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

Symbolic but Not Consequential

Housework is mundane, but it has the power to generate explosive emotions and now, compensation.

SEC takes first steps to put in force the Holding Foreign Companies Accountable Act

But disclosure requirements will not be triggered until SEC identifies affected companies, and SEC is not yet addressing the mandated trading prohibitions

SPACxit – can London save SPACs to secure its position in the new world?

In the UK, SPACs are considered cash shells which are not eligible for listing on the Premium segment of the Official List

Changes to AIFMD Marketing Rules from August 2021 – How will these New Rules Impact Fund Managers?

The Marketing Rules also provide that where a draft prospectus or offering memorandum is provided as part of “pre-marketing”

A new year, a new set of arbitral rules: a summary of the key changes introduced in the 2021 ICC arbitration rules

This introduces greater flexibility in the manner in which hearings are conducted and allows for parties’ to ensure their voices are heard and cases are plead even if they are prevented from traveling physically to a hearing.

Will 2021 be the year of special purpose acquisition companies (SPACs) in Luxembourg?

A SPAC is essentially a shell company formed with no business purpose or undertaking other than to raise funds for some future undefined object, and then later use the proceeds of that offering to acquire a private company in a reverse merger.

US Federal Reserve Announces New Climate Committee and Provides More Guidance on Its Approach to Addressing Climate Change Risks

The FSCC’s focus on financial stability constitutes the second pillar of the FRB’s climate change framework.

Regulatory investigations in Guernsey

The critical question which a Guernsey licenss (or business) will need to swiftly address is how to respond and how to manage the situation.

New rules set to make the commencement of proceedings before the BVI Commercial Court more straightforward

One of the review's recommendations is to remove the requirement to obtain the court's permission before court process, including a claim form, may be served out of the jurisdiction

ESAs remind consumers about crypto-asset risks

Crypto-assets are quite diverse in nature and come in many forms but the majority remain unregulated in the EU

First Decision of a German Data Protection Authority on Supplementary Measures for International Personal Data Transfers from Europe

A German publishing company based in Munich used the online service "Mailchimp".

European supervisory authority issues €8.15m fine for international data transfer and processing failings

This case demonstrates that organisations that transfer

British Virgin Islands - Voluntary Liquidations For First Half Year Companies

Leveraging our legal and specialised fiduciary and fund services teams

Can UAE employers require staff to be vaccinated?

Whether and to what extent an employer can encourage staff to take the vaccine will always depend on the particular circumstances of the company.

Pension schemes urged to raise alarm over scams

There are also fears surrounding the possibility of scammers using the Covid-19 pandemic to their advantage to steal from savers.

German Federal Court: German merchants are allowed to surcharge Paypal and Sofort

The issue of whether PayPal and Sofort transactions can, or cannot, be surcharged by German merchants has been controversial for quite some time.

Dentons launches Global Bid Challenge Tracker to enable quick comparison of bid challenge laws across multiple jurisdictions

Leveraging Dentons' global platform and award-winning commitment to technological innovation, the Firm launched this innovative, free platform to allow corporate leaders to create customized user-friendly comparisons of the laws.

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