05/11/2022
BVI Court freezes crypto wallets
The Respondents however failed to show up to Court giving the Judge little difficultly in deciding to continue the injunction and associated relief.
Government Regulation
05/10/2022
Additional liquidator appointed to mitigate conflicts of interest in the winding of a Cayman SPC
The Grand Court's decision on the application helpfully sets out how recoveries and costs are to be managed in the liquidation of a segregated portfolio company
05/10/2022
Pandora Papers shed light on ‘gatekeepers’ of dirty money
MONEYVAL rebuked governments across Europe for failing to combat money laundering or police lawyers, accountants and other professionals who facilitate financial crime.
05/10/2022
Outsourcing Cayman Islands AML/CFT compliance obligations
This guide provides a practical overview of the relevant steps and considerations which should be borne in mind when a financial service provider plans to outsource, or is reviewing existing outsourcing arrangements relating to the performance of an AML/C
05/09/2022
Bankruptcy & restructuring in the Cayman Islands 2022
Despite the global economic challenges arising from the coronavirus (COVID-19) pandemic, we have not seen a rise in pre-2020 insolvency and restructuring activity.
05/09/2022
Digital Markets Act: Commission’s expectations on timeframes clarified
The Commission will be responsible for enforcing compliance with the DMA.
05/09/2022
Directors should take note of recent updates to Irish corporate law
Future legislation is expected to put some of these measures on a permanent basis.
05/09/2022
Reforms to UK competition law and merger control regime confirmed
The government has also decided against legislating specifically for the handling of whistleblowers in the context of competition law cases.
05/09/2022
New Charities Law to be introduced in Guernsey
Guernsey is introducing legislation to regulate the charitable sector.
05/08/2022
Financial Regulation: Daily Update
The FCA is more resilient to the economic and geopolitical disruptions of today
05/06/2022
Digital Services Act agreed by EU law makers
Fines of up to 6% of the annual global turnover of will be able to be levied on online platforms and search engines that fail to comply with the new legislation.
05/06/2022
European data protection authorities agree to enhance cooperation
The EDPB said there are qualitative and quantitative criteria that the authorities will refer to for collectively identifying when a cross-border case is to be subject to the enhanced cooperation measures.
05/06/2022
Irish Central Bank outlines SFDR and taxonomy disclosure expectations for Irish funds
The latest draft of the RTS will now be scrutinised by the European parliament and the Council of Ministers and are expected to apply from 1 January 2023.
05/06/2022
The new UAE Labour Law: what employers need to know
The law is designed to enhance employment rights
05/06/2022
Bermuda report - Q1 2022
Effective 1 April 2022, these Regulations amend certain fees payable in the electricity and electronic communications sectors.
05/06/2022
Financial Services & Banking News
The EBA's report highlights areas where specific risks have been detected
05/06/2022
Herbert Smith Freehills Financial Regulation Daily Update
The campaign aims to raise awareness of increasingly sophisticated investment scam tactics.
05/06/2022
Financial Services & Banking News
The updated ITS specify the data collection for the supervisory benchmarking exercise of 2023 in relation to the internal approaches used in market and credit risk and IFRS9 accounting.
05/06/2022
Amendments to the Limited Partnerships (Jersey) Law 1994
The Amendment Law is primarily designed to modernise and clarify aspects of the Jersey LP Law
05/06/2022
Dentons appoints Co-heads of Europe Compliance and Investigations Group
The group is responsible for developing and delivering solutions, tools and thought leadership to help clients manage their growing compliance burden and manage regulatory and reputational risk.