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A chain reaction: the link between diversity and remuneration in financial services

The last decade has seen an unrelenting focus on culture within financial services.

UK Charity Commission closes its case into The Runnymede Trust

The Commission examined whether the trustees of Runnymede had acted in accordance with their legal duties and responsibilities and whether the charity had been engaging in unlawful political activity.

UK Charity Commission Inquiry into Manor Building Preservation Trust Limited

The inquiry was prompted by concerns raised by one of the trustees, including unauthorised trustee remuneration, private benefit and occupation by the trustees of a charity-owned property.

Who governs? UK Supreme Court clarifies applicable law for arbitration agreements in enforcement context

The decision serves, amongst other things, as a caution that, where arbitration is the parties' chosen dispute resolution method, it is in general best practice wherever possible to specify a separate governing law provision for their arbitration agr

Breach Notification Requirement Finalized by US Banking Regulators

The notification may be provided in written or oral form

Infrastructure Legislation Expands US Tax Information Reporting to Cryptocurrency and Other Digital Assets

Congress sought to address this issue in the Infrastructure Investment and Jobs Act (the “Act”), which was signed into law by President Biden on November 15, 2021.

EU plans to change AIFMD, UCITS and ELTIF regimes

Requiring open-ended AIFs and UCITS ManCos to choose at least one LMT (as described in new Annexes to AIFMD and the UCITS Directive).

Individual accountability and the key considerations

The Senior Managers and Certification Regime (SMCR) and other comparable regimes across the globe

Twice as Fast, Twice as Much: New Notice Requirement for Cyber Incidents

36 Hours for Banking Organizations to Notify Primary Regulator of a “Notification Incident” Banking organizations2 must notify their primary regulator, as soon as possible and no later than 36 hours after the banking organization determines th

US Infrastructure Law: Top Impacts on the Digital Asset Industry

The industry will have two years to learn the new requirements and develop systems to ensure compliance.

Latest Changes to Disclosure Pilot Scheme in the Business amd Property Courts of England and Wales

Under the revised rules, the claimant identifies its proposed models for disclosure at the same time that it puts forward its draft list of issues.

Changes to normal minimum pension age – impact on transfers

The legislation to make this change will be set out in the Finance Act 2022 and has now been issued in draft.

FSB Statement to Support Preparations for LIBOR Cessation

Active transition of legacy contracts remains the best way for market participants to have control and certainty over their existing arrangements.

Transforming a black swan into a phoenix the British Virgin Islands’ solution to standalone injunctive relief

Dispute Resolution International is distributed to all members of the IBA Dispute Resolution Section, giving it a readership of approximately 4,000. It is published twice a year and was launched in May 2007.

UK IFPR: treatment of credit risk items falling outside of the K-Factors

It is unclear how IFPR firms are meant to address this lacuna.

COVID-19 Commercial Rent Arrears: UK Government Publishes Draft Arbitration Rules

The Bill includes passing references to appealing an arbitration award.

Credit Suisse's Settlement Under Scrutiny

Credit Suisse settled tax fraud allegations with the U.S. Justice Department (DoJ) for $2.6 billion.

Advance drafts of legislative package from MiFID II/MiFIR review: What are the key points?

The amendments to MiFIR and MiFID II are the output of the MiFID II review.

US IRS Issues Carried Interest Reporting Guidance

The new rules require extensive disclosure of how taxpayers have applied such rules. Michelle Jewett, Mark Leeds, Greg Matlock and James Kelly, all tax lawyers in the Mayer Brown tax group who do extensive work with issuers and holders of carried interest

EU formally adopts public CbC reporting

Subsidiaries or branches below the revenue threshold also will be required to publish their tax information if they are deemed to exist only to help the group avoid the new reporting requirements.

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