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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.

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.

Key issues and trends in series financing transactions from a BVI and a Cayman Islands law perspective

The absence of exchange controls, tax neutrality and the ability to close transactions electronically, among other things, have continued to drive the popularity of the BVI and the Cayman Islands as jurisdictions of choice in these types of transactions.

Interest of US buyers in acquiring UK companies grows

Almost two-thirds of the firm offers announced in 2021 were from such sources.

EU considers time limits for FRAND licensing negotiations

UK law makers are considering introducing such a system too.

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

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.

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.

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).

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.

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

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

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.

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.

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.

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.

Government Regulation