05/17/2022
New principles for charitable trustees exercising their powers of investment
The case was brought by the trustees of two charities – the Ashden Trust and the Mark Leonard Trust – whose principal purposes are environmental protection and improvement and the relief of poverty.
05/17/2022
Space law, the next frontier for international disputes?
As humans start to press up against the Earth's limitations, it is inevitable that a significant focus will turn to space innovation and exploration, both to support life on Earth, but also elsewhere.
05/17/2022
Treasury Announces 2022 National Illicit Finance Strategy
Strategy Provides Roadmap to Close Loopholes Exploited by Criminals and Illicit Actors
05/17/2022
The FTC at Full Strength: What to Expect Next
The agency’s authority to craft trade regulation rules covering unfair and deceptive trade practices
05/17/2022
US tops financial secrecy ranking as G7 countries upend global progress on transparency
The G7 countries’ undermining of global transparency has further fuelled calls by leading economists for a UN tax convention
05/17/2022
Close-out netting and set-off provisions for BVI, Cayman Islands, Guernsey, Jersey and Luxembourg counterparties
As a result, financial institutions are reacquainting themselves with protectionist financial contracts, for example, interest rate hedging and swap contracts.
05/17/2022
Family Office Considerations Relating to Partnership Audits
Since Family Offices may be in a position of management, this is a particularly sensitive issue for family office professionals.
05/17/2022
EU Proposal for further interest limitated rules - the impact on international business
The implementation and final form of the draft Directive is subject to unanimous consent by all EU Member States.
05/16/2022
Under section 8(1)(a) of the Act, a company or a foreign company is insolvent if it fails to comply with the requirements of a statutory demand that has not been set aside under section 157.
05/15/2022
Both the EU and the UK have now set out their replacement vertical toolkits.
05/13/2022
Regulatory and legislative change, including the US Volcker Rule, has also incentivised the use of share trustees over recent years.
05/13/2022
Businesses can expect the Data Reform Bill to have a large impact on their data protection practices and data governance.
05/13/2022
During the course of 2022, Part V of the Cayman Islands Companies Act (the "Companies Act") will be amended to introduce a new restructuring officer regime available to companies in financial distress, which can be accessed without the need to p
05/13/2022
The Act’s substantive provisions will only come into force once the Secretary of State makes regulations giving specific commencement dates and that hasn’t happened yet.
05/13/2022
Asset allocation details are also required, but there is no need to set out specific details of individual investments.
05/13/2022
In addition, an investigation would be made into possible corruption within HM Customs (COI Recommendation B40).
05/12/2022
Ogier successfully appeared for BDO and Creditforce, and obtained an indemnity costs order against a trustee previously found to have misappropriated trust assets.
05/11/2022
The FCA plans to publish its final report on the multi-occupancy buildings insurance market by 28 July 2022.
05/11/2022
They also apply to all business done by non-EU persons in whole or in part within EU territory, including its airspace and on any aircraft or vessel under an EU member state's jurisdiction.
05/11/2022
SPCs consist of one overarching legal entity