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Net zero pledge to be required for UK government contracts

This new requirement follows the recent government trend of seeking to raise the significance of climate factors within public procurements

Luxembourg data protection authority publishes first decisions

These decisions are just a small foretaste of more extensive and stricter supervision by the CNPD, as multimillion fines are being announced and data activists are appealing certain decisions of the CNPD where no fine was imposed.

Proposal for power to block UK listings on national security grounds

The publication of the consultation follows concerns about the possible links between a listing and national security.

Cryptocurrencies Targeted By Australian Serious Crime Taskforce

As part of the effort to tackle cross-border financial crime, the member nations collaborate internationally to reduce the growing threat to tax administrations posed by cryptocurrencies and cybercrime and to make the most of data and technology.

Foreign investment opportunities expand in the United Arab Emirates

This law also repeals Federal Law No. 19 of 2018 regarding foreign direct investment, which had allowed foreign investors to own up to 100 per cent.

EU warns Luxembourg with daily penalty threat over AML rules

The rules that the Commission claims Luxembourg has failed to implement were "a crucial tool to break criminals' business models and combat organised crime.

Let's Talk About Jersey Economic Substance: Holding Company Business

As a part of its base erosion and profit sharing (or BEPS) initiative, the European Union required OFCs, like Jersey

Surge in Interest from High Net-Worth Individuals Applying to Relocate to Jersey

As part of the relocation process applicants will be required to purchase a property locally.

Ireland | Directors' Duties – FAQ

Under the Act, directors’ duties are owed to the company and the company alone.

Russian Interior Ministry interested in creating cybercrime database with Central Bank

Detailed comments prior to creating such database are premature, the Ministry noted

US regulators urge financial firms to quickly ditch Libor rate benchmarks

"When a benchmark is mismatched like that, there’s a heck of an economic incentive to manipulate it," he warned.

CBUAE issues guidances for its licensed financial institutions on anti-money laundering and combatting the financing of terrorism

The Guidances will assist the understanding and mitigation of risks as well as the effective performance by the LFIs of their AML/CFT statutory obligations

International Data Transfers - New Transfer SCCs

Much like the New Transfer SCCs, the Processor SCCs are likely to represent the market standard for compliance in the coming years. As such, they merit a separate update.

Corries digs in for ex-miners’ pension justice

The lawyer said many workers’ pensions were reinstated after a UK government review in 1994 forced companies to allow former employees to re-join schemes.

The Wrecking Ball vs the Crystal Ball – planning a parallel scheme of arrangement

The obiter dicta in both cases is consistent with well-established Drax point.

EU takes Luxembourg to court over money laundering rules

European Commission started infringement procedure against Luxembourg in 2016 over late adoption of EU rules

ASIC Extends Australian Financial Services Licensing Exemptions For Foreign Financial Service Providers (FFSPS) Until 31 March 2023

This gives those FFSPs additional time to consider their options and to make a decision about next steps once Treasury’s upcoming consultation is complete.

Government Regulation