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Lexology Chapter: Private Equity (Transactions)

All BVI business companies must comply with the BVI Business Companies Act 2004 (as amended) (the BCA), which grants flexibility on how entities are governed.

Latham & Watkins co-authors report reviewing the impact of UK payments regulation

Analysis conducted in collaboration with UK Finance and The Payments Association urges fresh thinking about regulating payments in the growing digital economy.

BVI Commercial Court freezes assets held by unknown hackers in support of crypto tracing claim

The hacks caused loss to the applicant, in part because it compensated the affected users and projects.

Two steps forward, one step back? Thai government eases tax rules for digital assets while tightening rules for custodians

The Thai Cabinet relaxed tax rules for digital asset investments on 8 March 2022 in a bid to promote Thailand’s growing crypto industry.

Bridging the Gap – How Trusts Can Give DAOs a Foothold in the Traditional Economy

A DAO is a Decentralised Autonomous Organisation formed using blockchain technology combining coins or tokens to raise funds and equity

EU: The “Data Act” – New rules on IoT data and switching cloud services

The Data Act also proposes important changes to make it easier to switch cloud services.

European council and UK government announce new Russia sanctions

The Council has also approved the Commission joining, on the EU’s behalf, a plurilateral statement on Russia’s actions in Ukraine

Legal News - 17 March 2022

The guidance also points to other resources, notably NCSC guidance.

US Enacts LIBOR Transition Law

The LIBOR Act also includes language that modifies benchmark spread adjustments applicable to consumer loans for a one-year period.

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 in relation to their EU operations, as opposed to DPAs across all EU member states.

High Court gives short shrift to request for stay of injunction for rebranding

In what may ultimately be perceived as a strategic coup, the High Court grants VAGISAN a 3-week stay to facilitate rebranding pending the outcome of an application for permission to appeal

UK regulators warn cryptoassets cannot be used to circumvent sanctions

Financial crime and intelligence expert Hinesh Shah of Pinsent Masons said the statement puts the cryptoasset industry on notice that UK regulators will act against sanction breaches, and that attempts by sanctioned parties to use cryptoassets to circumve

Fast-changing sanctions environment poses risks for borrowers

Loan documents often contain more onerous sanctions provisions than those prescribed by government.

EU securitisation vehicles to be in scope of ATAD 1 interest limitation rules

This development comes a result of a reasoned opinion, addressed to Luxembourg by the EU Commission, in which it stated that it considers the list of financial undertakings within the meaning of ATAD 1 as a static one, which therefore cannot be extended t

UK to end extradition to Russia

This move by the Government firmly slams the door shut.

Ukraine: Talk of Full Confiscation Risks «Rule of Law»

The UK government is discussing whether to place refugees in the mansions of wealthy Russians, effectively confiscating them.

Cyber Incident Reporting for Critical Infrastructure Act Signed Into US Law as Part of Omnibus Appropriations Legislation

The legislation also provides a suit dismissal provision associated with the new reporting requirements.

Government Regulation