03/01/2022
Greater China Risk Insight: Looking ahead in the Year of the Tiger
The world of disputes is also rapidly evolving.
Government Regulation
03/01/2022
‘No quick fix’ for UK amber flag pensions rules issues
New transfer rules introduced in November 2021 require the trustees of a transferring pension to find an amber flag
03/01/2022
Dealings with sanctions target-owned businesses require UK licence
It is important businesses do their due diligence to understand exactly who they are transacting with currently and screen who they might do business with in future
03/01/2022
The BVI and the EU
On 24 February 2022, the Council of the European Union updated the EU list of non-cooperative jurisdictions for tax purposes.
02/28/2022
Russian Military Action in Ukraine: Measures to Mitigate Related Cyber Risk
Numerous news reports also have described significant cyber attacks against Ukrainian systems that follow multiple waves of cyber attacks in the past few weeks that have targeted Ukrainian banks and government websites.
02/28/2022
U.K. Plans New Law to Crack Down on Foreign Money Laundering
Law will set up registry of foreign owners of U.K. property
02/28/2022
Barclays fined £783,800 for oversight failings
The FCA publicly censured Premier FX in February 2021 for failing to safeguard its customers’ money and seriously misleading its customers about the services it was authorised to provide.
02/27/2022
Herbert Smith Freehills: Financial Daily Regulation Update
The report provides information on the substance of the Recommendation, such as the legal form of the measure and the type of financial institutions covered
02/25/2022
Adjusted right to work check update
This update is welcomed as it will allow employers the continued flexibility to undertake right to work checks remotely, in respect of those who are outside the scope of the online right to work checking service.
02/25/2022
Mandatory climate-related financial disclosures by large UK corporates: government guidance issued
The Regulations essentially amend the Companies Act 2006 provisions regarding the contents of the strategic report.
02/25/2022
No-fault divorce transforms separation in England & Wales
The current divorce procedure will continue to apply until the reforms under the new law take effect.
02/25/2022
Important Implications for claims on behalf of insolvent Companies against former Directors
For a liquidator of an insolvent company with few assets, the prospect of having to provide security can act as a significant deterrent to bringing the claim in the first place or to continuing with the claim once the court orders the company to provide s
02/25/2022
Enhanced financial services regulatory powers proposed for Singapore
This enhanced ability to issue prohibition orders will enable MAS to take a consistent sector-wide approach when taking enforcement action against misconduct.
02/25/2022
Evaluating Investment Opportunities: The Confidentiality Agreement stage and (6) key points to note.
The approach of “opting-out” of receiving personal data is often proposed in the course of negotiating the terms of an NDA.
02/25/2022
Rights and principles proposed to guide digital transformation
The Commission is hoping to have the draft declaration signed by summer 2022.
02/25/2022
The EU Commission's proposal for a directive on corporate sustainability due diligence
The Proposed Directive aims to foster the sustainable and responsible behaviour of in-scope companies operating in the European Union (the EU) throughout their global value chains.
02/25/2022
Firms told to review recruitment processes ahead of new UK code of practice
All employers in the UK have a responsibility to prevent illegal working by conducting a simple right to work check on potential employees.
02/25/2022
EU's sustainability due diligence law will have 'broad scope of application' in the ESG space
The consideration of human and environmental rights should be understood as part of their duty to act in the best interest of the company, the Commission said.
02/25/2022
EU moves to limit foreign access to cloud data
These latest Commission plans would apply similar restrictions to the transfer of, and foreign access to, EU-held non-personal data for the first time.
02/25/2022
NDAs in the Channel Islands – Enforcement, Limitations and Ethical Considerations
This would leave the employee with the choice of either bringing a claim in the Employment and Discrimination Tribunal, with all its attendant stress and uncertainties, or walking away from that claim.