09/15/2022
EDPB Rules on Conflict Between Data Protection Authorities
The decision led to an increase in the fine imposed on French hotel chain Accor S.A. from €100,000 to €600,000, after a multi-year deliberative process.
Government Regulation
09/14/2022
Authority for entering into a contract in Ireland
The business of a company is managed by its directors acting collectively.
09/14/2022
US FTC Moves Forward on Privacy Rulemaking with Public Forum
Key topics raised by industry representatives and consumer advocates alike included data minimization and the prevention of secondary uses of data
09/13/2022
In the Battle of Pay vs. Performance Rules Under the SEC’s Final Rule, Increased Disclosure Wins
The Final Rules require a Pay-versus-Performance disclosure table
09/13/2022
Corporate criminal offences of failure to prevent the facilitation of tax evasion
Two corporate criminal offences (CCOs) were introduced on 30 September 2017 under the Criminal Finances Act 2017.
09/13/2022
What You Need to Know About BVI Voluntary Liquidations
When preparing for the BVI voluntary liquidation of any entities that are soon to near or have reached the end of their life cycle, the process need not be complicated.
09/12/2022
CRS Compliance Form Filing Deadline in the Cayman Islands - Are You Ready?
The 15 September 2022 is the upcoming deadline for submitting the 2021 CRS Compliance Form with the Department for International Tax Cooperation (DITC) in the Cayman Islands.
09/12/2022
Amendments to the BVI Business Companies Act
The current seven year period between a company being struck off the register of companies ("Register"), and being dissolved, is being abolished.
09/12/2022
Latham & Watkins Represents Lumileds Holding B.V. in Cross-Border Financial Restructuring
Multi-disciplinary team led by members of the firm’s Restructuring & Special Situations Practice advises the multinational company on voluntary prepackaged Chapter 11 proceedings
09/12/2022
UAE’s new virtual asset marketing rules a ‘clear mandate to protect consumers’
VARA regulates the virtual asset sector in the emirate of Dubai and its free zone territories
09/09/2022
Economic substance requirements for Jersey companies and LLCs
The Substance Law was amended on 1 September 2022 to extend its application to limited liability companies
09/09/2022
Cayman Grand Court permits joint provisional liquidators to control the timing of their discharge of office
Given that the restructuring had been achieved, the JPLs applied for their discharge and the Court acceded to that application.
09/09/2022
New Registration Requirement for Cayman Entities That Own Property in the UK
Entities that disposed of property or land after 28 February 2022 will also need to register and provide details of that disposal.
09/09/2022
FCA outlines its updated approach to alternative asset management supervision
The FCA acknowledged that most firms in the alternatives space deal with professional clients, and those firms should expect the FCA to supervise them proportionately.
09/08/2022
Guernsey legal and regulatory update September 2022
The original proposal was to include the new requirement in the form of 'guidance'
09/08/2022
Economic substance requirements for Jersey companies and LLCs
The Substance Law imposes economic substance requirements on companies and LLCs that are tax resident in Jersey that undertake relevant activities in respect of financial periods commencing on or after 1 January 2019.
09/08/2022
Updated Procedures for De-Registration of Cayman Islands Mutual Funds and Private Funds
The revised Procedures represent the outcome of a consultation process that CIMA has undertaken in order to simplify and standardise the de-registration process for regulated funds, so that mutual funds and private funds can terminate their registrations
09/08/2022
Cayman Grand Court permits joint provisional liquidators to control the timing of their discharge of office
Given that the restructuring had been achieved, the JPLs applied for their discharge and the Court acceded to that application.
09/08/2022
Stress-free conveyancing in Cayman
The Cayman Islands has a world-class land title registration system, with strict rules relating to documents and filings.
09/07/2022
EU triggers Convention to help businesses enforce foreign court rulings
The Convention will be binding on all EU member states other than Denmark.