03/28/2022
In anticipation of the Bill being passed as law, the government recently published a working draft of guidance aimed at assisting arbitrators with the operation of the new scheme (the Guidance).
03/28/2022
Currently only UBOs (natural persons) can be registered in the initial stage
03/28/2022
There is no BVI legal requirement for the instrument of transfer to contain details of the consideration.
03/28/2022
It is hard to think of something more symbolic of Switzerland than watches.
03/28/2022
FATF has completed its strategic review which finalised and approved the FATF Methodology for the upcoming fifth round of mutual evaluations.
03/28/2022
This Update focuses on how the new provisions will affect individuals resident in Guernsey.
03/28/2022
The executed instrument of transfer should be sent to the company for registration.
03/28/2022
For similar reasons, it can be advisable to have a Guernsey Will limited to Guernsey assets to avoid paying probate fees in respect of the worldwide estate and release Guernsey funds more quickly, to assist the family and administration in other locations
03/28/2022
Post-termination restrictions are incredibly common in employment contracts for financial services businesses in Guernsey and Jersey.
03/28/2022
Other sanctions lists (eg OFAC, EU, and UN) should also be considered and monitored by all FSPs, VASPs and persons conducting business in the Cayman Islands as they may be relevant but aren’t legally binding in the Cayman Islands.
03/25/2022
At the same time, in a market where it is difficult to compete for talent, employers are needing to re-evaluate mandatory retirement ages as they can result in a loss of skills and knowledge within the business.
03/25/2022
Jersey has a long history of debt-issuing vehicles and those have ranged from short-dated issuers
03/25/2022
Airport operators are now able to direct pilots in command of Russian aircrafts whether to take off or not or order them not to land.
03/25/2022
Luke Tapp and Ruth Stephen have been writing about this for Outlaw, commenting on the new implementing regulations that supplement the new labour laws.
03/25/2022
Core role of Irish regulator in EU data protection cases highlighted
The purpose of the mechanism is to allow businesses to deal with just one data protection authority (DPA) in relation to their EU operations, as opposed to DPAs across all EU member states.
03/25/2022
In its alert, FinCEN warns that Russian and Belarusian actors may seek to evade sanctions through non-sanctioned financial institutions. In light of this risk, FinCEN encourages financial institutions to look for the following red flags:
03/25/2022
These designations coincide with President Biden’s diplomatic meetings in Europe and form part of a further set of Russia sanctions actions coordinated between the United States and its allies.
03/25/2022
The FCA believes that market practice has evolved sufficiently since the onset of the pandemic such that issuers and advisers are able to return to previous practices and rules.
03/24/2022
Firms should consider whether the standardised approach captures the full counterparty credit risks associated with many cryptoassets.
03/24/2022
The EBA recommends that the EU GBS should also apply to securitisation in order to ensure a level playing field across all types of green bond instruments.