10/29/2021
Qualified Opportunity Funds / OTS Series
Investments in qualified opportunity funds (QOFs) offer a number of distinct tax benefits
Government Regulation
10/29/2021
Privy Council clarifies jurisdiction of freezing orders in key BVI case
Viewed from an English litigator’s perspective, the Convoy Collateral decision is not especially groundbreaking.
10/29/2021
UK to require pension trustees to report on climate change commitments
The draft guidance also includes policies to help trustees vote, and how their voting is recorded in the implementation statement.
10/29/2021
UAE to introduce new Federal Data Law
Ruth Stephen tells HRNews about new data protection laws to be introduced as part of the UAE’s ‘Projects of the 50’
10/29/2021
How long does a third party have to pursue a claim in tort and/or contract against a defendant who has died?
It was uncertain, however, whether this ancient time period extended to third party claims but a recent case before the Master of the Royal Court has now clarified this area of law.
10/29/2021
Second national report on risks of money laundering and terrorist financing
It also provides an overview of the legislative provisions that have been implemented in this period with a view to improving the Swiss toolkit for combating money laundering and terrorist financing.
10/28/2021
British Virgin Islands Introduces Data Protection Law
The entity is also responsible for personal information processed on its behalf by a third party processor.
10/28/2021
We Hope This Registers! A Summary of Cayman Corporate and Partnership Registers in a Finance Transaction
Because we know that it can be a little befuddling, we have set out below a guide to the various Cayman exempted company, limited liability company and exempted limited partnership registers in the context of a finance transaction.
10/28/2021
UK to require pension trustees to report on climate change commitments
DWP said the proposals would help inform trustees’ investment decisions, stewardship and voting, and reflected industry calls for methodological flexibility.
10/28/2021
Scrutiny of the U.S. Art and Antiquities Markets Intensifies
While the scale of the problem is unknown, experts agree that a number of factors make the art and antiquities markets particularly susceptible to financial crime.
10/28/2021
The new UK Long-Term Asset Fund
The FCA will be consulting in the first half of 2022 on the potential for widening the distribution of the LTAF to a broader range of retail investors.
10/28/2021
FATF publishes guidance for regulation of cryptocurrency industry
The guidance provides relevant examples and potential solutions to implementation obstacles.
10/28/2021
UK Charity Commission publishes details of whistleblowing disclosures made in 2020 to 2021
The majority of disclosures were received from employees and ex-employees (50.8%), however the proportion of reports from other sources (including Trustees) has increased.
10/28/2021
UK Budget 2021: Comments on the Government's infrastructure spending plans
A budget to deliver an infrastructure revolution?
10/27/2021
Mauritius Exits the grey list of the Financial Action Task Force
Appleby Mauritius in a concerted effort with the various regulators which included amongst others the Attorney General’s Office, The Financial Intelligence Unit, the Financial Services Commission and the Bank of Mauritius actively participated in fu
10/26/2021
Coronavirus and rent enforcement in England and Wales
The courts are prioritising the most serious cases such as where there are allegations of fraud, or alleged arrears equal to at least 12 months’ rent.
10/26/2021
US Treasury guidance sets out sanctions compliance duties for virtual currency industry
The sanctions compliance guidance (28 page / 2.13MB PDF) reminds the industry that compliance obligations apply equally to transactions involving virtual currencies and those involving fiat currency.
10/26/2021
Cayman Islands to introduce a dedicated 'restructuring officer'
Under the Amendment Bill, the filing of a petition for the appointment of a restructuring officer would trigger an automatic global moratorium on claims against the company, giving it the opportunity to seek to implement a restructuring.
10/26/2021
Daily Legal Update
New rules, in force on 15 November
10/25/2021
Extension to Global Citizen Concierge Program
The annual fees are relatively low and a successful applicant will pay US$1,500 per annum for their Certificate (a fee which includes one dependant), with fees of US$500 for each additional dependant.