06/09/2022
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
On the transactional front, Q1 has been another busy quarter for the BVI office
06/08/2022
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
The package of proposals are of particular importance to very large businesses, their directors, investors and auditors.
06/08/2022
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
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
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
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
The GPG report must be published within six months of the snapshot date
06/07/2022
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.
06/07/2022
As a result, entities which carried on investment business outside of Bermuda with no such premises in Bermuda (“Non Resident Providers”) and entities qualifying for an exemption from the requirement to be licenced under the IBA were not regul
06/07/2022
The UK regulators have adopted a standalone with-profits regime which applies to with-profits business in addition to the general regulatory rules.
06/06/2022
In order for the Registrar to demonstrate the effectiveness of its supervisory framework, it will undertake both desktop and on-site audits of Bermuda entities.
06/06/2022
Appleby is actively tracking these developments, and is advising clients on the legal and practical impacts of these measures.
06/06/2022
NFTs are traded on specialized NFT marketplaces, such as OpenSea and Nifty Gateway, which are platforms on which people link crypto wallets and exchange NFTs for the types of cryptocurrencies supported in the respective marketplace.
06/06/2022
The duties which apply to an Irish director were codified in the Companies Act and were the subject of a lot of market commentary at the time.
06/06/2022
The Act will apply to all Isle of Man entities that are treated as legal persons under Isle of Man law.
06/06/2022
The FSC is confident that the Processing Fees Regulations will foster early bird applications for the VASP licences and registration of initial token offerings
06/06/2022
It remains to be seen how, and in what form, the new legal principles will, in practice, be implemented by legislation.
06/03/2022
The ITS and RTS will also clarify the procedure for the communication of the relevant notification file by the relevant home NCA to the host NCAs of the Member States where these activities are envisaged.