- Managers of Wealth - Legal - Wealth, private banking and asset management news and opinion

DC pensions: incorporating performance fees in the charge cap

Trustees will also be able to use an alternative ‘multi-year approach’ to assess charge cap compliance, which allows them to ‘smooth’ performance fees over multiple years.

Malta launches new citizenship by investment programme

It is a member of the EU and offers its citizens visa free travel to over 180 countries.

BVI Incubator and Approved Funds – when and how to convert

The new fund categories have proved popular with many new managers and, thanks to their growing asset bases, many of these managers are now reaching the threshold limits for conversion.

UOB raises $1.5bn in Singapore ESG bond first

The bond will be issued under the UOB 's $15 billion global medium-term note programme and the expected issue date for the notes is 14 April.

Cayman Regulatory Update - Q2 2021

The Regulatory Update provides a snapshot of the key legal developments in the Cayman Islands over the last quarter.

Caribbean Cayman Regulatory Update - Q2 2021

The Regulatory Update provides a snapshot of the key legal developments in the BVI and the Cayman Islands over the last quarter.

Hydrogen sector gets new legal framework boost in France

The grant scheme established by this text will most certainly be a major factor in making France's energy strategy a success in respect of the challenges for the country’s energy sovereignty and technological independence.

Cyprus Launches New Registry that Identifies Company Owners

The plan included the establishment of the UBO registry - an already existing obligation under the EU’s 4th anti-money laundering directive.

Ashurst advised CapMan on third Nordic real estate fund

Global law firm Ashurst advised CapMan on the establishment of their third Nordic value-add real estate fund, the CapMan Nordic Real Estate III Fund.

Financial Regulation – Guernsey well placed to attract sophisticated financial services business

Guernsey has carved out a strong position as tried-and-tested when finding the right balance between robust regulation and pragmatic solutions which enable the financial services sector to get on with business.

Mergers and acquisitions involving a BVI regulated entity: navigating the BVI regulatory landscape

Walkers has the leading offshore dedicated regulatory team, providing BVI law expert regulatory advice from our offices in the BVI, the Cayman Islands, London and Hong Kong.

S&C Clients Obtain Dismissal of Antitrust Claims Against Banks Over Treasury Products

Plaintiffs asserted antitrust and unjust enrichment claims based on an alleged manipulation of U.S. Treasury auctions

No turning back - An update on the key elements of DAC6 for EU member states

The principal objective of DAC6 is to provide tax authorities with early warning of arrangements that may involve aggressive tax planning.

RFI on Financial Institutions’ Use of AI Provides Opportunity to Shape Future Regulatory Framework

The use of AI by financial institutions is not new, from using AI to analyze contracts and financial statements, to oversight of traders, to chatbots to communicate with customers

Bermuda Offers Economic Investment and Residential Certificates Under New Policy

The Economic Investment Certificate is valid for five years, after which holders are eligible to apply for the Residential Certificate.

Ban for accountant jailed over £400k theft from major City law firm

She worked for Clyde & Co, through its service company, from August 2008 until September 2017, when she resigned.

Dentons advises on the restructuring of Waberer’s debts

Following more than 15 months of extensive negotiations, structuring, drafting, and an ownership change of the company, the parties signed complex documentation for the long-term multi-source financing of Waberer’s and its affiliates.

South Africa POPIA: Final Guidance Note for Information Officers and Deputy Information Officers now published

The Guidance Note also provides welcome clarification in respect of the role of the Information Officer for private bodies that are juristic persons.

Economic substance requirements: overview

The requirements of the economic substance test vary depending on the relevant activities conducted and each relevant entity must make an annual report in order to enable its compliance with the requirements of the economic substance test to be assessed.

Ireland Update | Code of Practice on the Right to Disconnect

The Code does not create any new substantive rights for employees or offences for an employer.

Government Regulation