04/22/2022
Registering and managing a trust – do the new rules apply to you?
The new regulations mean that most UK express trusts must now register unless specifically excluded.
Government Regulation
04/21/2022
Snapshot: Cayman Grand Court considers section 238 valuation date and impact of PRC laws on discovery obligations
At an initial directions hearing, the Court was required to determine inter alia
04/21/2022
UK and EU competition authorities launch first parallel dawn raids since Brexit
Alongside the dawn raids, the Commission also sent formal requests for information to several companies active in the automotive sector.
04/21/2022
SEC Rule Proposal Seeks to Clarify “Dealer” Definition for Persons Engaging in Liquidity-Providing Activities
Proposed Rules would establish three (3) qualitative standards designed to require registration of market participants who engage in a routine pattern of buying and selling securities
04/21/2022
Enforcement Guidelines and administrative fines – CRS and economic substance
The TIA will exercise its enforcement powers in a manner which is reasonable, transparent, lawful, rational and proportionate.
04/21/2022
Competition authorities in Europe respond to Ukraine crisis
No formal exemptions from competition law have been introduced by the ECN
04/21/2022
FCA launches bespoke support service for innovative financial services firms
The FCA said the service was for authorised firms
04/21/2022
Cross border insolvency - more applications by Hong Kong liquidators to seek recognition and assistance in Mainland China
The cases concern applications of liquidators under the cooperation mechanism on recognition and assistance in cross border insolvency between Mainland China and Hong Kong.
04/21/2022
57 Maples Group Lawyers recognised in the legal 500 EMEA Guide 2022
A record 17 practice areas received inclusion in the rankings this year, with nine Partners listed in the elite 'Leading Individuals' category.
04/21/2022
16 charged by US over $194m complex investment scam across 3 continents
All of the investigations received assistance from the SEC’s Office of International Affairs
04/21/2022
Financial Regulation: Daily Update
The response sets out HM Government’s (HMG) final policy approach to amending the regulatory framework, which will ensure that the FSCS can operate most effectively for the consumers of pre-paid funeral plan contracts if a regulated funeral plan pro
04/20/2022
Herbert Smith Freehills Financial Regulation: Daily Update
The report informed the FATF’s Strategic Review, which aims to make the next cycle of FATF assessments more timely, risk-based and effective.
04/20/2022
Bird & Bird advises Flex on landmark bond offering in Hungary
The transaction is one of the largest bond offerings by value, both within the framework of the BFGS and beyond, in Hungary.
04/20/2022
UAE’s new whistleblowing regime ‘significant and positive’ step for employees
Employees, officers or agents of DFSA-regulated companies operating in or from the DIFC can now withhold their identities when reporting suspected misconduct
04/20/2022
Changes to the Unexplained Wealth Orders regime
The changes to the UWO regime appear to have been designed with a mind to the limited use of UWOs since their creation in 2018
04/19/2022
Concept of AI inventor rejected in Australian patent ruling
The effect of the ruling is that AI systems cannot be listed as inventors on patent applications on Australia.
04/19/2022
NEC’s proposed climate change clause an ‘important tool’ to reach net zero
The guidance adds that while the requirements are likely to be set by the client, they can also be requested from bidders or developed between bidders and clients.
04/19/2022
Updated guidance on the countering of the financing of proliferation of weapons of mass destruction
To do this, Industry will be risk assessed for exposure to proliferation financing risk.
04/19/2022
Reflections from the FIRE Starters Global Summit in Dublin
Interactive case study of a contentious high-value UK bankruptcy with multi-jurisdictional elements
04/18/2022
Facilitating Corporate restructurings in the Cayman Islands – The new “Restructuring Officer”
The Amendment Bill will also make some helpful changes as regards who can apply to Court for the appointment of a restructuring officer.