05/27/2021
404 Beneficial Owner Not Found: Are EU Public Registers in Place & Really Public?
Delays in establishing public registers & accessibility barriers undermine EU’s progress in ending kleptocratic abuse of anonymous companies
Government Regulation
05/27/2021
Moving to the Cayman Islands
The first two categories, which require an investment in real estate, are the most common and straightforward routes to residency.
05/26/2021
Digital dispute resolution rules to facilitate rapid and cost-effective resolution of disputes involving novel digital technologies
The Rules acknowledge that “automatic dispute resolution processes” are relied upon in digital transactions from time to time, with disputes being resolved by peer-to-peer or community voting systems. However, where a dispute is not resolved i
05/26/2021
Greenwashing - Product Development Considerations for Financial Services Firms
These trends are a continuation of risks that are driven by new products and opportunities.
05/26/2021
FCA stops EverFX offering CFDs to UK customers
The FCA has stopped ICC Intercertus from conducting any regulated or marketing activities in the UK and has directed it to take all reasonable steps to stop other members of the EverFX Group doing the same.
05/26/2021
Hong Kong Stock Exchange to increase the profit requirement for listing eligibility to HK$80 million
And heighten scrutiny of suspicious IPO related practices
05/26/2021
ICLG Aviation Finance And Leasing Guide 2021
Ireland is also attractive due to the confidence in the legal and court system (which is broadly based on English common law) and the number of aviation experts and leasing companies based in Ireland.
05/26/2021
Hong Kong seeks power to jail unlicensed bitcoin trading as city looks to combat money laundering via crypto-exchanges
Exchanges and start-ups expect smaller players to quit as the city will only permit trading by professional investors
05/25/2021
The Guernsey Private Investment Fund
Flexibility of form: can take a variety of legal forms, including a company, unit trust, limited partnership or other vehicle or entity approved by the GFSC.
05/25/2021
Belgium guarantees basic banking service for undertakings
The Act aims to ensure that undertakings can open a payment account in Belgium, which is a legal requirement for undertakings to establish and pursue their business activities in Belgium.
05/25/2021
European Supervisory Authorities Report on the Implementation and Functioning of the Securitisation Regulation
Due Diligence: the Report recommends additional guidance specifying (i) how adequacy and proportionality could be achieved in the context of due-diligence (in particular for STS transactions); and (ii) how investors are expected to perform due-diligence a
05/25/2021
Full Steam Ahead: Second Draft of China's Personal Information Protection Law and Data Security Law
The effect of this article is that online platform service providers based overseas, may need to comply with the above requirements even if they do not have an onshore presence, and/or will have to establish an office or appoint a legal representative in
05/24/2021
Update on the English law position regarding inducement
Insurers’ position (and on appeal) was that “deliberate acts” means actions which are intended to cause injury, or acts which are carried out recklessly as to whether they will cause injury
05/24/2021
European Commission recommends rejection of UK’s application to accede to 2007 Lugano Convention
The Convention covers jurisdiction, and the recognition and enforcement of judgments in civil and commercial matters, between its contracting states.
05/24/2021
Embracing eDiscovery Technology in Competition / Anti-Trust Cases
The benefits of eDiscovery technology are clear to see in the litigation arena and the technology is now widely accepted and even encouraged by U.K. courts through the Disclosure Pilot Scheme.
05/23/2021
UK adopts bespoke global anti-corruption sanctions regime
Readers may remember that the UK's autonomous sanctions regime came into effect at 11 pm on 31 December 2020
05/21/2021
Bermuda Registrar of Companies New Registry System: Impact on Economic Substance Declaration Portal
Economic Substance Declarations that have been started must be finished and submitted by 3 June.
05/21/2021
Court backs Irish regulator on Facebook data transfers inquiry
Those questions were focused around the adequacy of data protection provided by legal tools many businesses rely on for transferring personal data outside of the European Economic Area (EEA) in the course of their operations, including to the US.
05/21/2021
UK pension transfers to be subject to red flag anti-scam regime
For transfers to occupational pension schemes, trustees will need to confirm the member has demonstrated an employment link with the scheme before the transfer takes place.
05/21/2021
Independent financial adviser prohibited from finance industry
Our investigation also concluded that Mr Hussain continued to have contact with clients when the regulator had imposed directions on him not to do so.