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
05/11/2022
Essentially, the proposed regime would allow the Russian government to take control over Russian assets of foreign companies that have recently made a decision to leave Russia
05/11/2022
The resolution of these debatable legal issues is not only of legal or academic interest: since these issues also have significant commercial implications.
05/11/2022
Article 6 of the EU Securitisation Regulation requires the originator, sponsor or original lender of a securitisation to retain on an ongoing basis a material net economic interest of not less than 5%, using one of five possible methods.
05/11/2022
The Respondents however failed to show up to Court giving the Judge little difficultly in deciding to continue the injunction and associated relief.
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.