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

UAE regulator overhauls regimes for foreign and domestic funds

The SCA has so far approved around 2,000 foreign funds to promote and offer their funds through licensed promoters in the UAE.

DORA: New EU Operational Resilience Regime for the Financial Sector

Notably, certain unregulated technology providers, such as ICT third-party service providers, are now within the direct scope of financial regulatory requirements for the first time.

Strike off, dissolution and restoration under the BVI Business Companies Act

This guide examines procedures by which the name of a company may be struck off, or restored to, the Register under the Act.

Taking security over shares in a Cayman Islands exempted company

This guide examines the creation of security over shares in a Cayman Islands exempted company.

UAE changes commercial agency law to encourage more foreign investment

The new law is a positive development in encouraging foreign investment and international businesses to continue to move to and operate in the UAE.

Our new name - Karas So LLP in association with Mishcon de Reya

Kevin So joined as a Partner in January 2022, with his experience and reputation in the Hong Kong disputes space marking a valuable addition to the team.

UAE deadline for transition to fixed-term employment contracts extended

The transition of employees onto fixed-term employment contracts is mandated under UAE’s Labour Law, which was updated last year.

HMRC withdraws plastic packaging tax invoicing requirements

There will of course be some who have already expended time and effort on developing the systems to generate the information

CMA investigations to extend to consumer product 'green' claims in UK

Ongoing drive to tackle greenwashing and misleading claims means businesses

Aviation regulatory update 2022/2023

The pipeline of regulations and legislative measures for 2023 is likely to include the implementation of the outcomes and responses to these various consultations

Pensions disputes: market upheaval feeding into disputes landscape

The case considers some of the complaints that may arise where members have seen fund values fall during the Covid-19 pandemic

UK CMA to scrutinise green claims made in relation to foodstuffs, drinks and other household essentials

Greenwashing has attracted regulatory attention because consumers are increasingly taking environmental considerations into account when choosing products and services.

The Jersey property market: What's the outlook for 2023?

Interestingly, the purchase price of two-bedroom houses fell by £32,000 from that of the previous quarter, and the slightly higher bracket of four-bedroom houses remained on average unchanged at a mean sale price of £1,329,000.

Rights of exclusive patent licensees clarified

The Court of Appeal considered the interpretation of the provisions of the Patents Act 1977 that specifically deal with the rights of exclusive licensees in the context of a dispute over pharmaceutical patents.

Guernsey Regulator Releases Final Form Rules on Virtual Asset Service Provider & Consumer Lending Law

The GFSC consulted on a draft form of the Rules over the summer of 2022, and has also published feedback on that consultation.

Burges Salmon appointed to Ordnance Survey legal panel

The firm has been appointed to the OS legal panel for an initial three year period with the potential to extend

United we stand

It is important to understand that our laws are not the same as those in the UK and our courts are not generally required to follow their decisions.

Regulatory reform will shape 2023 cyber risk landscape

In 2023, organisations should continue to evaluate their readiness to deal with cyber issues. Consideration of cyber risk in the supply chain should form part of that.

Limitation period applies to claims made in adjudication

The limitation defence was raised by Cooper Construction Limited (Cooper) in adjudication enforcement proceedings before the High Court brought by LJR Interiors Limited (LJR).

Virtual Assets Service Providers Act enacted in the BVI

The registration requirements and continuing obligations are designed to ensure that service providers in the BVI operate in a prudent manner

Government Regulation