06/15/2022
Widening the Net of Regulation of Retail Credit Firms in Ireland
An RCF will also have to comply with the Central Bank's fitness and probity regime when applying for authorisation, and on an ongoing basis.
Government Regulation
06/14/2022
A Guide to Jersey Probate
Stamp duty is payable when an application for a Grant is made. The duty payable is calculated on the net value of the estate as at the date of death.
06/14/2022
UK regulators call for improved value for money disclosures by DC pension schemes
The feedback statement follows up a discussion paper on value for money in DC schemes published in September 2021.
06/13/2022
Reforming corporate criminal liability – reaction from Herbert Smith Freehills
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
Italy issues regulations on new register for beneficial owners of trusts
Fraudulent reporting may qualify as a criminal offence.
06/13/2022
What hospitality businesses should reflect on this National Licensing Week
Businesses in the sector are having to adapt to significant changes in consumer behaviours and in the labour market
06/10/2022
European Commission’s Q&A on the New Standard Contractual Clauses
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
New ESMA Guidance on Sustainability Risks and Disclosures
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
Irish funds await Central Bank’s response to EU sustainable finance guidance
ESMA suggests that regulators create checklists to assist with the assessment of compliance with the requirements that pre-contractual disclosures
06/09/2022
Hong Kong Securities and Futures Commission Issues Statement on NFTs
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
German court rules on managing directors' payments to employees of insolvent company
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
Conyers Q1 Update
On the transactional front, Q1 has been another busy quarter for the BVI office
06/08/2022
BIS Revises Export Controls on Cybersecurity Items Used for Malicious Cyber Activity
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
Significant audit and corporate governance reform on the horizon
The package of proposals are of particular importance to very large businesses, their directors, investors and auditors.
06/08/2022
How to ace your brand protection in the metaverse
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
European Parliament publishes report on the EU Green Bond Standard
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
Bankruptcy trustee could have proprietary claim over frozen assets, court rules
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
The DMA is here – What’s next?
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
Gender Pay Gap Reporting in Ireland
The GPG report must be published within six months of the snapshot date
06/07/2022
The Great Debt Experiment
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.