions and to launder money.
08/08/2022
The chapter, which is now available, outlines the fintech landscape, funding for fintech, regulatory regime, accessing of talent and technology in the jurisdiction.
08/08/2022
The current and prospective impact of the new US-PRC laws and regulations on Cayman structured China VC companies mean that issuers must now consider different strategies:
08/08/2022
The Roundtable report, which was published today, features fintech partner, Christel Sands-Feaste as one of the expert contributors.
08/05/2022
In a significant judgment delivered earlier this year1 , the Court of Appeal held that those provisions of the Act do not apply to claims for the recovery of debts.
08/05/2022
The contracts include those governed by [US] law that do not mature before LIBOR ends and that lack adequate fallback provisions.
08/05/2022
The key point to highlight is that the register is not a register of beneficial ownership of UK land.
08/05/2022
Following the UK’s exit from the EU, the government has set out major reforms to the rules governing public sector buying in the new Procurement Bill