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ESG Impact Assessment - Sell and Buy Side

In 2006, the United Nations announced its Principles for Responsible Investment,.

Is the UK preparing to depart from the GDPR?

In the meantime, in an interview with the Wall Street Journal, EU Justice Commissioner Reynders suggested that a replacement for the EU-US Privacy Shield could take years rather than months.

£550,000 fine for Jersey trust company demonstrates importance of effective and consistent anti-money laundering procedures

LGL established the partnership and incorporated two Jersey companies to act as limited and general partner.

Irish Regulation in Focus: Culture and Individual Accountability

The Central Bank expects firms' actions to be aligned with the expectations of its customers/investors and will take action where it believes firms (and senior management) are falling short of this expectation.

The EU Sustainable Finance Disclosure Regulation is live – what can we expect?

SFDR can be summarised as follows: the regulation is intended to contribute to the higher goal of transitioning the EU to a low-carbon

Climate change the use of litigation to force governments to act

The French case followed the Dutch Supreme Court's December 2019 landmark decision in the "Urgenda litigation" that the government of the Netherlands had breached its duty to prevent climate change, and must take steps to cut greenhouse gas

UK Pensions – The Pension Schemes Act 2021: sanctions for avoiding employer debt

Any such penalty would be paid to the Government rather than to the scheme.

Common law recognition of foreign insolvency proceedings survives in the BVI, and assistance is statutory

The Court ordered the Trustee in bankruptcy to take steps in the BVI to register himself as shareholder of Net International in accordance with the company’s articles.

Australia's banking regulator ends Westpac money laundering probe

In a separate statement, Westpac acknowledged APRA’s decision to end the probe.

Emerging from the legislative fog: the UK’s transformative foreign investment regime comes into sharper focus

These developments have shed light on some key issues - including by providing further clarity on the scope of the sectors in which notifications will be mandatory - but significant questions remain outstanding.

Beyond the Brexit transition period – new deadlines for firms

The EU only adopted a few measures to mitigate the impact of the end of the Brexit transition period

Last remains of the German suspension of the obligation to file for insolvency to finally end in April 2021

Currently, companies which had applied for financial aid (or due to legal or factual reasons were unable to do so) until 28 February 2021 are exempted from the obligation to file for insolvency

FATF listing and the Cayman Islands

The Cayman Islands has taken definitive action in recent years to update its compliance regimes to surpass changing global standards

New UK national security regime to be in place by the end of 2021

Under the Bill, where qualifying entities (typically target companies) operate within specified sectors, a notification must be made to BEIS before any transaction involving that entity can complete.

Reforms to UK listing rules on the horizon: retaining London’s competitive advantage

The suggestions include both short and longer term proposals and are considered as part of a regular process

Announcements on the end of LIBOR

Based on undertakings received from the panel banks, the FCA does not expect that any LIBOR settings will become unrepresentative before the relevant dates set out above.

UK Budget 2021 - the detail that matters to you

The question that remains is whether there is a more substantial reform of taxation waiting in the wings for when the lockdown is over and the country is back to work.

Indirect Discrimination: “Particular disadvantage” involves looking at those impacted by the policy

It should have considered whether the policy put women at a particular disadvantage.

Climate-Related Disclosure in the Hot Seat

SEC Commissioners: Are Recent Announcements Changes from Status Quo or New PR Twist?

SEC Issues Over $5 Million to Joint Whistleblowers Located Abroad

The SEC has awarded approximately $758 million to 142 individuals since issuing its first award in 2012.

Government Regulation