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Latham & Watkins Advises on THG's US$1 Billion Capital Raise

London corporate team represents the bookrunners in a capital raise by UK ecommerce and technology company THG.

Access to cash FCA and PSR joint statement

The overall decline in the use of cash makes it more expensive to maintain the existing infrastructure that supports it.

Guernsey Update: New Plans for Bringing Partnerships in Scope of Economic Substance Rules

These changes will be most relevant to the funds industry in Guernsey

Financing a Cayman Islands merger take-private

Privatisations by way of a Cayman Islands statutory merger are often financed by loans.

Collas Crill Explains... Ongoing Obligations of Private Funds in the Cayman Islands

This guide provides newly registered private funds with an overview of these obligations to ensure not only that they remain within complete compliance but can plan accordingly around the specific criteria and deadlines.

Luxembourg CSSF Publication Of Guidance On Teleworking

The CSSF also confirms that the circular does not create any precedence for employees to claim a right to remote working

Share-Capital Reductions in Ireland

Where a director makes the above declaration without reasonable grounds, certain parties (including creditors or liquidators) may apply to court to hold directors who made the declaration personally liable for all or any of the company’s debts.

Shall we summer in Saint Tropez, darling? Ban for non-essential travel into the EU to be lifted soon

The Commission proposes to lift travel restrictions for people who have received the last recommended dose of an EU-authorized vaccine at least 14 days before arrival to the EU.

Asia Employment, Pensions and Incentives Update

Continuing our look at India’s four new codes, this month we take a look at the new Industrial Relations Code and unpick what it means for employers operating in India.

Points to note from TPR’s Climate Change Strategy

The vast majority of schemes, big and small, are already required to report on how they incorporate financially material factors (including ESG) into their investment strategy and on their stewardship activities.

Construction contract changes must take account of governing law

As South Africa is a common law jurisdiction, albeit one with a governing constitution, the courts’ approach to interpretation is more similar to that of the UK’s courts rather than those of Germany or Spain.

FCA revises position on EBA outsourcing guidance deadlines

The FCA said: “Firms are not expected to report to us on their progress towards meeting the timeline of 31 December 2021 in the EBA guidelines regarding legacy outsourcing arrangements.

EU proposes new measures to push sustainability in finance

Since 2017 the NFRD obliges certain businesses in the EU to report on non-financial aspects of their investment products

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.

Government Regulation