02/23/2022
Interest of US buyers in acquiring UK companies grows
Almost two-thirds of the firm offers announced in 2021 were from such sources.
Government Regulation
02/23/2022
EU considers time limits for FRAND licensing negotiations
UK law makers are considering introducing such a system too.
02/23/2022
US DOJ Continues to Position Itself as Preeminent Global Enforcement Agency for Virtual Currency and Digital Assets
To the extent one can forecast DOJ’s future enforcement activities from where it chooses to place talent and resources, it looks very clear that virtual currency and digitals assets are likely to remain a top-level priority of the department for som
02/23/2022
China’s crypto ban extends to a wider range of crypto-based activities
Despite the wide and non-exhaustive ban on “virtual currency” activities, some regulatory grey areas will remain as technology develops and markets evolve.
02/22/2022
UK Government Launches Consultation on Adopting a New Comprehensive Framework Aimed at Enhancing Cyber Security of Businesses
This Legal Update discusses two areas the proposals focus on and notes the deadlines for submitting responses.
02/22/2022
Taking a Jersey company private: Is there a new kid on the block?
Take private transactions in Jersey have frequently been implemented by members’ schemes of arrangement under Part 18A of Companies (Jersey) Law 1991 (CJL).
02/22/2022
Increasing competitiveness of UK funds regime will be ‘challenging’
The policy paper outlines next steps in the government’s review of the UK’s fund regime.
02/22/2022
Sanctions Compliance - Key issues for Trustees and Financial Institutions
This rise in the use of financial sanctions poses particular compliance risks and below we explore some of the fundamental issues that arise for trustees and financial institutions in the Bailiwick of Guernsey in complying with the various Guernsey sancti
02/22/2022
Harneys wins two Deal of the Year Awards from China Business Law Journal
Harneys advised XPeng Inc as Cayman Islands counsel in relation to their listings on the Hong Kong Stock Exchange on 7 July 2021
02/22/2022
The Cayman Islands, the EU AML list and the FATF grey list
There are few practical consequences arising from inclusion on the EU AML List although clients should be aware of the following.
02/22/2022
Collectors: NFT buyers beware
This article raises some of the key issues that collectors seeking to buy NFTs would be wise to take into account.
02/22/2022
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.
02/22/2022
Raising the Bar on Blowing the Whistle: China’s New Whistleblower Rewards Measures Provide Additional Incentives (and Controls) for Whistleblowing
There is a clear subject against which a report is filed and there are specific facts or clues suggesting violations, and crucial evidence is provided.
02/22/2022
Cayman Islands trustees: Caught in the crossfire
Stuck between the proverbial rock and hard place, it can be very difficult for the trustee to determine which way to turn
02/21/2022
Ashurst advises J.P. Morgan in connection with ASOS plc's move from AIM to the London Stock Exchange's Main Market
The Company published a prospectus on 18 February 2022 in connection with Admission.
02/21/2022
Ireland Update: Time to Act - Protected Disclosures (Amendment) Bill 2022 Published
These changes are contained within the Bill, including the enhancement of obligations to reporting persons and increased protection from penalisation.
02/21/2022
Regulator calls for improvements after assessment reveals failings
Given our capital investment requirements, the expansion of our regulatory remit and the increasing complexity of our regulatory landscape, a review has been undertaken to ensure that we maintain an appropriate reserve.
02/20/2022
Herbert Smith Freehills: Financial Regulation Daily Update
The FCA also reminds firms that it is a criminal offence to proceed with transactions before it has made a decision or before the statutory assessment period has expired.
02/18/2022
UK closes Tier 1 Investor visa route: what are the alternatives?
The Investor visa was a popular option for high net worth individuals looking to settle in the UK, but there are other options available, including a new ‘Scale Up’ visa due to be introduced shortly.
02/18/2022
Luxembourg Corporate: unregulated securitisation vehicles
As a leading hub in Europe for securitisation and structured finance transactions, Luxembourg offers a pragmatic and secure legal and tax