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Frankfurt wants to regulate data centres more strictly

Frankfurt joins London, Amsterdam, Paris and Dublin as one of the largest locations for data centres in Europe.

Luxembourg CSSF Publication of Guidance on Teleworking

In addition, the CSSF points out that remote working arrangements must comply with the provisions of the Luxembourg Labour Code and must not contravene any mandatory public policy provisions.

Investment Limited Partnerships 101 (Part 2)

The ability to establish an ILP as an umbrella fund provides additional flexibility for managers that are considering setting up funds with differing investment strategies.

NYDFS Issues Proposed Guidance on Managing the Financial Risks from Climate Change

On March 25, 2021, the NYDFS released for public comment proposed guidance for New York domestic insurers relating to managing the financial risks from climate change.

1MDB, SRC file 21 separate civil suits worth billions against banks, individuals for involvement in fraud

One of the suits also targeted fugitive businessman Low Taek Jho (Jho Low), his father Tan Sri Low Hock Peng, sister Low May Lin and accomplice Eric Tan Kim Loong from whom 1MDB is seeking a total of US$1.402 billion (RM5.76 billion).

First bug bounty programme in the Federal Administration

This platform is based on state-of-the-art cloud technology and meets the requirements of the Confederation and other regulated industries such as critical infrastructures.

Trends in Sustainable Finance Disclosures

The primary aim of the SFDR is to ensure that investors are equipped to make a reasoned decision in a transparent market with the hope that capital flows will ultimately be rerouted to sustainable investments.

Finding John Doe, Part II: IRS Secures Another Victory to "Root Out" Virtual Currency Tax Noncompliance

The court’s order approving the summons significantly reinforces the strength of the IRS’ crypto pursuit.

Guernsey Financial Services Commission Consults on Proposed Re-Issue of Statutory Instruments

The draft Statutory Instruments replicate the current Statutory Instruments with the incorporation of new terminology and, in some cases, the amalgamation of previous Regulations into Rules.

Third edition of the Regulatory Initiatives Grid

The Regulatory Initiatives Grid sets out the regulatory pipeline.

MPs urged to demand the names of Canadians behind offshore tax shelters

Finance committee is re-starting probe into shell companies that was shut down five years ago

Seven steps to buying property in the British Virgin Islands

Completion is usually arranged to take place within a specific time after all the conditions in the SPA have been satisfied.

German constitutional court rules that Climate Change Act is insufficient

The court ruled "that the provisions of the Federal Climate Change Act

New BVI Insurance Code of Conduct to Take Effect July 2021

The Insurance Conduct Code introduces a framework to govern the market conduct of domestic insurers, insurance intermediaries, and loss adjusters.

Privilege is back! The Rotterdam District Court rules on privilege for in-house counsel

It determined that privilege may apply to in-house counsel working for a Dutch company outside the Netherlands, if such persons enjoy privilege under their home jurisdiction rules.

Commencing Divorce Proceedings - Service on Spouses Overseas

In the Philippines, we can only effect such service on nationals of the originating state.

O’Neal Webster Successfully Defends Eastern Caribbean Central Bank in Multi-Million Dollar Claim

Through a conservatorship process, the central bank took control of the distressed parent banks’ affairs in August 2013 and by extension, the subsidiaries, pursuant to management agreements between each parent and subsidiary.

Frozen in time: do limitation periods apply to claims against Cayman companies in liquidation?

The Cayman Court therefore held that the primary limitation period for the claims made in the proceedings issued by Ritchie in Cayman on 21 May 2019 had already expired five years previously in 2014, and they were time-barred.

New annual return reporting requirement for certain BVI licensees

Additionally, all approved managers - being entities licenced to act as an investment manager/ investment advisor under the Investment Business (Approved Managers) Regulations, 2012 - are now required to complete and file the AML/CTF Return.

Changes to UK market abuse regime including longer to announce PDMR transactions

The rules in MAR on insider lists are also being amended from 29 June 2021

Government Regulation